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Bitcoin (BTC) Price: Hot Inflation Data Sends BTC Sliding as Buyers Defend $80K

CoinCentral·October 16, 2026·1 min read
Bitcoin (BTC) Price: Hot Inflation Data Sends BTC Sliding as Buyers Defend $80K

Bitcoin briefly fell below $80,000 on Thursday after September US producer prices rose 1.3%, the largest monthly gain since March 2022. Annual PPI hit 6.3% against a 5.3% forecast, and core PPI reached 5%. CME FedWatch put the odds of an October Fed rate hike at about 34%.

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