Bitcoin Price Drops Below $80,000 as US PPI Rises 1.4% in April
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US Producer Price Index rose 1.4% in April 2026, the largest monthly gain since 1.7% in March 2022, signaling stronger inflationary pressure in macro data. Bitcoin reacted by sliding 1.33% below $80,000, ending a seven-week rally and turning bearish on the weekly chart, highlighting short-term risk for crypto markets as traders await further macro indicators.
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- The US Producer Price Index for April 2026 increased by 1.4%, according to reports.
- It is the highest increase in the US PPI since rising 1.7% in March 2022.
- Bitcoin’s price declined below $80,000 following the US PPI announcement.
The US Bureau of Labour Statistics released the Producer Price Index (PPI) for April this Wednesday, reflecting a 1.4% increase. It further reported that the April increase is the largest since rising 1.7% in March 2022. Meanwhile, Bitcoin’s price responded by pulling back 1.33% and giving up early gains for the day.
Wednesday’s Bitcoin price pullback means the cryptocurrency entered into a bearish weekly mode, after a seven-week uninterrupted rally. However, with more macroeconomic data expected, the cryptocurrency’s performance for the current week remains under observation, as traders await clear signals for BTC’s next phase…
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