Bitcoin Pinned Near Critical Support as Hottest PPI in 3 Years Deepens Rate Hike Fears!

Bitcoin briefly slipped below $80,000 after April core PPI jumped 1% month-over-month — the steepest reading since March 2022 — reigniting fears that the Fed has little room to cut rates and adding fresh pressure to risk assets already trading near key technical levels. Analysts say the next…