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Crypto

Bitcoin slips to $79,000 range as U.S. PPI fears weigh

Bitcoin retreated to the $75,000 range after a shock from the U.S. producer price index (PPI) data. Cointelegraph reported that the price fell sharply after the April PPI release. Stronger-than-expected CPI and PPI readings increased pressure on risk assets, and the U.S. Labor Statistics Bureau said April PPI posted its biggest rise since March 2022. Markets also watched the Middle East war, oil prices and fading expectations for rate cuts.

Crypto

Bitcoin holds above $81,000 but Middle East risk rattles crypto market

Bitcoin is holding above $81,000, but the broader crypto market is being driven more by Middle East geopolitical risk than by fundamentals. Investor caution rose after Iran rejected a peace plan under the Trump administration and Brent crude briefly topped $104 a barrel. Bitcoin climbed above $82,000 intraday and kept a monthly gain of more than 11 percent, but uncertainty around the Strait of Hormuz weighed on sentiment.

Crypto

Bitcoin aims for $85,000 again as five key variables come into focus this week

Bitcoin held the $80,000 support level despite sharp volatility into the weekly close, keeping open the chance of another attempt at $85,000 this week. Liquidations topped $400 million in 24 hours, while analysts cited CME futures gaps as a near-term constraint. Markets are also watching U.S.-Iran geopolitical developments and upcoming U.S. CPI and PPI data. On-chain indicators point to renewed spot-demand strength and improving trend signals.