PONS Plunges Further, BTC Retreats to $78K Ahead of First US Inflation Data: Market Watch

Just hours before the first of many major macro events scheduled to unfold in the following week or so, the US PPI data, bitcoin’s price has slipped toward $78,000 once again after it was rejected at $80,000 earlier this week.

The altcoins have followed suit, with some major losses from the likes of BNB, DOGE, XLM, LINK, UNI, CRO, and many others.

BTC Slips to $78K The primary cryptocurrency had an eventful end to the previous business week, as it had dropped to over $76,800 by Wednesday before the bulls picked up the pace. Instead of dumping further, the asset went on the offensive hard.

It skyrocketed by several grand within less than a day and jumped past $82,400 for the first time in well over three months. However, it couldn’t maintain its run and quickly declined to $81,000.