Bitcoin hits $65.5K as more surprise US inflation data sparks three-week BTC price high
Cointelegraph 2026-07-15 14:45:28
Context: Bitcoin's price surged to $65.5K, reaching its highest level in three weeks, following the release of US Producer Price Index (PPI) inflation data that surprised market expectations. This recent increase comes on the heels of another surprise macro data drop earlier in the week. The new data has sparked a notable rise in Bitcoin's value.
Key Facts
- Bitcoin's price moved up to its highest levels since June 22, reaching $65.5K, as a result of the US PPI inflation numbers being released.
- The recent surge in Bitcoin's price is its highest in three weeks, indicating a significant market response to the inflation data.
- The US PPI inflation data provided the week’s second surprise macro data drop, following another unexpected release earlier in the week.