Bitcoin Rebounds Above $81,800 After Hot U.S. Producer Inflation Data
U.S. producer inflation came in hotter than expected, initially sending Bitcoin below $80,000 and gold below $4,100 as the dollar and Treasury yields climbed. Later, a softer dollar and lower yields helped Bitcoin recover to around $81,800 and gold to $4,170 an ounce. The International Energy Agency also said it would speed up the release of the remaining 100 million barrels of emergency stock, including more than 20 million barrels of diesel, which could ease oil-related inflation pressure.
U.S. producer prices rose more than forecast, released at 15:30 ET, lifting the dollar and Treasury yields while pressuring stock futures. Bitcoin fell under $80,000 before recovering to about $81,800; gold slipped below $4,100 then climbed to $4,170. Later dollar weakness and lower yields eased selling.
The IEA said it would speed up delivery of the last 100 million barrels from its emergency reserves, with more than 20 million barrels of diesel included. At 17:00 ET, business inventories matched expectations at 0.4% month over month. Middle East risks—Houthi alerts involving Saudi airspace and airports, attacks near Aden’s presidential palace, and a reported tanker fire near the Strait of Hormuz—supported gold.
Higher-than-expected producer inflation could keep borrowing costs elevated, affecting households, small businesses, and investors who rely on credit or hold risk assets. Bitcoin’s sharp swing may reinforce its reputation as volatile, potentially influencing retail traders and crypto firms. If emergency oil releases ease fuel prices, transport and energy costs may face less pressure, though geopolitical tensions could still unsettle markets. Overall, the episode may shape how savers and institutions view inflation hedges, digital assets, and gold.