Bitcoin slips under $80K after US PPI gains most in four years
60-second summary
Bitcoin slips below $80,000 after U.S. producer‑price index rises 0.1%—a 100‑basis‑point surprise and the strongest monthly gain since March 2022—prompting sellers to break the key support level. The inflation shock fuels expectations of tighter monetary policy, pressuring crypto assets and suggesting further downside momentum across the market. Investors remain cautious as volatility rises.
BTC buyers attempted to defend $80,000 support after September US producer inflation overshot expectations by 100 basis points for the largest monthly gain since March 2022