{"id":24411,"date":"2026-10-15T15:37:07","date_gmt":"2026-10-15T15:37:07","guid":{"rendered":"https:\/\/cryptoted.net\/index.php\/2026\/10\/15\/bitcoin-price-drops-3-6-as-hot-us-ppi-fuels-fed-rate-hike-concerns\/"},"modified":"2026-10-15T15:37:07","modified_gmt":"2026-10-15T15:37:07","slug":"bitcoin-price-drops-3-6-as-hot-us-ppi-fuels-fed-rate-hike-concerns","status":"publish","type":"post","link":"https:\/\/cryptoted.net\/index.php\/2026\/10\/15\/bitcoin-price-drops-3-6-as-hot-us-ppi-fuels-fed-rate-hike-concerns\/","title":{"rendered":"Bitcoin price drops 3.6% as hot US PPI fuels Fed rate hike concerns"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/media.crypto.news\/2025\/11\/crypto-news-Bitcoin-backed-option02.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">Bitcoin has fallen 3.6% over the past 24 hours to around $81,500 as stronger-than-expected U.S. producer inflation has renewed concerns about another Federal Reserve interest rate increase.<\/p>\n<div id=\"cn-block-summary-block_8a5aa371f3e5badb6b8408ed387637fd\" class=\"cn-block-summary\">\n<p>\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/p>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>U.S. producer prices rose 1.3% in September, the largest monthly increase since March 2022.<\/li>\n<li>Annual wholesale inflation reached 6.3%, following Wednesday\u2019s 3.7% consumer inflation reading.<\/li>\n<li>Bitcoin traded near $81,500 after recording a 24-hour low of $80,443.<\/li>\n<li>CME FedWatch pricing cited in the initial report put October rate hike odds at 34%.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The U.S. Bureau of Labor Statistics <a href=\"https:\/\/www.bls.gov\/news.release\/archives\/ppi_10152026.htm\" target=\"_blank\">reported<\/a> on Oct. 15 that September\u2019s producer price index rose 1.3% from August, accelerating from the previous month\u2019s revised 0.5% increase.<\/p>\n<p>On an annual basis, the agency recorded a 6.3% rise in wholesale prices, the fastest increase since December 2022. The release followed Wednesday\u2019s consumer inflation report, giving investors a second set of stronger price readings before the Fed\u2019s October policy meeting.<\/p>\n<h2 class=\"wp-block-heading\">Bitcoin retreats after failing to clear $84,000<\/h2>\n<p>According to the initial market report, Bitcoin traded around $81,500 following the PPI release, with its daily decline exceeding 3.6%. The report also placed Bitcoin below its 50-day moving average and recorded a 24-hour low of $80,443.<\/p>\n<p>Before the inflation releases, crypto.news reported that Bitcoin had approached $83,900 during Asian trading on Oct. 14 before retreating toward $83,500, leaving a <a href=\"https:\/\/crypto.news\/bitcoin-price-faces-84k-test-ahead-of-u-s-inflation\/\" target=\"_blank\">recovery above $84,000<\/a> incomplete.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>In that coverage, analyst Ali Martinez identified $84,000 as a potential breakout level on the 4-hour chart. Martinez\u2019s proposed route toward $93,000 depended on a confirmed close above resistance and continued upward price movement; it was a conditional target rather than a forecast that Bitcoin would reach that price.<\/p>\n<p>The same report cited New York Fed President John Williams\u2019 Oct. 13 remarks that another increase could be appropriate before the end of 2026, while economic conditions did not indicate a need for additional increases in 2027.<\/p>\n<h2 class=\"wp-block-heading\">Energy prices drive September\u2019s wholesale inflation increase<\/h2>\n<p>Within the September release, BLS attributed more than 80% of the increase in final-demand goods prices to energy, where prices jumped 10.8%. The agency recorded a 20.3% increase in gasoline prices, alongside increases in diesel, jet fuel, residential electricity and crude petroleum.<\/p>\n<p>For final-demand goods overall, BLS reported a 2.6% monthly increase, the largest since the series began in December 2009. Food prices rose 1.2%, while goods excluding food and energy increased 0.3%, according to the release.<\/p>\n<p>Across services, the agency recorded a 0.8% increase. BLS attributed nearly half of that advance to a 1.4% rise in trade-service margins, with transportation and warehousing services also becoming more expensive.<\/p>\n<p>Using its measure excluding food, energy and trade services, BLS reported a 0.5% monthly increase and a 5% annual rise.<\/p>\n<p>For comparison, July 15 coverage of Bitcoin\u2019s <a href=\"https:\/\/crypto.news\/bitcoin-climbs-above-65k-as-weak-ppi-rattles-fed-hawks\/\" target=\"_blank\">rally after softer PPI<\/a> described the opposite market reaction: Bitcoin reclaimed $65,000 after June producer inflation came in below expectations.<\/p>\n<p>According to that report\u2019s CME FedWatch snapshot, the probability of a July rate increase fell to 10.2%, down from roughly 16% after the preceding CPI release and above 30% a week earlier. The July report also recorded a 0.3% monthly decline in headline producer prices, while core PPI rose 0.2%, below the expected 0.3%.<\/p>\n<h2 class=\"wp-block-heading\">October rate expectations remain divided after CPI and PPI<\/h2>\n<p>Following Wednesday\u2019s CPI release, Reuters <a href=\"https:\/\/www.reuters.com\/markets\/us\/fed-rate-hike-seen-more-likely-after-inflation-data-2026-10-14\/\" target=\"_blank\">reported<\/a> that annual consumer inflation reached 3.7%, while core inflation came in at 2.6%, exceeding the 2.5% forecast in its economist poll.<\/p>\n<p>In the same report, PPHC chief economist Martin Beck said persistent inflation remained a concern, although weaker employment data and fragile consumer sentiment could allow the Fed to hold rates in October.<\/p>\n<p>By Thursday, the initial report\u2019s CME FedWatch snapshot assigned a 34% probability to a quarter-point October increase and a 66% probability to unchanged rates. Reuters separately reported roughly 30% odds, with the next policy meeting scheduled for Oct. 27\u201328.<\/p>\n<p>Despite the inflation readings, Reuters recorded falling Treasury yields and a weaker dollar on Thursday. Its report also placed the Fed\u2019s current benchmark range at 3.75%\u20134%, following September\u2019s quarter-point increase.<\/p>\n<h2 class=\"wp-block-heading\">U.S. Bitcoin ETF flows had slowed before the inflation releases<\/h2>\n<p>For U.S.-listed investment products, an Oct. 3 report documented <a href=\"https:\/\/crypto.news\/crypto-etf-flows-split-bitcoin-gains-ethereum-bleeds\/\" target=\"_blank\">slower Bitcoin ETF inflows<\/a> during Sep. 28\u2013Oct. 2, citing Farside Investors\u2019 provisional figures.<\/p>\n<p>According to the report, the funds attracted a provisional $82.9 million over that period, compared with $2.39 billion in the preceding week. BlackRock\u2019s Friday entry was still pending when the figures were checked, so the reported weekly total was incomplete.<\/p>\n<p>Across the individual sessions, Farside\u2019s figures showed $31 million arriving on Monday and $66.2 million on Tuesday, followed by $148.7 million in Wednesday withdrawals. Thursday brought $102.7 million in inflows, while Friday\u2019s reported intake stood at $31.7 million before the outstanding entry.<\/p>\n<p>At the fund level, the report recorded $167.9 million in weekly withdrawals from Fidelity\u2019s FBTC, $38.6 million from Bitwise\u2019s BITB and $54.6 million from Grayscale\u2019s GBTC. BlackRock\u2019s IBIT attracted $292 million across Monday through Thursday, according to the same historical snapshot.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/bitcoin-price-drops-as-hot-us-ppi-fuels-rate-hike\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has fallen 3.6% over the past 24 hours to around $81,500 as stronger-than-expected U.S. producer inflation has renewed concerns about another Federal Reserve interest rate increase. Summary U.S. producer prices rose 1.3% in September, the largest monthly increase since March 2022. Annual wholesale inflation reached 6.3%, following Wednesday\u2019s 3.7% consumer inflation reading. Bitcoin traded [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[23],"tags":[],"kronos_expire_date":[],"class_list":["post-24411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"_links":{"self":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/comments?post=24411"}],"version-history":[{"count":0,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/posts\/24411\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media\/24412"}],"wp:attachment":[{"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/media?parent=24411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/categories?post=24411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/tags?post=24411"},{"taxonomy":"kronos_expire_date","embeddable":true,"href":"https:\/\/cryptoted.net\/index.php\/wp-json\/wp\/v2\/kronos_expire_date?post=24411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}