Bitcoin Breaks Below $80K as Producer Inflation Surges to 6% — Fed Rate Cuts in Doubt!

Hotter-than-expected producer price data sent Bitcoin briefly below the critical $80,000 level on Wednesday. The April Producer Price Index jumped 1.4% month-over-month — nearly triple the 0.5% consensus forecast — pushing annual PPI to 6%. Core PPI, stripping out food and energy, climbed 1% on the…