{"id":239961,"date":"2026-10-15T15:53:12","date_gmt":"2026-10-15T15:53:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=239961"},"modified":"2026-10-15T15:53:12","modified_gmt":"2026-10-15T15:53:12","slug":"bitcoin-briefly-slides-below-80000-on-more-hot-inflation-data","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=239961","title":{"rendered":"Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data"},"content":{"rendered":"<p><a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a><\/p>\n<p><a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-briefly-dips-below-80000\">Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data<\/a><\/p>\n<div><\/div>\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s <a href=\"https:\/\/bitcoinmagazine.com\/bitcoin-price\">price<\/a> momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Over a 24-hour period, it\u2019s only down over 1% after making a recovery. But over the past week, it\u2019s shed nearly 3% of its value.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Data Thursday from the Labor Department\u2019s Bureau of Labor Statistics <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" target=\"_blank\" rel=\"noopener\">showed<\/a> U.S. producer prices rose in September at the fastest pace in more than four years.<\/p>\n<p class=\"wp-block-paragraph\">The numbers came one day after September\u2019s Consumer Price Index <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-slips-on-cpi-inflation-data\">came out<\/a> higher than expected.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin has news that high prices won\u2019t go away in the world\u2019s largest economy \u2014 leading traders to bet that the Federal Reserve may keep interest rates higher for longer.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The Federal Reserve will make a decision on what to do with interest rates at the end of this month.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Bitcoin\u2019s price has previously done well in a low interest rate environment as when borrowing costs are cut, more liquidity can be used to buy the cryptocurrency.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">But the Fed this year has <a href=\"https:\/\/bitcoinmagazine.com\/news\/bitcoin-price-wobbles-after-rate-hike\">raised<\/a> interest rates, with the head of the central bank claiming that getting inflation down in the U.S. is its number one priority.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The biggest cryptocurrency is currently nearly 36% below the record of $126,080 it touched last October.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Despite the dip this week, analysts have declared the asset to be out of the bear market it spent most of 2026 following a rally in August and September.\u00a0<\/p>\n<p>This post <a href=\"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-price-briefly-dips-below-80000\">Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data<\/a> first appeared on <a href=\"https:\/\/bitcoinmagazine.com\/\">Bitcoin Magazine<\/a> and is written by <a href=\"https:\/\/bitcoinmagazine.com\/authors\/mathewdisalvo\">Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin Magazine Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data Bitcoin\u2019s price momentarily dipped below $80,000 on Thursday following more hotter-than-expected U.S. inflation data.\u00a0 The price of the biggest cryptocurrency recently stood at $81,028 after dropping as low as $79,805 on Thursday morning in New York.\u00a0 Over a 24-hour period, it\u2019s only down [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":239962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-239961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239961"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=239961"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/239961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/239962"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=239961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=239961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=239961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}