U.S. Treasury yields moved higher on Wednesday after April wholesale inflation data came in above expectations. The 10-year yield rose to 4.49% at its session high while the producer price index jumped 1.4% month over month and 6% year over year. The move followed a separate report showing April consumer inflation running above forecasts, raising questions about the Fed's policy path.

Veteran trader Peter Brandt argues Bitcoin has "NOT NOT NOT" formed a dependable bottom and says the current bounce is only a technical move inside a bearish corridor. U.S. producer inflation data showed PPI YoY rose to 6% versus a 4.8% forecast and Core PPI YoY reached 5.2%, adding macro pressure to his view. Brandt highlights BTC near $79,660 and flags $79,145 as a key daily-close level tied to ATR.

U.S. producer prices rose 6% year-over-year in April 2026, exceeding a 4.9% forecast as energy-related costs lifted the headline reading. The PPI increased 1.4% month-over-month, with gasoline up 15.6% and energy goods up 7.8%. President Donald Trump told reporters that Americans' financial strain was "not even a little bit" a factor in his push for an Iran nuclear deal.

Evernorth Holdings, founded by former Ripple executive Ashish Birla, is sitting on about $389 million in unrealized losses on its XRP holdings, according to CryptoQuant analyst Maartunn. The firm built its position in autumn 2025 with roughly $950 million invested at an average entry near $2.44 per XRP, while XRP is now trading below $1.50.

CertiK said in a May 12 report that North Korea-linked hackers have stolen an estimated $6.75 billion in cryptocurrency across 263 incidents since 2016. The firm said the threat is shifting toward fewer, higher-impact breaches driven largely by social engineering and supply-chain compromise, citing 2025 losses of $2.06 billion out of $3.4 billion and 2026 losses of $620.9 million so far.

In the first quarter of 2026, Wells Fargo increased its holdings in ether ETFs while adjusting several bitcoin ETF positions and reshaping crypto-linked equities. By March 31, its stake in BlackRock's iShares Ethereum Trust (ETHA) rose about 63% to roughly 1.1 million shares, and it also expanded exposure to Strategy while sharply cutting Galaxy Digital.

U.S. April PPI data released on May 13 came in well above forecasts, and Bitcoin fell below $80,000, trading around $79,800 during the session. The move left BTC about $1,058 under the MA200 at $80,858 and pushed the 1-hour RSI to 31.31, while on-chain readings tied to short-term holders put added focus on the $80,000–$81,000 "reset" area.

Ethereum is trading near $2.3k and continues to stall below the $2.4k resistance that has defined months of consolidation. The daily structure remains inside an ascending channel from February, with $2.2k–$2.1k acting as nearby downside references and $2.6k–$2.8k highlighted as potential upside targets if $2.4k is reclaimed. Derivatives sentiment has turned more aggressive, with funding reaching +0.0105, raising the risk of either an amplified breakout or a swift long unwind.