Bitcoin Slips Under $77,000 as High US PPI, Oil Drive Risk Assets Lower

Bitcoin Slips Under $77,000 as High US PPI, Oil Drive Risk Assets Lower

Bitcoin drops as US bond yields hit a fresh 19-year high alongside hot PPI inflation and rising oil prices, piling pressure on crypto and risk assets.

Bitcoin falls on US PPI overshoot as 30-year bond yield hits new 19-year high

Bitcoin fell with US stocks as high inflation and a further surge in oil prices coincided with another multidecade high for US bond yields.

Bitcoin Price Crashes $1,200 As Treasury's Bond Rescue Backfires

The post Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires appeared first on Coinpedia Fintech News Bitcoin fell $1,200, dropping below $77,000 and now trading at $77,260.27, down 3.0% over 24 hours, after August Producer Price Index data came in hotter than expected. More than $190 million in long positions were liquidated within an hour of the move. The selloff comes as the Treasury’s $6 billion bond buyback failed to stop …

Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires

The post Bitcoin Price Crashes $1,200 As Treasury’s Bond Rescue Backfires appeared first on Coinpedia Fintech News Bitcoin fell $1,200, dropping below $77,000 and now trading at $77,260.27, down 3.0% over 24 hours, after August Producer Price Index data came in hotter than expected. More than $190...

PPI Day Is Here: 5 Altcoins to Risk on as 5.3% Decides Whether Crypto Pumps, Dumps or Goes Sideways

Higher inflation could strengthen rate-hike expectations and pressure altcoins. Softer producer inflation could improve risk appetite across crypto. Initial volatility could fade as traders wait for Friday's CPI data and further Federal Reserve signals. U.S. PPI data arrives today, with the 5.3% market expectation becoming the key level for traders. Higher reading may lead to higher rate concerns, and lower reading may lead to a better risk sent…

Bitcoin Slides Below $77,000 as Hot U.S. PPI Hits Crypto Market

Bitcoin falls below $77,000 after U.S. producer inflation rises 5.4%, while Ethereum, BNB, XRP and Solana lead broader crypto losses.