Bitcoin (BTC) is approaching $61,500 ahead of the Wall Street open on October 11, while the cryptocurrency market has ignored new inflation data from the US. According to Cointelegraph Markets Pro and TradingView data, BTC reached $61,476 on Bitstamp. The Producer Price Index (PPI) exceeded expectations and was announced at 1.8%. This indicated that inflationary pressures are increasing. While the Fed’s interest rate cut discussions continue, crypto assets and risky assets have moved in different directions. The BTC price’s recovery of the $60,600/800 level suggests that the $62,000 resistance could be tested. Share your views in the comments.