Soft PPI Sparks Crypto Gains, but Bitcoin’s Rally Remains Fragile
August’s PPI data surprised to the downside, sending bitcoin to $113,700 and lifting altcoins. The figures reinforced bets on Fed easing, with markets now pricing a higher chance of a 50-basis-point cut.
Yet bitcoin continues to underperform gold, which has marched to record highs on dovish signals. Analysts say sustained upside in crypto may hinge on tomorrow’s CPI print confirming disinflation trends.
Bitcoin Leads Crypto Gains Above $113K Following Weak PPI Report
