🔹 Bitcoin remains below $60,000: Despite global market movements, Bitcoin (BTC) has not managed to break the $60,000 barrier as of August 13.
📈 Japanese stocks recover: Japan's Nikkei 225 fully rebounded from a historic drop, closing at 36,232 points, a 3.45% increase.
📊 US stocks follow suit: The S&P 500 and Nasdaq Composite Index saw early gains of 0.8% and 1.4%, respectively, driven by positive Producer Price Index (PPI) data.
💵 Interest rate cut expectations: The PPI data fueled speculation of a 0.5% rate cut by the Federal Reserve in September, compared to previous expectations of a 0.25% cut.
📉 Bitcoin price movement: Traders noted that macroeconomic data often leads to short-term fakeout moves in the crypto market, with a focus now shifting to the upcoming Consumer Price Index (CPI) data on August 14.
📊 Key levels to watch: Exchange order books show increasing bids around $58,000 and asks at $60,000 as the spot price hovers.
🎯 Bitcoin's all-time high forecast: Trading experts are eyeing September/October for Bitcoin to potentially hit new all-time highs, contingent on breaking the $60,000 level.
