Bitcoin Falls for Four Consecutive Days, Dropping Below $80,000 Again
nashnova research
Bitcoin slid as low as $76,663 on Thursday — its fourth consecutive daily loss — after a hotter-than-expected PPI print fueled rate-hike bets and sent risk assets lower across the board.
What triggered this sell-off?
The U.S. August PPI (Producer Price Index — a measure of inflation at the factory gate) rose 0.4% month-on-month, with the year-on-year rate climbing to 5.4%, up from 4.7% and above consensus.
This means → inflation is still running hot at the production level, raising the odds of a Fed rate hike at the September 15–16 meeting.
U.S. equities and Treasuries fell in tandem after the release; bitcoin's decline accelerated alongside — risk assets stepped aside in the face of rate-hike fear.
How did the Middle East add fuel?
Middle East tensions flared again this week, pushing oil past $105 a barrel.
In plain terms = surging oil prices both stoke inflation expectations and crush risk appetite — a double negative for bitcoin.
What does the price structure tell us?
Since early February, bitcoin has traded in a $60,000–$80,000 range. This drop remains an intra-range move and has not triggered a technical breakdown.
Yet repeated failures to hold above $80,000 signal persistent demand-side weakness in the U.S. — upside momentum is struggling to build.
Bitcoin hit a record high of roughly $126,000 last October; the current price is more than 40% below that peak.
What comes next?
Friday's CPI (Consumer Price Index — a measure of inflation at the retail level) is the next key data point for gauging the Fed's policy path this month.
This means → if CPI also surprises to the upside, a rate hike becomes near-certain and bitcoin likely stays under pressure; a cooler print, however, could give sentiment a brief reprieve.
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