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      Gate Research: U.S. PPI Index Below Expectations, BTC Climbs Back to $60,000, Tether USDT Mints an Additional 1 Billion Tokens

      **Gate Research Daily Report, August 14: **BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.

      Market Analysis: BTC rebounds above $60,000, with BTC and ETH prices continuing to fluctuate.Top Performers: The top tokens in the past 24 hours are AGG, BCCOIN, and RUNECOIN.Futures Market: The BTC buy-sell ratio is positive, and the BTC/ETH long-short ratio across all contracts is predominantly long.Spotlight Analysis: BitGo wallet may have transferred $2 billion worth of Mt. Gox Bitcoin assets.Data Highlights: The U.S. Final Demand Producer Price Index (PPI) for July rose by 0.1%, below market expectations.Market Opportunities: Essential, Rivalz Network, and Autoverse Studios announced funding news, focusing on the application of AI and blockchain technology in gaming and other sectors.

      Explore today's details 👉🏻 Gate Research: U.S. PPI Index Below Expectations, BTC Climbs Back to $60,000, Tether USDT Mints an Additional 1 Billion Tokens

      Gate ResearchGate Research is a comprehensive blockchain and crypto research platform, providing readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.

      Click the Link to learn more 👉🏻 https://www.gate.io/explore

      Gateway to CryptoTrade over 1,700 cryptocurrencies safely, quickly, and easily on Gate.io

      Download Gate.io App / Web Client now>>>Follow us on Gate.io X (Twitter) to get more bonuses>>>Join our Telegram to discuss hot topics>>>Join our Global Community to get more updates>>>We provide 100% proof of reserve>>>Sign up to enjoy max. $6666 in rewards exclusively for new usersGet 40% commission from referrals

      Gate.io TeamAugust 14th, 2024

      Read the original article at gate-io

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