Bitcoin Jumps Past $114K As Markets Eye Fed Easing After PPI Report

Bitcoin climbed past $114,000 this week, pushing markets higher after a surprisingly weak reading on producer ￰0￱ to reports, the move followed a pullback in US PPI that many traders read as a sign the Federal Reserve may be able to start cutting ￰1￱ Reading: Institutional Adoption Rises: 21X Brings Chainlink Into Europe’s Tokenized Securities Market The jump was quick and loud on price ￰2￱ caught the attention of both retail traders and bigger ￰3￱ Inflation Spurs Rate Cut Bets According to published data, US Producer Price Index (PPI) fell to about 2.6% year-on-year, while core PPI — which strips out food and energy — came in near 2.8%. On a monthly basis, PPI showed a drop, one of the first such moves since March ￰4￱ on reports, those weaker numbers fed hopes that the Fed could ease policy sooner rather than later, and markets reacted accordingly.

Bitcoin’s Rally And Broader Crypto Moves Bitcoin hit roughly $113,850 on some exchanges before trading above $114,000, and Ethereum climbed past $4,400 as part of the same ￰5￱ have disclosed that institutional flows and stablecoin liquidity helped lift prices, and that investor positioning shifted toward risk assets after the ￰6￱ were watching support around $112,500-$113,000 and resistance near $115,000-$115,500 as the session ￰7￱ was strong, but some caution remained. Bitcoin’s Technical Levels And Flows Market technicians pointed to clear ￰8￱ support near $112,500 breaks, it could open the way to a short ￰9￱ $115,500 is cleared, buyers may push for higher ￰10￱ the same time, some on-chain indicators showed rising transfers into exchanges, a sign that profit taking could be ￰11￱ have disclosed that both demand and supply signals will be watched closely by desks and algorithmic ￰12￱ Could Slow This Move While PPI cooled, other data could change the ￰13￱ inflation and jobs figures are still to be watched, and those reports can keep the Fed on ￰14￱ cuts are now being priced in by some traders, perhaps as soon as September, but that outcome is not ￰15￱ consumer prices re-accelerate or job strength stays high, easing could be delayed and markets may retrace ￰16￱ Reading: Tighter Premiums Put Crypto Treasuries On Risky Road, According To NYDIG What Investors Should Watch Next According to market commentators, the key near-term items are the upcoming CPI release, monthly jobs data, and Fed ￰17￱ important are flows into spot products and the dollar’s direction — a firmer dollar would likely pressure risky ￰18￱ will also keep an eye on how quickly liquidity moves from stablecoins into BTC and ETH, and whether profit-taking appears at the big technical thresholds already ￰19￱ image from Meta, chart from TradingView