May 14, 2026: Bitcoin Drops Below $80,000 as U.S. PPI Hits 6.0% and Trump Meets Xi

On May 14, 2026, Bitcoin slipped under $80,000 as the U.S. April PPI came in at +6.0% and President Donald Trump met Xi Jinping in Beijing alongside executives including Elon Musk and Jensen Huang. The same day, the U.S. Senate confirmed Kevin Warsh as Federal Reserve chair by a 54–45 vote, while the Senate Banking Committee began marking up the Clarity Act.