Bitcoin fell 1.4% to $79,472.8, slipping below $80,000 amid hot U.S. April producer price index data.
April PPI rose 1.4% month‑on‑month and 6% year‑on‑year, the strongest gains since March 2022 and December 2022 respectively.
Fed chair transition to Kevin Warsh and higher‑rate expectations pressure crypto, while Charles Schwab launches Bitcoin and Ether trading for retail clients.
Trump’s upcoming summit with Xi in Beijing could swing risk sentiment, with potential impacts on crypto depending on Iran and trade discussions.