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Bitcoin dips below $80K amid rising U.S. producer prices and AI stock weakness

Market News
15 Oct 2026
Tokenpost
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Bearish
Bitcoin dips below $80K amid rising U.S. producer prices and AI stock weakness

Bitcoin briefly fell below $80,000 on October 15, dropping to about $79,676 before recovering to around $80,527. This decline coincided with a sharp rise in the U.S. Producer Price Index, which increased 1.3% from August and 6.3% year-over-year, exceeding market expectations. Ether also dropped below $2,400, trading near $2,356. Crypto futures worth approximately $950 million were liquidated within 24 hours, driven by forced closures of leveraged long positions. The Federal Reserve's policy decision on October 28 remains a key upcoming event for the crypto market.

Bitcoin and Ether price movements provide context for cryptocurrency trends. As of Oct 16, 2026 02:04 WIB, 30 of 50 major cryptocurrencies on Pluang rose while 19 fell. Notable movers include COTI down 2.96% at Rp205, COMP down 2.92% at Rp396,156, and XTZ up 2.78% at Rp5,729.

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