Crypto Market Crashes After US PPI Data Release

The US PPI data release has sent shockwaves through the crypto market, with Bitcoin's price plummeting below its crucial $80,000 support level.

According to the latest figures, the wholesale inflation numbers have seen a significant increase, causing concern among investors and analysts alike. The sudden surge in inflation rates has led to a sharp decline in prices for major altcoins, including Ethereum and BNB.