Bitcoin ETF outflows reached $261. 4 million as price rebounded near $83,700, raising questions about whether withdrawals will persist.

Bitcoin traded near $80,582 at 12:33 UTC (08:33 ET), after the U. S. Producer Price Index for September rose 1. 3% month over month and 6. 3% year over year, well above the 0. 6% and 5. 5% consensus. The monthly reading was the largest advance since March 2022, and BTC slipped roughly <p>The post Bitcoin Price Falls After Hot PPI — Can $80K Hold? first appeared on BTCUSA. </p>

Although shares in companies driving the AI boom are still among the biggest gainers on global equity markets this year, many have fallen sharply in the past few weeks, as investors reassess the cost of capital against a backdrop of rising interest rates and inflation.

Bank7 Corp. (BSVN) reported third-quarter net income of $10.2 million, or $1.06 per share. Revenue for the period was $33 million, with revenue net of interest expense at $23.4 million. The stock has risen 34% since the start of the year. It has gained 21% over the past 12 months.

ManpowerGroup reported third-quarter net income of $34.1 million. Adjusted earnings were $1.01 per share, matching Wall Street expectations. Revenue came in at $4.84 billion, below the $4.91 billion analysts had expected. The Milwaukee-based company is a global provider of staffing and human resources services.

US September CPI came in above expectations, lifting annual inflation to 3.7% and leaving core inflation at 2.6%. Traders repriced the Fed's rate path, with Kalshi showing the odds of a 25 basis point hike in October jumping from 21% to 46%. The two-year Treasury yield rose about 10 basis points to 4.89%, gold fell about 1.1% and the VIX advanced. Bitcoin ETF inflows dropped 88% and bitcoin slid toward $81,000.