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Bitcoin, Ethereum, and Ripple Rally Together... Coin Market on 'High Alert' Ahead of U.S. June PPI Release

According to data from CoinMarketCap as of 2:52 p.m. on the 15th, major cryptocurrency prices are showing a bullish trend, rising across the board. Investors ar

Oseong Kwon
Staff Reporter
3 min read
Bitcoin, Ethereum, and Ripple Rally Together... Coin Market on 'High Alert' Ahead of U.S. June PPI Release
CBC News

According to data from CoinMarketCap as of 2:52 p.m. on the 15th, major cryptocurrency prices are showing a bullish trend, rising across the board. Investors are on high alert for the results of the U.S. June Producer Price Index (PPI), scheduled to be announced tonight Korean time.

On this day, Bitcoin (BTC), the No. 1 cryptocurrency by market capitalization, rose 3.32% compared to 24 hours ago. Ethereum (ETH) climbed 5.15%, and Binance Coin (BNB) gained 1.63%. Altcoins also rose in tandem, with Ripple (XRP) up 3.14%, Solana up 3.53%, and Tron up 0.36%. In addition, Hyperliquid (5.07%), Dogecoin (2.60%), and Zcash (9.55%) recorded substantial gains.

In the short term, there is a possibility that U.S. macroeconomic indicators will determine the direction of the coin market. The U.S. PPI is a key inflation indicator that shows price trends at the production stage, and it also has a direct impact on expectations for the Federal Reserve's (Fed) future monetary policy. Market participants are closely watching whether the upward trend of major coins, including the currently surging Bitcoin, will continue after the PPI announcement.

Meanwhile, the U.S. June Consumer Price Index (CPI) announced on the 14th (Korean time) previously showed a 3.5% increase compared to the same month last year.

[※ This article is not a solicitation for investment and should only be used as a reference for investment decisions.]

Oseong Kwon
Staff Reporter

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