**Bitcoin Holds Steady Amid Global Market Moves**
Bitcoin (BTC) remained below $60,000 on August 13, showing little reaction to global economic shifts. Despite Japan's Nikkei 225 rebounding 3.45% and US markets opening strong, BTC/USD stayed flat.
- **Market Highlights:**
- Nikkei 225 recovered from record losses, closing at 36,232 points.
- US S&P 500 and Nasdaq Composite Index rose 0.8% and 1.4%, respectively.
- The Producer Price Index (PPI) for July was lower than expected, fueling speculation of a Federal Reserve rate cut.
- **Crypto Insights:**
- Traders noted minor BTC price movements following the PPI release.
- Attention now shifts to the upcoming Consumer Price Index (CPI) data on August 14.
- Analysts suggest CPI results could influence the Fed's rate cut decision in September.
- **Future Projections:**
- Some experts predict Bitcoin could hit new all-time highs by September or October if it breaks the $60,000 mark.
Investors are advised to stay cautious and conduct thorough research before making any trading decisions.