🚀 Bitcoin is back in action! As Wall Street opened on July 12, BTC flirted with $58K thanks to a spicy U.S. Producer Price Index (PPI) report. The PPI hit 2.6% YoY, beating expectations and giving BTC a boost despite mixed CPI data. 📈

Trader Skew says the market is bracing for reality, but BTC/USD showed resilience. The U.S. Dollar Index dipped, and Binance’s order book looks “pretty healthy.” Could this be the start of a longer-term recovery? 🤔

What do you think? Will BTC break $58,350 and rally to $60,600? Drop your thoughts in the comments! #Bitcoin #Crypto #DeFi