PPI has exploded, the Federal Reserve is once again in trouble, and holding BTC at $60k is a victory.

Crypto World News reports that the U.S. Producer Price Index (PPI) rose 1.1% in May, far exceeding Wall Street's expected 0.6% increase, with an annual growth rate reaching 6.5%. This data has increased market uncertainty about Federal Reserve policies, causing Bitcoin prices to retreat to around $62,500. Despite the pressure, Bitcoin remains above a key support zone, and analyst Daan Crypto Trades pointed out that if it can stay above $60,000, it may attempt a rebound. Meanwhile, crude oil prices rose to $90.8 per barrel due to Trump's comments about possible military action against Iran, further increasing inflationary pressures in the market.