Bitcoin Just Fell Below $80,000: What Triggered the Selloff?

Crypto Insight Summary: Bitcoin’s fall below $80,000 appears to be a continuation of the selling pressure building throughout the week, with a fresh inflation shock today giving traders another reason to sell. Today on October 15, US wholesale inflation came in far hotter than expected. This followed yesterday’s disappointing consumer inflation report, extending fears that the Federal Reserve Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Inflation shock triggers risk-off sentiment, leading to BTC sell-off.