Bitcoin Breaks $65.5K as Producer Inflation Data Surprises Markets

💡 • Crypto traders who entered long positions before the PPI release are sitting on short-term gains of roughly 3–4%, with potential for further upside if the Federal Reserve signals a dovish pivot at its July meeting. • Retail investors holding spot Bitcoin should consider taking partial profits at $68,000 resistance, as three-week highs often face selling pressure from short-term speculators. • Business owners accepting crypto payments may want to convert BTC immediately to stablecoins to lock in higher fiat value, given the volatility around macro data releases. • Side hustlers running crypto mining operations can use this price spike to sell hashrate or tokens directly, as the breakeven price for most miners is still well below $50,000. • Real estate investors accepting crypto for property sales should negotiate contracts now to close before any potential pullback, as softer inflation could also lower mortgage rates and boost traditional housing demand.

Bitcoin surged past $65,500 for the first time in three weeks after the latest US Producer Price Index (PPI) came in unexpectedly soft. The move extends a rally that began when consumer inflation data also surprised lower earlier in the week.