Two catalysts caught the market off guard:
- Hotter U.S. PPI: Producer prices surprised to the upside, with the annual headline rate at 3.3%, roughly 0.8pp above forecasts. The print points to persistent inflation pressure and raises the risk that Chair Powell delays monetary easing—keeping less liquidity available for risk assets like Bitcoin and altcoins in the near term.
- U.S. Treasury stance on BTC purchases: Treasury Secretary Scott Bessent said the government would not buy Bitcoin for a national reserve, preferring to build it from seized assets instead. He later clarified that “budget-neutral” methods are still being evaluated, but the initial comment weighed on sentiment.
At the time of writing, Bitcoin is trading near $119,100 and showing early signs of stabilizing. Ethereum changes hands around $4,640, down about 2.1% day over day.
Unlike BTC, Ether found a partial cushion from fresh ETF inflows totaling about $120 million this week. On Monday, daily net flows crossed the billion-dollar mark, underscoring persistent institutional interest. Combined with corporate treasury accumulation from firms such as BitMine and SharpLink, ETH has climbed more than 100% since late June—yet many models and desk strategists still see room for upside into the back half of 2025.
Earlier, FORECK.INFO broke down the post-ATH playbook for BTC — the key support/resistance levels and on-chain signals traders watch when price slips back under $120K.