Bitcoin crossed above $70,000 on November 13, 2026, after a U.S. producer price index came in below Wall Street’s forecasts. Gold also rose above $3,900 per ounce, while Bitcoin gained roughly 1% to 1.35% and gold added about 0.6% to 1%. Headline producer prices increased 0.3% month over month, compared with the 0.4% expected, and climbed 6.5% annually, slightly below the 6.6% forecast. The report lowered the chances of a 50-basis-point Federal Reserve rate hike in December, although a 25-basis-point increase remains the market’s base case. Despite the modest easing, producer inflation remains elevated at its highest annual rate in nearly four years.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
