Data from Cointelegraph Markets Pro and TradingView showed a lackluster Wall Street open for BTC/USD, which contrasted with stock markets.

The bullish mood was led by Japan on the day, which saw the Nikkei 225 completely recover its record losses from earlier in the month. The index closed at 36,232 points, up 3.45% on the day.

US equities also posted a promising start, with the S&P 500 and Nasdaq Composite Index up 0.8% and 1.4%, respectively, within the first hour.

That strong performance was aided by the July print of the Producer Price Index (PPI), which came in below expectations — a key driver behind bets of interest rate cuts and increased capital flowing to risk assets.