Bitcoin Price Drops Below $80,000 as US PPI Rises 1.4% in April
The post Bitcoin Price Drops Below $80,000 as US PPI Rises 1.4% in April appeared on BitcoinEthereumNews.com. 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. What Rising PPI Means