{"id":117779,"date":"2025-08-15T13:37:00","date_gmt":"2025-08-15T09:37:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=117779"},"modified":"2025-08-15T11:48:37","modified_gmt":"2025-08-15T07:48:37","slug":"bitcoin-pulls-back-from-record-high-as-hot-u-s-ppi-data-tempers-fed-easing-bets","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-pulls-back-from-record-high-as-hot-u-s-ppi-data-tempers-fed-easing-bets\/08\/15\/market-updates\/","title":{"rendered":"Bitcoin Pulls Back from Record High as Hot U.S. PPI Data Tempers Fed Easing Bets"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month.<\/p>\n\n\n\n<p>The world\u2019s largest cryptocurrency fell <strong>2.2% to $119,112.5<\/strong> as of 02:04 ET (06:04 GMT), after touching an all-time high of <strong>$124,436.8<\/strong> in the previous session. The pullback followed Thursday\u2019s release of hotter U.S. PPI figures, which also pressured other major digital assets.<\/p>\n\n\n\n<p><strong>Fed Cut Hopes Recalibrated<\/strong><br>U.S. <strong>producer prices<\/strong> surged <strong>0.9% month-on-month<\/strong> in July, the biggest increase since June 2022 and well above forecasts of <strong>0.2%<\/strong>. The data revived inflation concerns and reduced the likelihood of a <strong>50-basis-point rate cut<\/strong> in September. Money markets now assign roughly a <strong>90% probability<\/strong> to a smaller <strong>25-basis-point cut<\/strong>, with the dollar strengthening as a result.<\/p>\n\n\n\n<p>The shift in rate expectations weighed on risk assets, including cryptocurrencies, which had rallied earlier in the week on softer consumer inflation and renewed institutional interest.<\/p>\n\n\n\n<p><strong>Trump-Linked Bitcoin Miner Eyes Asia Expansion<\/strong><br>The <em>Financial Times<\/em> reported Friday that <strong>American Bitcoin<\/strong>\u2014a U.S. mining firm backed by Donald Trump Jr. and Eric Trump\u2014plans to acquire listed companies in Japan and potentially Hong Kong to build a bitcoin reserve, emulating Michael Saylor\u2019s \u201cStrategy\u201d model. The firm, set to go public in September via a reverse merger with <strong>Gryphon Digital Mining<\/strong>, is exploring overseas \u201caccretive opportunities\u201d but has made no binding commitments.<\/p>\n\n\n\n<p><strong>Altcoins Retreat in Tandem<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong> fell <strong>2.9% to $4,639.89<\/strong> after approaching record highs on Thursday.<\/li>\n\n\n\n<li><strong>XRP<\/strong> declined <strong>4.1% to $3.13<\/strong>.<\/li>\n\n\n\n<li><strong>Solana<\/strong> dropped <strong>5.1%<\/strong>, <strong>Cardano<\/strong> lost over <strong>6%<\/strong>, and <strong>Polygon<\/strong> slid <strong>5.5%<\/strong>.<\/li>\n\n\n\n<li>Among meme coins, <strong>Dogecoin<\/strong> tumbled <strong>7%<\/strong>, while <strong>$TRUMP<\/strong> fell <strong>5.6%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>While momentum in crypto markets remains underpinned by long-term institutional adoption trends, near-term price action is increasingly sensitive to U.S. macroeconomic data and shifting Fed rate expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin retreated on Friday, reversing from record highs above $124,000 as stronger-than-expected U.S. producer price data cooled expectations for aggressive Federal Reserve rate cuts next month. The world\u2019s largest cryptocurrency fell 2.2% to $119,112.5 as of 02:04 ET (06:04 GMT), after touching an all-time high of $124,436.8 in the previous session. The pullback followed Thursday\u2019s &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98174,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,36],"tags":[],"class_list":["post-117779","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117779"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117779\/revisions"}],"predecessor-version":[{"id":117780,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117779\/revisions\/117780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98174"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}