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via CoinDesk · By CoinDesk Staff

Bitcoin slips below $80,000 as inflation concerns trigger crypto selloff

BTC

BTC/USDT

$79,716.51

-0.11%

$79,716.51

-0.11%

(24s)

24h Volume

$8,055,435,772.13

24h H/L

$80,200.00 / $79,233.00

Change: $967.00 (1.22%)

Long/Short

53.1%

Long: 53.1%Short: 46.9%

Funding Rate

+0.0022%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,711.92

▼ -0.15%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$81,908.22

Resistance 1$79,878.00

Price$79,711.92

Support 1$79,635.96

Support 2$73,033.65

Support 3$70,930.00

Pivot (PP):$79,824.58

Trend:Sideways

RSI (14):66.3

CoinDesk Staff

(10:42 AM UTC)

1 min read

Updated byDavid Kim

0 comments

Bitcoin stuck below $80,000 as leveraged longs unwind, altcoins slide

Crypto markets weakened as inflation fears hit risk assets, triggering long liquidations, negative derivatives flows and renewed pressure on altcoins.

Bitcoin price (CoinDesk Data)

What to know:

Bitcoin held below $80,000 after Wednesday's stronger-than-expected U.S. producer price inflation data sparked a risk-off move and wiped…

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CoinDesk Staff · CoinDesk

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