📉 BTC Dips Below $80K on Hot PPI Inflation Shock Hotter-than-expected U.S. PPI sent Bitcoin under $80K as rate-cut hopes fade.
🔥 Inflation Data
🔹 April PPI surged 1.4% MoM vs 0.5% expected, pushing annual PPI to 6%. Core PPI rose 1% MoM and 5.2% YoY. Follows hot CPI at 3.8% YoY, with Iran oil risks fueling inflation fears.
₿ Crypto Market
🔹 BTC fell below $80K, now near $80K, down 0.8% in 24h. ETH, SOL, XRP slipped too. Analysts warn a break below $80K could see $78K, then $75K. Holding $82K may open a move to $85K–$90K.
📊 Stocks Mixed
🔹 Crypto stocks mostly lower: Coinbase, Robinhood, Bullish, Gemini fell. eToro jumped 9% reaffirming crypto focus. Miners Core Scientific & Cipher Mining +5%+. Nasdaq 100 +0.5%, S&P 500 +0.3%.
🏛️Policy Watch
🔹 Kevin Warsh confirmed as Fed Chair 54-45 as inflation pressures mount. Senate Banking Committee holds Clarity Act markup Thursday.
🧠 Trader Take
🔹 Arthur Hayes: Spiking 10Y yields near 4.5% may force a Trump-China deal. He’s buying dips. 21Shares’ Matt Mena calls this the “final flush of weak hands” before bullish catalysts return.
#Bitcoin #Inflation #CryptoNews #Macro
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