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via Cointelegraph · By Cointelegraph Staff

Four-Year Highs In US PPI Data Cost Bitcoin the $80,000 Mark

BTC

BTC/USDT

$59,280.00

-0.96%

$59,280.00

-0.96%

(24s)

24h Volume

$34,631,738,893.31

24h H/L

$61,962.40 / $58,115.01

Change: $3,847.39 (6.62%)

Long/Short

71.3%

Long: 71.3%Short: 28.7%

Funding Rate

-0.0015%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$59,602.04

▼ -2.42%

Volume (24h): -

Resistance Levels

Resistance 3$64,233.94

Resistance 2$62,909.86

Resistance 1$61,023.09

Price$59,602.04

Support 1$59,466.36

Support 2$58,115.01

Support 3$51,387.09

Pivot (PP):$59,893.15

Trend:Downtrend

RSI (14):30.2

Cointelegraph Staff

(03:46 PM UTC)

1 min read

Approved byDavid Kim

644 views

0 comments

Bitcoin (BTC) fell below $80,000 into Wednesday’s Wall Street open as US inflation data continued to alarm.

Key points:

Bitcoin price action sees fresh downside pressure thanks to US PPI inflation reaching its highest since 2022.
Odds of further financial tightening by the Federal Reserve increased in a headwind for crypto.
BTC price analysis sees the CME futures gap staying as resistance "until…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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