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Thinking with your PPI 🤔

Thinking with your PPI 🤔

Bitcoin's price tumbled following Thursday's hotter-than-expected PPI report, as traders abandoned hopes of a 50-basis-point rate cut.

Stephen Graves
August 15, 2025

📝 What you need to know

The crypto market’s upward momentum came to a screeching halt Thursday, as the Producer Price Index (PPI) report came in hotter than expected. The index, which tracks price changes of goods and services, jumped 0.9% for July—its largest monthly gain in more than three years.

Traders’ hopes of a jumbo rate cut by the Fed in September accordingly took a knock—sparking a cascade of crypto liquidations.

The uncertainty was compounded by U.S. Treasury Secretary Scott Bessent’s wavering on whether the country would or wouldn’t buy Bitcoin for its strategic reserve to supplement its acquisitions from criminal seizures.

But it’s not all bad news; analysts told Decrypt that rising global liquidity in Q4 could pour fuel on a crypto rally.

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After disappointing Bitcoin fans with earlier comments, Treasury Secretary Scott Bessent said the U.S. may buy BTC for its reserve after all.

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💬 Quote of the Day

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“Treasury is committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve, and to execute on the President’s promise to make the United States the ‘Bitcoin superpower of the world’.”

U.S. Treasury Secretary Scott Bessent backtracks on his previous statement that the country would not buy Bitcoin for its strategic reserve.

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🕵🏻‍♀️ Editor’s Picks

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Jack Dorsey's Block Reveals Modular Bitcoin Mining Rigs That Can Be Upgraded

Jack Dorsey's Block has released a new, long-lasting Bitcoin mining rig in the X co-founder's latest BTC push.

📚 Watch and Learn

📹️ WATCH: CRYPTO DROPS AFTER PPI, HUGE LIQUIDATIONS, TRUMP-PUTIN TO MEET

Crypto drops after hot US PPI, $1.1bn of liquidations. US only wants budget neutral BTC accumulation. US government owns $24b crypto: Arkham.

🎓️ What is XRP? A Cryptocurrency Created For the Financial Sector

XRP is designed to help banks move money more quickly and cheaply than existing methods.

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