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Bitcoin price tracks $68K as 'chicken' crypto market shrugs off US PPI

Bitcoin and altcoins are unmoved by a significant inflation slowdown, as shown in the latest U.S. macro data.

Bitcoin (BTC) avoided a fresh attack on $69,000 at the June 13 Wall Street open as markets played “chicken” with the latest United States inflation data.

Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it spiked to $68,433 on Bitstamp before returning lower.

The brief move came as the U.S. Producer Price Index (PPI) print for May came in lower than expectations across the board, showing inflation to be losing steam.

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Bitcoin and altcoins are unmoved by a significant inflation slowdown, as shown in the latest U.S. macro data.
Bitcoin (BTC) avoided a fresh attack on $69,000 at the June 13 Wall Street open as markets played “chicken” with the latest United States inflation data.Data from Cointelegraph Markets Pro and TradingView followed Bitcoin as it spiked to $68,433 on Bitstamp before returning lower.The brief move came as the U.S. Producer Price Index (PPI) print for May came in lower than expectations across the board, showing inflation to be losing steam.Read more  

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