Bitcoin Nears $69K as Markets Hesitate on Lower U.S. Inflation Data

Bitcoin narrowly missed a fresh assault on the $69,000 mark at the June 13 Wall Street open as markets showed caution in the face of the latest U.S. inflation data. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin briefly surged to $68,433 on Bitstamp before retreating. This short-lived spike coincided with the release of the U.S. Producer Price Index (PPI) for May, which came in lower than expected, signaling a slowdown in inflation. While this could be seen as positive for risk assets and cryptocurrencies, Bitcoin’s reaction was muted compared to the previous day’s data releases. Jobless claims,