Bitcoin slips under $80K after US PPI gains most in four years
Summary
Bitcoin dropped below the eighty thousand dollar mark following a stronger than expected rise in United States producer inflation. Buyers attempted to defend this key support level after the monthly inflation metric posted its largest increase in over two years.
BTC buyers attempted to defend $80,000 support after September US producer inflation overshot expectations by 100 basis points for the largest monthly gain since March 2022
Source: Read the full story at Cointelegraph.com News
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.