Bitcoin falls below $80,000 after U.S. PPI rises 6.0% above forecasts

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Bitcoin fell below $80,000 after April U.S. PPI rose 6.0% year over year, above the 4.9% consensus. Final demand PPI also rose 1.4% month over month versus 0.5% expected, while core PPI rose 1.0% on the month and 5.2% on the year. Bitcoin slid to about $79,706 with a session low near $79,557, while SPY fell and Treasury yields moved higher.

BTC2.04%
4-4.34%
CORE1.93%
ON-6.49%
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