Live markets: Bitcoin dips below $80,000 as producer price inflation surges to 6%
U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and Iran-related supply risks may feed another inflation wave....
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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.
Crypto wallet provider Ledger puts U.S. IPO plans on hold due to market conditions
Ledger, the French hardware wallet provider, paused its $4 billion U.S. IPO plans citing unfavorable market conditions. The firm had engaged Goldman Sachs, Jefferies, and Barclays for the offering but hasn't filed formally with the SEC. Weak crypto token prices and volatile equity markets are dampening investor appetite for digital-asset listings, following BitGo's underperforming 2026 debut.
