Bitcoin Risks Sub-$80,000 ‘Volatile Retest’ After US PPI Overshoot

Bitcoin price today: BTC falls 3.6% as US wholesale inflation jumps 1.3% in September

Bitcoin price today fell 3.6% to around $81,500 as US wholesale inflation jumped 1.3% in September, raising concerns over the Fed's next rate decision.

Bitcoin Risks Sub-$80,000 ‘Volatile Retest’ After US PPI Overshoot

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

Bitcoin Briefly Slides Below $80,000 On Hot Inflation Data

Bitcoin’s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data.  The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York.  Over a 24-hour period, it’s only down over 1% after making a recovery. But over the past week, it’s shed nearly 3% of its value.  Data Thursday from the Labor Department’s Bureau of Labor Statistic…

Bitcoin Falls Below $80K as US PPI Jumps to a 4-Year High

Bitcoin slipped below $80,000 on Thursday as US inflation data landed far hotter than expected, briefly shaking risk sentiment across markets. The move came after September Producer Price Index (PPI) figures overshot forecasts, adding to a volatile backdrop that has already been shaped by a stronger-than-expected US Consumer Price Index (CPI) release. Despite the intraday [...]

BREAKING! US PPI Data Released! What Was Bitcoin’s (BTC) Initial Reaction?

US Producer Price Index (PPI) data has been released. How did Bitcoin (BTC) and the Dollar (DXY) react after the data was released? Continue Reading: BREAKING! US PPI Data Released! What Was Bitcoin’s (BTC) Initial Reaction?