✉news BusinessCrypto first seen 28 d ago, last 28 d ago, peak #34
Bitcoin falls below $80,000 after hot US inflation data
Original: Bitcoin slips under $80K after US PPI gains most in four years
Bitcoin dropped below $80,000 after new US producer price data showed the biggest rise in four years, shaking hopes of near-term interest rate cuts. The hotter-than-expected inflation print weighed on risk assets, with crypto markets among the first to react. Traders are watching whether further weakness follows as inflation concerns return.
Why now: Hot US producer price inflation revived fears that interest rates will stay higher for longer, hitting risk assets like bitcoin.
BitcoinUS Federal ReserveUnited States
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