Bitcoin slides toward $79K as US PPI inflation hits highest since 2022
Bitcoin (BTC) fell below the $80,000 threshold during Wednesday’s Wall Street open, as fresh U.S. inflation data intensified concerns about prolonged monetary tightening. The Producer Price Index (PPI) for April rose at its fastest pace since March 2022, compounding inflationary pressures already stoked by the ongoing US-Iran conflict and elevated oil prices. PPI surge adds […]
