Bitcoin edges higher while the US dollar flags on the latest PPI inflation data, but BTC price strength has yet to convince analysts.
Bitcoin tagged $58,000 around the July 12 Wall Street open as markets reacted to “sticky” United States inflation data.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price strength improving as the Producer Price Index (PPI) print for June rose more than forecast.
Year-on-year PPI came in at 2.6% versus 2.3% expected, 0.1% higher than the month prior.
