Bitcoin Rises Above $65,000 As Inflation Worries Ease

Bitcoin Rises Above $65,000 As Inflation Worries Ease CryptoProwl Wed, July 15, 2026 at 11:51 PM GMT+2 2 min read XRP ETH SOL BTC Bitcoin's (CRYPTO: $BTC) price rose above $65,000 U. S. on the afternoon of July 15 as worries about inflation in the U.

S. begin to ease. Economic data that showed the closely watched U.

S. Producer Price Index (PPI), an inflation gauge, declined in June has softened expectations for interest rate hikes later this year. The Producer Price Index, which measures wholesale costs in America, fell 0.

3% in June. Economists had expected the gauge to be unchanged during the month. More From Cryptoprowl: Stablecoin Market Cap Declines By $10 Billion Major U.

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, with the Consumer Price Index (CPI) posting an unexpectedly sharp decline of 0. 4% in June. Inflation declined in June alongside crude oil prices, which dropped sharply as the U.

S. and Iran reached a ceasefire in their war. The softening inflation takes pressure off the U.

S. Federal Reserve to raise interest rates in order to reign it in. That's good news for risk assets such as cryptocurrencies.

Bitcoin had been trading in a range of $60,000 U. S. to $65,000 U.

S. since the end of June. Analysts say it is key for the digital asset to break above resistance at $65,000 U.

S. The total crypto market gained more than 2% on July 15 to climb above $2. 3 trillion U.

S. as Bitcoin reclaimed the $65,000 U. S.

level. Ethereum (CRYPTO: $ETH) is trading above $1,900 U. S.

for the first time since early June. Other digital assets such as Solana (CRYPTO: $SOL) and XRP (CRYPTO: $XRP) are also up. Despite weakening inflation, financial markets are still pricing in two 25-basis point interest rate hikes from the U.

S. Federal Reserve this year, one in September and another in December. BTC hit an all-time high of just over $126,000 U.

S. last October.