{"id":34550,"date":"2026-07-15T18:05:08","date_gmt":"2026-07-15T18:05:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-climbs-above-65k-as-weak-ppi-rattles-fed-hawks\/"},"modified":"2026-07-15T18:05:38","modified_gmt":"2026-07-15T18:05:38","slug":"bitcoin-climbs-above-65k-as-weak-ppi-rattles-fed-hawks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-climbs-above-65k-as-weak-ppi-rattles-fed-hawks\/","title":{"rendered":"Bitcoin climbs above $65K as weak PPI rattles Fed hawks"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month.<\/p>\n<div id=\"cn-block-summary-block_1485579060d7677db9b4fb4e9309152e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin climbed above $65,000 after weaker-than-expected U.S. PPI data boosted risk appetite.<\/li>\n<li>Cooling inflation reduced expectations of a July Fed rate hike in both traditional and crypto markets.<\/li>\n<li>Ethereum topped $1,900 as the total crypto market capitalization rose above $2.3 trillion.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/ppi.nr0.htm\" target=\"_blank\" rel=\"nofollow\">U.S. Bureau of Labor Statistics<\/a>, June\u2019s Producer Price Index (PPI) added fresh momentum to risk assets after inflation came in below economists\u2019 forecasts.<\/p>\n<p>The total crypto market gained more than 2% to climb above $2.3 trillion, while Bitcoin reclaimed the $65,000 level and Ethereum moved above $1,900 for the first time since early June. The latest move extends the rally that began after June\u2019s Consumer Price Index (CPI) report also surprised to the downside.<\/p>\n<h2 class=\"wp-block-heading\">Softer inflation cuts expectations for a July Fed rate hike<\/h2>\n<p>The Bureau of Labor Statistics reported that headline PPI fell 5.5% year over year in June, below the 6.2% consensus estimate. On a monthly basis, producer prices declined 0.3%, the sharpest monthly drop since April 2025. Core PPI, which excludes food and energy, rose 4.7% from a year earlier, also below the expected 5.1%, while the monthly increase slowed to 0.2%, missing expectations of 0.3%.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Coming one day after a softer CPI report, the latest inflation figures strengthened investor confidence that price pressures continue to ease. The June CPI release had already lifted Bitcoin and the wider crypto market after recording the largest monthly decline in consumer prices since April 2020.<\/p>\n<p>Analysts have linked part of last month\u2019s cooling inflation to lower energy costs following the now-ended ceasefire agreement between the United States and Iran.<\/p>\n<p>The combination of weaker CPI and PPI readings has encouraged traders to reassess the Federal Reserve\u2019s next policy move, with markets increasingly expecting policymakers to keep interest rates unchanged at their July meeting.<\/p>\n<h2 class=\"wp-block-heading\">Rate markets and prediction platforms scale back tightening bets<\/h2>\n<p>Expectations for another Federal Reserve rate increase dropped further after the PPI report. According to the CME FedWatch Tool, traders now assign only a 10.2% probability of a rate hike at the July 29 Federal Open Market Committee meeting, down from roughly 16% following the CPI release and well below levels above 30% seen last week.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"nofollow\">FedWatch<\/a><\/figcaption><\/figure>\n<p>Crypto-based prediction markets have become even more confident that policymakers will stay on hold. Data from Polymarket places the probability of a July rate hike at just 4%, showing a wider gap between crypto traders and traditional interest-rate markets.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"942\" height=\"823\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/07\/1784138708_101_Bitcoin-climbs-above-65K-as-weak-PPI-rattles-Fed-hawks.webp.webp\" alt=\"Polymarket chart showing a 95% probability of no Fed rate change and a 4% chance of a 25-basis-point hike at the July 2026 FOMC meeting.\" class=\"wp-image-14473120\"  ><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/polymarket.com\/event\/fed-decision-in-july-181\" target=\"_blank\" rel=\"nofollow\">Polymarket<\/a><\/figcaption><\/figure>\n<p>Markets have also lowered the probability of an additional rate hike before the end of 2026. CME FedWatch data shows those odds have eased to about 51%, compared with around 55% a day earlier and roughly 71% at last week\u2019s peak.<\/p>\n<p>Even with inflation data moving in a favorable direction, Federal Reserve Chair Kevin Warsh has urged caution. During testimony before the House on Tuesday, Warsh warned that one encouraging inflation report does not mean the central bank has completed its work.<\/p>\n<p>According to his remarks, the Federal Reserve remains committed to returning inflation to its long-term 2% target before declaring victory over price pressures.<\/p>\n<p>For crypto investors, however, the latest inflation releases have shifted attention back toward monetary policy. With both CPI and PPI surprising to the downside in consecutive sessions, digital assets have benefited from renewed expectations that borrowing costs may remain unchanged in the near future, supporting demand for risk-sensitive assets including Bitcoin and Ethereum.<\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month. Summary Bitcoin climbed above $65,000 after weaker-than-expected U.S. PPI&hellip;<\/p>\n","protected":false},"author":1,"featured_media":32743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-34550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34550","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=34550"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34550\/revisions"}],"predecessor-version":[{"id":34551,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/34550\/revisions\/34551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/32743"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=34550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=34550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=34550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}