Announcements Gate Research: U.S. PPI Index Below Expectations, BTC Climbs Back to $60,000, Tether USDT Mints an Additional 1 Billion Tokens

Gate Research: U.S. PPI Index Below Expectations, BTC Climbs Back to $60,000, Tether USDT Mints an Additional 1 Billion Tokens

2024-08-14 13:41:25 UTC 6374 Read

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**Gate Research Daily Report, August 14:  **BTC prices have returned above $60,000, while ETH remains volatile. The market shows an optimistic bullish sentiment. The U.S. July PPI growth was below expectations, affecting the Fed's interest rate cut outlook. BitGo wallet transferred a large amount of Mt. Gox Bitcoin assets, and Aethir Foundation opened community reward claims.

**Market Analysis:** BTC rebounds above $60,000, with BTC and ETH prices continuing to fluctuate.
**Top Performers:** The top tokens in the past 24 hours are AGG, BCCOIN, and RUNECOIN.
**Futures Market:** The BTC buy-sell ratio is positive, and the BTC/ETH long-short ratio across all contracts is predominantly long.
**Spotlight Analysis:** BitGo wallet may have transferred $2 billion worth of Mt. Gox Bitcoin assets.
**Data Highlights:** The U.S. Final Demand Producer Price Index (PPI) for July rose by 0.1%, below market expectations.
**Market Opportunities:** Essential, Rivalz Network, and Autoverse Studios announced funding news, focusing on the application of AI and blockchain technology in gaming and other sectors.

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August 14th, 2024

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Gate Research: U.S. PPI Index Below Expectations, BTC Climbs Back to $60,000, Tether USDT Mints an Additional 1 Billion Tokens

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