US PPI Hits 6.5% as Bitcoin and Ether Edge Higher

The softer-than-forecast inflation prints would normally be read as easing pressure on risk assets, yet the muted crypto response and the rate market's continued lean toward a December hike suggest macro positioning still hinges on Fed expectations rather than a single data point. Crypto's reaction looks tentative rather than conviction-driven. The gap between cooling inflation data and persistent hike pricing is the tension worth watching, since it will shape how digital assets absorb the next macro signal.