Major digital assets posted gains on Wednesday, July 16, after core Producer Price Index (PPI) inflation data came in cooler-than-expected.

Bitcoin (BTC) is currently trading at $119,560, up 2.4% on the day, about 2.6% shy of its latest all-time high of $122,800, recorded on Monday, July 14.

Ethereum (ETH) jumped nearly 9% over the past 24 hours to trade around $3,312 — its highest price since February — making it the best performer today among the top-20 crypto assets. ETH has had a strong week, up over 25%.

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