Bitcoin traded above the $61,000 mark, after the latest release of the highly anticipated U.S. Producer Price Index (PPI) data. Notably, the crypto market was eagerly waiting for the crucial inflation data, amid soaring concerns over the U.S. Federal Reserve’s policy rate plans. Meanwhile, the latest data showed that the U.S. PPI for April soared 0.5%, more than what the market was expecting. The post Breaking: Bitcoin Holds The $61K Mark Despite Gloomy US PPI Data appeared first on CoinGape .