🚀 Bitcoin flirted with $69,000 but got shy at the last minute, pulling back after a brief surge. This tease coincided with the release of the U.S. Producer Price Index (PPI) for May, which was lower than expected, hinting at a slowdown in inflation. 📉

While this could have been a green light for risk assets and cryptos, Bitcoin played it cool. Jobless claims also beat expectations but failed to stir the market. 🤷‍♂️

Trader Skew commented, "Market is confused & chicken here imo. Next few hours will be interesting." Despite the PPI-related dip, the U.S. dollar didn't show much volatility.

Looking ahead, trading firm QCP Capital is feeling upbeat about U.S. financial policy for the rest of 2024. They anticipate a rate cut in September and potential approval of spot Ether ETFs as bullish factors. 🐂

So, while Bitcoin's immediate reaction was subdued, the broader outlook for Bitcoin and Ether remains optimistic. What's your take on this? Share your thoughts in the comments! 🎤 #DeFi #Web3 #CryptoNews