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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
Live markets: Bitcoin briefly falls below $80,000, as stocks tumble, yields rise on ugly inflation print
Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report.
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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.
