To what extent did market volatility affect Exodus' financial performance in the first quarter of 2026?
Bitcoin floats around $80,000 after April core PPI surges 1% MoM — hottest since 2022 — as crypto ETFs bleed and rate-hike odds climb.
Summary: Bitcoin dropped below the psychological $80,000 level. RSI approached oversold territory.
Michael Shaulov argued that changing to a post-quantum cryptographic signature scheme is “not a technical challenge” for Bitcoin.
Bitcoin just fell below $80,000 as a hotter-than-expected US inflation print pushed crypto and equities lower. BTC price slipped from the low $81,000 area into $79,706, with the session low marked near $79,557.
Long-term Bitcoin holders remain resilient despite rising leverage and growing liquidation risks near resistance.
The latest market reaction follows April's Producer Price Index (PPI), which rose 1.4%, significantly above economist forecasts of around 0.5%. The hotter-than-expected print has reinforced concerns that inflationary pressures in the U.S.
Bitcoin dropped under $80,000 after US CPI data showed rising inflation tied by the source to the war against Iran, then rebounded near $81,000 in a volatile session. Monday's price action was driven by Iran peace proposal headlines, a reported rejection by the POTUS, and renewed resistance around $82,000 overall.
Bitcoin (CRYPTO: BTC) spot ETFs saw $233.25 million in net outflows on May 12 as Charles Schwab Corp. (NYSE:SCHW) rolled out spot crypto trading to select retail clients with $11.77 trillion in assets under management. BlackRock And Fidelity Lead Outflows BlackRock's iShares Bitcoin Trust (NASDAQ:IBIT) and Fidelity's Wise Origin Bitcoin Fund (BATS:FBTC) led outflows with -$32.95 million and –$86.13 million respectively.
Between the stance of the Securities and Exchange Commission (SEC) during President Biden's term and President Donald Trump's campaign promises, it is not difficult to see why many investors chose to turn bullish on Bitcoin (BTC) and other cryptocurrencies in November 2024.
U.S. PPI surged well above forecasts in April, reviving concerns that rising oil prices and Iran-related supply risks may feed another inflation wave.
Metaplanet posted strong Q1 operating income driven by Bitcoin options revenue, but swung to a $728 million loss as BTC price declines triggered valuation markdowns.