Skip to content

Bitcoin below $70K despite cooler US PPI

Bitcoin rebounded from about $67,500 to around $68,700 after Friday’s Wall Street open but did not regain $70,000. TradingView data showed it was still down 4% on the day. The source gives no unambiguous calendar date for the Friday trading session.

US producer prices rose 0.3% from the previous month and 6.5% from a year earlier in October. Both readings were 0.1 percentage points below expectations, though the annual rise was the largest since November 2022. Trader Rekt Capital warned that a weekly close below $73,000 would mark another support break in 2026; that close had not occurred in the excerpt.

Source

Share