Bitcoin just lost $80k because US PPI hit 6% matching 2022 levels, stoking inflation fears
Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557. The...
Bitcoin 1 Minute
A notable development has hit the crypto markets. Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557. The break turned $80,000 from a round-number reference into the first tactical line for intraday structure.
Bitcoin price decline alongside rising US Treasury yields, oil prices, and US dollar index The move followed the April US Producer Price Index. Final demand PPI rose 1. 4% month over month, far above the 0.
Market Dynamics
5% consensus and the prior 0. The annual rate accelerated to 6. 0% month over month against expectations for 0.
3%, while core PPI year over year moved to 5. Trading Economics data also shows the narrower measure excluding food, energy, and trade services also firmed, rising 0. 6% month over month and 4.
PPI data (source: Tradingeconomics) The PPI surprise followed yesterday’s CPI report, in which headline consumer inflation accelerated to 4. 8% year over year from the prior 3. 3% reading, above expectations of 4.
Market Impact
Related Reading Bitcoin was waiting for cuts. Hot CPI inflation data just put hikes back on the table A hotter-than-expected inflation report could pressure Bitcoin by delaying Fed rate cuts and tightening liquidity. May 13, 2026 Gino Matos That mix changes the market’s inflation map.
A broad upside miss in producer prices pressures the Fed's path because it feeds directly into the cost pipeline and parts of the PCE calculation. It also reduces room for a benign rate reaction when energy is rising at the same time. The cross-asset response clearly showed the repricing.
SPY sold off from above $740 to $737, with a lower wick extending toward $735. Long-end rates moved higher, with the 30-year Treasury yield around 5. 034% and the 10-year yield around 4.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
