TREE NEWS reports: Bitcoin fell below $80,000 after September US producer price inflation overshot expectations by 100 basis points, the largest monthly gain since March 2022. BTC buyers attempted to defend the $80,000 support level following the hotter-than-expected PPI print.
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.
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