Bitcoin price targets $79K as US PPI inflation hits highest since 2022
Bitcoin slipped further below the $80,000 mark as US PPI data compounded the inflation problem from the US-Iran war and associated high oil prices....
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Bitcoin pinned near critical support as hot PPI spike compounds rate hike fears: analysts
Bitcoin slipped below $80,000 after April core PPI surged 1% month-over-month, the steepest reading since March 2022, crushing Fed rate-cut expectations. The inflation beat raised rate-hike odds to 30% from 15% weekly. Bitcoin ETF flows turned negative with $233 million in outflows May 12. Analysts see $80,000 as critical support; a break could trigger retests toward $75,000 amid macro headwinds.
Charles Schwab Begins Offering Bitcoin, Ethereum Trading to US Users
Charles Schwab, a major US brokerage, now offers Bitcoin and Ethereum trading to retail customers, marking mainstream institutional adoption of cryptocurrencies. This expands crypto accessibility beyond specialist platforms, potentially driving retail participation. BTC trades near $79,000 while ETH hovers around $2,250. The move signals growing legitimacy but lacks direct India angle as Schwab operates primarily in the US market.