US PPI data cools off! Is BTC building up power at $63,839.29 to break higher?
The US July PPI inflation data came in cooler than expected, benefiting risk assets. US stocks edged up, helping BTC stabilize.
Last night, the US released the July PPI data—which, in plain terms, is the producer price index. As it continues to move downward, the trend of easing inflation has been broadly maintained. The US stock market reacted quite positively, with a modest jump right away. BTC also caught some of the momentum. It’s currently hovering around $63,839.29, up just 0.52% over the past 24 hours.
ETH, on the other hand, is much worse—it didn’t capture any of the upside. At $1,891.99, ETH is down 0.14% in the last 24 hours, even lagging behind the market’s average performance. Money simply isn’t flowing into Ethereum.
Impact on the market
In the short term, continued cooling in PPI strengthens expectations that the Fed will cut rates in September. Falling interest rates mean more money in the market; institutional capital’s risk appetite rises sharply. Safe-haven funds will accelerate back into core risk assets like Bitcoin, directly providing support for BTC prices. Folks, remember this transmission path: inflation data cools off → rate-cut expectations surge → USD weakens and funds spill over → directly supports BTC price.
In the medium term, the linkage between US stocks and crypto will become tighter. As long as macroeconomic data stays supportive, BTC likely won’t easily break down. But ETH’s current weakness shows that capital is still picking and choosing—those who wanted to pump Ethereum in Q2 simply don’t dare to go hard now.
My take
Honestly, I’m bullish on BTC in the short term. Macro positives like PPI cooling are real—not wishful thinking. BTC has been ranging at around $63,839.29 for several days; the bulls are waiting for a catalyst. Rate-cut expectations are that “spark”—within the next 12 hours, BTC likely tries to move up.
I’m not touching ETH for now. The price of $1,891.99 feels unsettlingly weak. When the overall market rises, ETH doesn’t follow—suggesting there’s no consensus among the main funds. Once BTC moves first, if ETH can catch up, then chasing it will be no later. Jumping in right now only lifts the ride for people trapped earlier—it’s not worth it.
🎯 Impact forecast
- Assets: BTC / ETH
- Direction: Bullish📈 Predicting an upside move
- Timeframe: BTC 12 hours / ETH 24 hours
If you agree with this BTC move, give it a like and let me see how many people are with me.
$BTC $ETH #BTC #ETH
#Macro
⚠️ This does not constitute investment advice
The US July PPI inflation data came in cooler than expected, benefiting risk assets. US stocks edged up, helping BTC stabilize.
Last night, the US released the July PPI data—which, in plain terms, is the producer price index. As it continues to move downward, the trend of easing inflation has been broadly maintained. The US stock market reacted quite positively, with a modest jump right away. BTC also caught some of the momentum. It’s currently hovering around $63,839.29, up just 0.52% over the past 24 hours.
ETH, on the other hand, is much worse—it didn’t capture any of the upside. At $1,891.99, ETH is down 0.14% in the last 24 hours, even lagging behind the market’s average performance. Money simply isn’t flowing into Ethereum.
Impact on the market
In the short term, continued cooling in PPI strengthens expectations that the Fed will cut rates in September. Falling interest rates mean more money in the market; institutional capital’s risk appetite rises sharply. Safe-haven funds will accelerate back into core risk assets like Bitcoin, directly providing support for BTC prices. Folks, remember this transmission path: inflation data cools off → rate-cut expectations surge → USD weakens and funds spill over → directly supports BTC price.
In the medium term, the linkage between US stocks and crypto will become tighter. As long as macroeconomic data stays supportive, BTC likely won’t easily break down. But ETH’s current weakness shows that capital is still picking and choosing—those who wanted to pump Ethereum in Q2 simply don’t dare to go hard now.
My take
Honestly, I’m bullish on BTC in the short term. Macro positives like PPI cooling are real—not wishful thinking. BTC has been ranging at around $63,839.29 for several days; the bulls are waiting for a catalyst. Rate-cut expectations are that “spark”—within the next 12 hours, BTC likely tries to move up.
I’m not touching ETH for now. The price of $1,891.99 feels unsettlingly weak. When the overall market rises, ETH doesn’t follow—suggesting there’s no consensus among the main funds. Once BTC moves first, if ETH can catch up, then chasing it will be no later. Jumping in right now only lifts the ride for people trapped earlier—it’s not worth it.
🎯 Impact forecast
- Assets: BTC / ETH
- Direction: Bullish📈 Predicting an upside move
- Timeframe: BTC 12 hours / ETH 24 hours
If you agree with this BTC move, give it a like and let me see how many people are with me.
$BTC $ETH #BTC #ETH
#Macro
⚠️ This does not constitute investment advice