U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and Iran-related supply risks may feed another inflation wave.

Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report.

U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and Iran-related supply risks may feed another inflation wave.

Bitcoin plunges to $78,704 amid rising U.S.-Iran tensions and accelerating wholesale inflation. Analysts warn of Federal Reserve tightening.

Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.

Bitcoin falls below $79,000 amid bond yield and inflation concerns. Bitcoin above $80K by May 17 at 32% YES.