Bitcoin Slips Below $80K After US PPI Posts Biggest Monthly Gain in Four Years

The significance here is the macro channel, not the price level: a PPI overshoot of that magnitude revives the case for tighter-for-longer policy, which has been the dominant headwind for crypto risk appetite. The buyers defending $80,000 suggest that level has become a psychological line in the sand, and the fact that it is being tested on an inflation surprise rather than a crypto-specific shock matters. The open question is whether this is a one-print reaction or the start of a broader repricing of rate expectations — watch how the next inflation data lands relative to this.