Bitcoin Breaks Below $80,000 Support Following US Inflation Surprises

Key Facts

1Bitcoin price fell below $80,000 on Oct. 15 following two consecutive US inflation reports that exceeded forecasts.

2September CPI accelerated to 3.7% from 3.4%, while producer prices jumped 1.3% in the largest monthly rise since March 2022.

Bitcoin price fell below $80,000 on October 15, 2026, following two consecutive US inflation reports that exceeded forecasts. CryptoSlate reported that the September Consumer Price Index (CPI) accelerated to 3.7% from the previous 3.4%, while producer prices jumped 1.3% in the largest monthly rise since March 2022.

The persistent inflationary pressures signaled by the data reduced expectations for imminent monetary easing, strengthening the dollar and weighing on risk assets. This downward move follows a week of existing pressure on the cryptocurrency, leading to the breach of the significant $80,000 psychological support level.