Bitcoin broke above $65,000 on Wednesday morning at 8:30 a.m. EDT, after a softer-than-expected U.S. producer price report lifted stock futures, crypto, and gold, even as Middle East supply fears kept oil prices near multi-year highs.
Key Takeaways
The BLS reported June PPI at 5.5%, below forecasts, on July 15, 2026. Bitcoin hit $65,494 intraday on Wednesday July 15, 2026 at 8:30 a.m. EDT.Brent crude traded above $85 as Strait of Hormuz tensions kept oil elevated.Profit-taking near the highs, combined with pressure from rising oil prices, kept several digital assets from holding their session peaks.
Chip Stocks Lead Wall Street HigherU.S. equity futures rose in early trading. S&P 500 futures gained between 0.03% and 0.38%, trading near 7,543 to 7,593. Nasdaq-100 futures climbed 0.24% to 0.90%. Dow Jones Industrial Average futures held mostly flat near 52,500 to 52,789.
Energy stocks traded mixed. Producers benefited from higher crude prices while airlines and consumer-facing companies faced added cost pressure. Chip-related names in Taiwan and South Korea also gained, extending the rally across global markets.
Oil Stays Elevated on Hormuz RiskThe Strait of Hormuz, which carries roughly 20% of the world’s oil supply, remained the focal point. Reports of military activity and incidents involving commercial tankers pushed up shipping insurance costs and led some vessels to reroute.
What It All Means
