Bitcoin Holds Steady Amid Improved Fed Rate Hike Outlook

Bitcoin held steady around $63,900 following the release of US Producer Price Index data that came in lower than expected. The PPI rose 4.7% annually compared to a forecasted 4.9%, driven by falling energy prices.

This contributed to a 65.6% probability that the Federal Reserve will keep interest rates unchanged in September, according to analysts.

However, Bitcoin still faces resistance near $64,000, $65,000 amid geopolitical uncertainties and mixed ETF inflows.