Bitcoin recovers to $82,000 as US September PPI rises 6.3%
CIE News ·
Based on reporting by The Block; not yet independently confirmed.
U.S. headline PPI inflation jumped 6.3% year-over-year in September, triggering $930 million in crypto liquidations before Bitcoin rebounded to near $82,000.
The U.S. Producer Price Index rose 6.3% year-over-year in September 2026, exceeding market projections of 5.3% and reaching its second-highest level since November 2022. Core PPI increased by 5.0% annually against an expected 4.4%, according to the U.S. Bureau of Labor Statistics. The release followed September Consumer Price Index data showing a 3.7% annual rise, increasing attention on the Federal Open Market Committee meeting scheduled for October 27–28.
Following the PPI report, Bitcoin (BTC) dropped to $79,800 before recovering toward $82,000, mitrade.com reported. The market volatility prompted approximately $930 million in derivative liquidations across 24 hours, with long positions making up $780 million of the total. Mitrade.com noted that Bitcoin accounted for $214 million in liquidations, while Ethereum (ETH) saw $286 million in liquidations after falling to $2,324.
Analysts cited by mitrade.com identified the $80,000 to $81,500 zone as key support corresponding with the estimated average cost basis of U.S. spot Bitcoin exchange-traded funds. Meanwhile, blockhead.co reported that rising consumer inflation pushed the 10-year Treasury yield above 5.2%, with the current federal funds rate standing between 3.75% and 4%.
Key facts
- Sept PPI rose 6.3% YoY
- Sept Core PPI rose 5.0% YoY
- $930M in crypto liquidations
- BTC rebounded to near $82,000
Read the original at The Block