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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.
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Gate.io TeamAugust 14th, 2024
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