Add as a preferred source on GoogleBitcoin Rebounds Above $82,000 After Falling Below $80,000
September producer prices rose 6.3% year over year, while a 24-hour marketwide snapshot recorded $937.06 million in crypto liquidations.
Bitcoin (BTC) recovered to about $82,300 on Thursday, Oct. 15, after falling below $80,000 earlier in the session, capping a volatile day that also featured a sharp rise in U.S. producer prices and heavy derivatives liquidations.
At 2:20 p.m. ET (18:20 UTC), BTC stood near $82,300. At noon ET (16:00 UTC), liquidations across the market totaled $937.06 million for the 24-hour period, including $787.18 million in long positions and $149.88 million in short positions. Bitcoin-specific liquidations totaled $214.66 million, with 80.5% coming from long positions.
The U.S. Bureau of Labor Statistics released September’s Producer Price Index (PPI) at 8:30 a.m. ET (12:30 UTC). On a seasonally adjusted basis, September’s final-demand prices increased 1.3% from August; the year-over-year gain was 6.3%, the largest since December 2022. The monthly increase was the biggest since March 2022.
PPI tracks price changes from the seller’s perspective, measuring prices received by domestic producers.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.