CryptoMediumUpdated×2•Originally published 15 October 2026•Updated 15 October 2026•
1 min read
Bitcoin Breaches $80,000 Support as US Inflation Concerns Escalate
Key Facts
1Bitcoin price fell below the $80,000 support level following the release of September US Producer Price Index (PPI) data.
2The US PPI recorded its largest monthly gain since March 2022, overshooting expectations by 100 basis points.
Bitcoin BTC price briefly dropped below the $80,000 level following the release of hotter-than-expected US inflation data. Cointelegraph reported that the decline extends selling pressure after the September Producer Price Index recorded its largest monthly gain since March 2022.
The inflation reading, which overshot expectations by 100 basis points, has intensified concerns regarding Federal Reserve policy under Chair Kevin Warsh. This downward move follows data from October 12, 2026, showing UK retail sales grew by 1% year-on-year.