News
May 12, 2026
Bitcoin Slips Below $80K After US Inflation Hits 3.8% and Rate Cut Hopes Fade
GG AI Summary
Bitcoin briefly fell below $80,000 following U.S. inflation data showing a 3.8% rate and diminishing hopes for a rate cut. The dip was also influenced by geopolitical tensions after President Trump's warning about the ceasefire with Iran. These factors combined to create uncertainty in the market, leading to a short-term price decline.
Sentiment:
32%
Bearish
Bitcoin briefly dipped below $80,000 on Tuesday as global markets reacted to President Donald Trump’s Iran ceasefire warning and the latest U.S. inflation data. Stalled Negotiations and Regional Stability Bitcoin briefly dipped below $80,000 on May 12 as global markets reacted to President Donald Trump’s warning that the ceasefire between the U.S. and Iran was […]
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