Bitcoin gains briefly after softer US producer inflation reading
Bitcoin recovered toward $70,000 after a US PPI report came in below expectations, but the broader crypto market remains under pressure.
Bitcoin recovered toward $70,000 after a US PPI report came in below expectations, but the broader crypto market remains under pressure. Bitcoin (BTC) is trading at ₹64,65,128 ($68,715.00). This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Fri, 13 Nov 2026 16:45:02 UTC.
The reaction shows that Bitcoin remains sensitive to shifts in US inflation expectations, while the negative daily and weekly performance indicates that the relief rally has not reversed the recent downturn.
- Bitcoin rebounded toward $70,000 after trading below $69,000
- BTC remains down 3.61% over 24 hours and 9.10% over seven days
- Total crypto market capitalization stands at $2.39 trillion
- Extreme Fear persists despite the brief market relief
Crypto.news reported a short-lived improvement in crypto markets after US producer inflation data came in softer than expected on Friday. 
Bitcoin initially recovered toward $70,000 following heavy selling that pushed the asset below $69,000 earlier in the session.
The rebound was modest relative to the preceding decline. At the time of the market snapshot, Bitcoin traded at $68,732, down 3.61% over 24 hours and 9.10% over seven days. Its market capitalization was $1.38 trillion, while the total crypto market was valued at $2.39 trillion.
Crypto.news characterized the move as a brief recovery rather than a decisive reversal. The broader crypto market remained broadly lower, showing that the positive reaction to the producer inflation report did not restore positive performance across the sector.
Market sentiment also remained defensive. The Fear & Greed index stood at 20, classified as Extreme Fear, underscoring the weakness surrounding the short-term Bitcoin bounce.
The next phase will depend on whether Bitcoin can sustain any improvement following the inflation-driven relief and whether the broader market can move beyond its current broadly negative session. US inflation data and the persistence of extreme fear sentiment are the principal conditions to monitor.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹64,66,727.61$68,732.00 to ₹64,65,128.15$68,715.00 — -0.02%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $65,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹14.16M 24h volume, resolves Jan 1 — snapshotted when this brief published (Nov 13 15:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹6.85M (about $68,715.00), down 4.0% over 24 hours. The rupee itself trades about 5.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Bitcoin gains briefly after softer US producer inflation rea — questions & answers
What triggered Bitcoin's brief rebound?
Crypto.news linked the recovery to a softer-than-expected US producer inflation report released on Friday.
How is Bitcoin performing despite the relief bounce?
Bitcoin is down 3.61% over 24 hours and 9.10% over seven days, trading at $68,732 in the supplied snapshot.
What does the Fear & Greed index show?
The index stands at 20, which is classified as Extreme Fear.
How much is 1 Bitcoin worth in rupee today?
About ₹6.85M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $68,715.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.