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Bitcoin stays flat at $26K after PPL data as markets await Fed’s Powell

80bac479-9165-4e4c-b97e-179b5c92ebc2.jpg

BTC price action shrugs off the latest signs that inflation is receding, with Bitcoin traders focused on Fed comments.

Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.

5f931e7d-7853-497a-b19e-65e192f207a4.pngBTC/USD 1-hour candle chart on Bitstamp. Source: TradingView

PPI offers Bitcoin bulls little fuel

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD staying stubborn as Producer Price Index (PPI) data showed U.S. inflation continuing to slow.

US PPI just came in:

-0.3% vs 0.2% previously
-0.1% was predicted

Just like yesterday, was lower than the predictions, furthering the likelihood of a pause at tomorrows #FOMC meeting. https://t.co/SymSTWwHSS

— Decentrader (@decentrader) June 14, 2023

In line with its reaction to the Consumer Price Index (CPI) print the day prior, the pair failed to offer traders volatility, sticking to a familiar range between various moving averages.

Market commentators thus turned to the day’s upcoming Federal Reserve decision on interest rates, as well as subsequent comments from Chair Jerome Powell, for a source of inspiration.

Big Day!

8:30am ET PPI Data should trigger some volatility. #TradFi and #Crypto markets want to see PPI trending down, but the BIG story of the day is the 2pm FED Decision and longer range interest rate projections.

Regardless of the 2pm Decision, #JPow's comments at 2:30pm… pic.twitter.com/osrjCiAgcr

— Material Indicators (@MI_Algos) June 14, 2023

“Happy hawkish pause day!” financial commentator Tedtalksmacro wrote in part of the day’s analysis.

Tedtalksmacro referenced major U.S. bank projections for the Fed to halt its rate hike cycle in place since late 2021.

The latest data from CME Group’s FedWatch Tool continued to fall in line with the forecast, showing 92% odds of a rate hike pause at the time of writing.

c487da0a-e2b7-438c-b743-0c0171688af5.pngFed target rate probabilities chart. Source: CME Group

Beyond the rate decision, U.S. dollar strength formed a topic of debate among Bitcoin analysts, with Crypto Ed eyeing a potential bounce from support that could cause problems for BTC/USD.

“DXY reached green box and bouncing a bit,” he commented alongside a chart of the U.S. dollar index (DXY).

“If this means its correction is finished and it continues its way up, I’m expecting pressure on BTC.”
U.S. Dollar Index (DXY) charts. Source: Crypto Ed/Twitter

Nearly three months of BTC price “falling wedge”

When it comes to BTC price action overall, popular trader and analyst Rekt Capital adopted a more optimistic view.

Related: SEC, CPI and a ‘strong rebound’ — 5 things to know in Bitcoin this week

Despite the tense atmosphere on the back of negative catalysts, specifically the U.S. legal onslaught against major exchanges, he noted that BTC/USD had fallen less than 20% below its local highs of $31,000 from April.

#BTC has only retraced -19% since its mid-April local top

With all the negative catalysts and FUD, one would've instinctively felt that the retrace was so much deeper than that$BTC #Crypto #bitcoin

— Rekt Capital (@rektcapital) June 14, 2023

Fellow trader Moustache likewise adopted a positive take on the current scenario, arguing that on longer timeframes, recent events had left BTC price action little changed.

#Bitcoin - Update

Today FOMC takes place and $BTC still looks like this.

- In a Falling Wedge for 2.5 months
- Above the EMA 21 (bull market line) pic.twitter.com/dWjLbJ3VMZ

— ⓗ (@el_crypto_prof) June 14, 2023

Magazine: Tornado Cash 2.0: The race to build safe and legal coin mixers

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Source

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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