Bitcoin dropped 3% to $78,800, the lowest level in 7 days.


Here is the timeline:
1. April PPI prints 6%, well above forecasts
2. This comes 24 hours after CPI hit 3.8%, hottest in 3 years
3. Brent crude holds at $107 on Iran war supply risks
4. CME FedWatch now prices zero cuts through 2026
5. Bank of America pushes first cut to H2 2027
6. Coinbase Premium Gap turns deeply negative
7. US investors lead the selloff
Bitcoin's reaction: -3% to $78,800.
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