Svmuu News: On July 15, the U.S. Bureau of Labor Statistics reported that the Producer Price Index (PPI) for June stood at 5.5%, below market expectations and down from the previous reading. Following the release of the data, U.S. stock futures, cryptocurrencies, and gold rose, while the U.S. Dollar Index weakened and U.S. Treasury yields edged lower.
BitcoinAround 8:30 a.m. EDT on Wednesday, it rose from around $64,989, reaching an intraday high of $65,494—its first breach of the $65,000 level in recent times.During the same period, BTC gained more than 5% this week, while ETH rose more than 10% over the past seven days.
Brent crude was trading near $84 at the time, while West Texas Intermediate (WTI) was around $79.54.Due to tensions related to the Strait of Hormuz, crude oil prices remained above their recent averages, while gold traded in the range of $4,050 to $4,064.