Bitcoin keeps traders guessing near $64K as stocks gain on cool US PPI data

Written by William Subergstaff writerReviewed by Robert Lakinstaff editorWritten by William Subergstaff writerReviewed by Robert Lakinstaff editorBitcoin keeps traders guessing near $64K as stocks gain on cool US PPI dataMarketsPublishedAug 13, 2026Bitcoin joined US stocks in modest gains after July PPI inflation data continued a cooling trend seen over the past month.Bitcoin (BTC) edged away from weekly lows on Thursday after the US Producer Price Index (PPI) narrowly cooled in July.Key points:Bitcoin avoids further downside as US PPI data provides a boost to US equities.Cleveland Fed president stays hawkish on the outlook for interest-rate policy. Bitcoin long liquidations make $61,000 a key level to watch.July PPI extends cooler US inflation trendBTC/USD was up around 0.5% on the day near $63,900 with volatility broadly absent, data from TradingView showed.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewThe July US Producer Price Index (PPI) print was unchanged month-on-month at 0.2%, while year-on-year increased 4.7% versus an anticipated 4.9%, per data from the Bureau of Labor Statistics (BLS).“In July, a 0.2-percent increase in the index for final demand services and a 2.2-percent advance in prices for final demand construction offset a 0.7-percent decrease in the index for final demand goods,” the BLS release said. “Falling gasoline and energy prices provided the biggest relief,” Econoday analysts highlighted.US PPI one-month % change. Source: BLSUS stocks gained at the Wall Street open as PPI further cooled market bets on interest-rate hikes from Federal Reserve policymakers. The S&P 500 index and tech-heavy Nasdaq Composite index were up 0.87% and 0.94%, respectively, at the time of writing.CME Group’s FedWatch Tool showed 65.6% odds of those policymaker holding rates at the current 3.50-3.75% level at the Federal Open Market Committee (FOMC) September meeting. Wednesday’s July Consumer Price Index (CPI) numbers matched expectations, already res…

Bitcoin keeps traders guessing near $64K as stocks gain on cool US PPI data

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