Bitcoin threatens new breakdown as US PPI sends gold to 1-month high
27 February 2026 at 18:10
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Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day.
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Hotter US PPI inflation data boosted precious metals but punished Bitcoin bulls, with BTC price downside nearing 3% on the day.
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Bitcoin price strength failed to reclaim a key support zone with traders still expecting the bear market to match previous cycles.
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Bitcoin began an assault below the 200-week exponential moving average in fresh signs of upward BTC price momentum at the start of the US session.
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Bitcoin traders had mixed opinions over what caused a BTC price rebound past $66,000 as attention focused on Jane Street selling pressure.