$BTC Market News | Bitcoin Slides Below $81,000 as a Shock-Hot PPI Pushes Yields Down Instead of Up
Bitcoin has fallen below $81,000 to around $80,559, down more than 2% over 24 hours, after US producer prices came in far hotter than forecast. XRP, ether at $2,347.79 and solana slid further. What makes the session unusual is the reaction elsewhere: Treasury yields fell, gold rose and the dollar weakened — the opposite of what a hot inflation print normally produces.#WarshPushesToScaleBackForwardGuidanceAndDotPlot #BlackRockCryptoAssetsJump63% #EtherTook60%OfCryptoLiquidations #CPIWatch #SouthKoreaPlansTighterCybersecurityRules
Bitcoin has fallen below $81,000 to around $80,559, down more than 2% over 24 hours, after US producer prices came in far hotter than forecast. XRP, ether at $2,347.79 and solana slid further. What makes the session unusual is the reaction elsewhere: Treasury yields fell, gold rose and the dollar weakened — the opposite of what a hot inflation print normally produces.#WarshPushesToScaleBackForwardGuidanceAndDotPlot #BlackRockCryptoAssetsJump63% #EtherTook60%OfCryptoLiquidations #CPIWatch #SouthKoreaPlansTighterCybersecurityRules