Bitcoin briefly slipped below $80,000 on Wednesday as April core producer prices surged 1% month-over-month in the steepest reading since March 2022, dealing a second consecutive blow to Federal Reserve rate-cut expectations.
Core PPI blew past the 0.3% consensus forecast and an upwardly revised 0.2% reading in March, according to the U.S. Bureau of Labor Statistics' report. Year-over-year, core…