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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.
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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.
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news.bitcoin.com
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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Bitcoin slips below $80,000 as inflation concerns trigger crypto selloff
Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.
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Bitcoin Slides Below $79K as Trump’s Iran Threat Sends Oil Past $105
Bitcoin slips under $79K and oil surges past $105 after the U.S.-China summit ends without a tech breakthrough.
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Bitcoin Slides to $77,614 as US and Israel Weigh New Strikes on Iran
Bitcoin slips under $78,000 as escalating U.S.-Iran tensions spark a $700 million crypto liquidation event.