Bitcoin falls below $80,000 on fresh inflation data

Opening

Bitcoin's price briefly fell below $80,000 on Thursday after new U.S. inflation data showed producer prices rising at their fastest pace in more than four years.

The drop brought the cryptocurrency as low as $79,805 before it recovered to around $81,028. Over the past 24 hours the price is down about 1%, and it has lost nearly 3% in the past week.

Key numbers

• Current price: $81,028
• Overnight low: $79,805
• 24‑hour change: -1%
• Weekly change: -3%
• September producer price increase: fastest in more than four years
• Bitcoin is about 36% below its record high of $126,080 set in October 2025

What is confirmed

• Bitcoin Magazine reported the price dip on Oct. 15, 2026.
• The price touched $79,805 on Thursday morning New York time.
• Producer prices data from the Labor Department’s Bureau of Labor Statistics showed a sharp rise.
• The Consumer Price Index for September came in higher than expected the day before.
• Traders now expect the Federal Reserve to keep interest rates higher for longer.
• The Fed will make its next rate decision at the end of October 2026.
• Analysts said Bitcoin had exited the bear market that lasted most of 2026 after an August‑September rally.

Why this matters for crypto investors

Higher inflation pushes the Federal Reserve to maintain or raise interest rates. When borrowing costs stay high, liquidity for speculative assets like Bitcoin can shrink, which can weigh on price.

What happens next

Traders are watching the Federal Reserve's rate decision scheduled for the end of October. A more hawkish stance could keep pressure on Bitcoin, while a shift to lower rates might support a price recovery.

Sources

• Bitcoin Magazine

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