Soft Producer Price Data Boosts Digital Assets, Bitcoin Clears $113K

Crypto Prices Edge Higher on PPI Miss; Fed Cut Bets Intensify
Bitcoin and ether advanced after U.S. PPI unexpectedly declined in August, bolstering expectations for rate cuts. BTC rose above $113,700, ETH added 1%, and SOL jumped 3.3%.
The odds of a 50-basis-point Fed cut climbed to 10% following the data. Still, bitcoin’s uneven response to recent dovish catalysts raises caution, with traders waiting for Thursday’s CPI to set the tone for next week’s FOMC decision.