Bitcoin Price Tops $65,000 After Softer U.S. PPI Data

Bitcoin climbed above $65,000 and Ethereum reached $1,900 for the first time in 43 days after US producer prices fell 0.3% in June, bringing annual producer inflation to 5.5%, below expectations. The rally triggered about $100 million in short liquidations within 30 minutes, and the total cryptocurrency market added nearly $250 billion in value.