Skip to content

Hot PPI Print Pauses Crypto’s Rally, But Demand Still Absorbs Supply

Your daily access to the back room.

Key Takeaways

  • July U.S. PPI came in at +0.9% MoM vs. +0.2% expected, the biggest monthly gain in 3 years, briefly pressuring risk assets. This caused BTC to fall from the $121K price region to $117.1K before stabilizing above $118.5K; ETH also pulled back from $4.8K toward $4.6K.
  • The volatility was marked by Deribit posting a record $10.9 billion daily options volume; leverage in ETH and altcoins remained elevated at near-record OI levels.

This post is for paying subscribers only

Subscribe

Already have an account? Sign In

Latest

Coinbase Resumes India Operations After Two-Year Absence

Coinbase Resumes India Operations After Two-Year Absence

Coinbase has resumed onboarding users in India after more than two years, marking the cryptocurrency exchange's return to a market it exited in 2023 following regulatory disputes over payment infrastructure. The exchange is now allowing new registrations and crypto-to-crypto trading, with plans to reintroduce fiat on-ramp services next