Bitcoin rebounds to $82,000 after briefly falling below $80,000 as inflation fears trigger $950 million in liquidations

What happened: Bitcoin rebounded to about $82,000 after briefly falling below $80,000, as inflation fears triggered a crypto sell-off. Key numbers: Bitcoin up 1.05% and Ethereum up 3.37% in 24 hours. US producer prices rose 6.3% year-on-year versus 5.3% expected. Why it matters: Analysts said the hot PPI print reinforced sticky inflation and higher-for-longer rate concerns. They flagged Fed Chair Kevin Warsh's commentary as the next catalyst, with a hawkish tone possibly pressuring crypto and a softer stance allowing the bounce to extend. Coverage: 3 outlets in 24h

Bitcoin rebounded to about $82,000 after briefly falling below $80,000, as inflation fears triggered a crypto sell-off.

Analysts said the hot PPI print reinforced sticky inflation and higher-for-longer rate concerns. They flagged Fed Chair Kevin Warsh's commentary as the next catalyst, with a hawkish tone possibly pressuring crypto and a softer stance allowing the bounce to extend.