US PPI Falls Below Expectations; Fed Rate Hike Odds Drop as Bitcoin Rises
The US Producer Price Index (PPI) fell by 0.3% in June, marking the first monthly decline since August 2025 and reinforcing a disinflation trend. This data, combined with softer-than-expected consumer inflation earlier in the week, has reduced market expectations for a July Federal Reserve rate hike to just 12.3%. Bitcoin (BTC) rose above $65,000 while Ethereum (ETH) surpassed $1,900 amid easing monetary policy concerns.
Topics: Bitcoin price movement Ethereum price movement Fed rate hike odds PPI