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Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock
Bitcoin plunges to $78,704 amid rising U.S.-Iran tensions and accelerating wholesale inflation. Analysts warn of Federal Reserve tightening.
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coindesk.com
Why is bitcoin down today: Hotter-than-expected inflation data knocks BTC below $80,000
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.
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cryptobriefing.com
Hot producer prices torch rate cut hopes and drag crypto lower
April's Producer Price Index surged 1.4% MoM, nearly triple expectations, pushing rate hike odds to 39% and dragging Bitcoin below $80K.
