Bitcoin Falls Below $80,000 as September PPI Hits 6.3%, Topping 5.3% Forecast
Bitcoin dropped below $80,000 on Thursday after US September Producer Price Index data came in at 6.3% versus a 5.3% forecast from the Bureau of Labor Statistics. BTC/USD touched its lowest level since Sept 18 before rebounding near $81,000. Core PPI rose to 5% against a 4.4% estimate. Traders watch the 21 week and 50 week moving averages at $76,144 and $78,459 as possible retest zones.
