coin-img-ETHETH+1.72%coin-img-BTCBTC+1.95%coin-img-SOLSOL+3.42%coin-img-USDCUSDC-0.03%coin-img-XRPXRP+2.58%coin-img-GENSYNGENSYN-2.73%coin-img-HYPEHYPE+6.01%coin-img-OPNOPN-5.51%coin-img-ETHETH+1.72%coin-img-BTCBTC+1.95%coin-img-SOLSOL+3.42%coin-img-USDCUSDC-0.03%coin-img-XRPXRP+2.58%coin-img-GENSYNGENSYN-2.73%coin-img-HYPEHYPE+6.01%coin-img-OPNOPN-5.51%coin-img-ETHETH+1.72%coin-img-BTCBTC+1.95%coin-img-SOLSOL+3.42%coin-img-USDCUSDC-0.03%coin-img-XRPXRP+2.58%coin-img-GENSYNGENSYN-2.73%coin-img-HYPEHYPE+6.01%coin-img-OPNOPN-5.51%coin-img-ETHETH+1.72%coin-img-BTCBTC+1.95%coin-img-SOLSOL+3.42%coin-img-USDCUSDC-0.03%coin-img-XRPXRP+2.58%coin-img-GENSYNGENSYN-2.73%coin-img-HYPEHYPE+6.01%coin-img-OPNOPN-5.51%

Bitcoin Dips Toward 60000 After US May PPI Rises 1.1% and Annual Rate Hits 6.5%

Bitcoin slipped toward 60000 after US May Producer Price Index data showed a 1.1% monthly rise and 6.5% annual inflation, the highest since November 2022. BTC traded near 62500 after failing to hold above 63000 as hotter inflation lifted expectations for tighter Fed policy. Traders are watching 61000 support and 63000 resistance.
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