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Bitcoin could recover toward $87,000 and eventually exceed $90,000, according to 21shares strategist Matt Mena. He linked the outlook to renewed buying after softer-than-expected producer inflation, while identifying support and resistance levels that would shape the recovery.

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US producer inflation rises to 6.5%, its highest since 2022, while Nasdaq falls 1.4% and Bitcoin trades near $68,500 amid Fed rate hike fears.

 

The Federal Reserve is examining whether AI will lower prices or keep inflation elevated, a question that could shape interest rates and the outlook for crypto.

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The minimum was $50 million a year earlier. The CEO thanked the team and partners for efforts to broaden access to participation.