Bitcoin Slips Under $80K After US PPI Gains Most in Four Years
Markets
Published: Oct 15, 2026
Bitcoin (BTC) briefly traded below $80,000 on Thursday as US Producer Price Index (PPI) data significantly beat expectations.
Key Points:
- PPI Overshoot: September PPI measured 6.3% against market expectations of 5.3%, the biggest monthly jump since March 2022.
- Price Analysis: A "volatile retest" of trend lines around $78,000 is anticipated.
- Inflation Impact: The PPI increase adds to Bitcoin's tailwinds amid already heightened risk asset volatility.
Background:
- US Consumer Price Index (CPI) also overshot estimates the previous day, contributing to falls in risk assets.
- South Korean stock market experienced a significant drop of 7.5% on Thursday.
- Economist Mohamed El-Erian described the PPI result as "even more striking" than the CPI.
- Bond yields were not rising despite higher inflation, and the US 10-year bond yield was at its lowest since Sept. 23.
Technical Analysis:
- BTC/USD dipped as much as 1.8% on the day before rebounding to around $81,000.
- Trend lines formed by the 21-week and 50-week exponential moving averages at $76,144 and $78.459 are back in focus.
- Rekt Capital suggests BTC could retest these levels, while preserving its overall bullish trend.
Sources:
- TradingView
- Bureau of Labor Statistics (BLS)
- Cointelegraph