Bitcoin climbs above $70K and gold rises after cooler PPI report

A softer October producer price reading trimmed odds of a larger December Fed hike, giving Bitcoin and gold a modest lift Bitcoin pushed back above $70,000 on November 13, 2026, after a producer inflation report came in a touch cooler than Wall Street expected. Gold followed it up, trading above $3,900 per ounce. The moves were modest. Bitcoin gained approximately 1-1.35%, and gold added around 0.6-1%. Still, in a week when inflation data has been running hot, even a small miss in the right direction was enough to change the mood. The US Bureau of Labor Statistics published its producer price index for October on November 13. Headline PPI rose 0.3% month over month. Forecasts had called for 0.4%.

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