Bitcoin (BTC) hovered around $68,700 following Friday’s Wall Street open, rebounding from an earlier dip to roughly $67,500.
Key points:
Bitcoin failed to reclaim the $70,000 mark after hitting about $67,500 on Friday, its lowest level since mid-August.
The US Producer Price Index (PPI) rose 6.5% year over year in October, 0.1 percentage points below expectations but still the largest increase since November 2022.
Rekt Capital warned that a weekly close below $73,000 could mark Bitcoin’s third break of that support level in 2026.
US PPI sees largest yearly gain since Q4 2022
Data from TradingView showed BTC/USD down 4% on the day after bouncing from a roughly 12-week low near $67,500.
The US Producer Price Index, which tracks changes in the prices domestic producers receive for their goods and services, rose 0.3% month over month and 6.5% year over year in October. Both readings…
