Bitcoin slips under $79K and oil surges past $105 after the U.S.-China summit ends without a tech breakthrough.

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.