Bitcoin first fell below the closely watched $80,000 level to about $79,200 as hotter-than-expected U.S. April Producer Price Index data, rising bond yields, higher oil and Iran-related supply risks, and broader geopolitical tensions pressured risk assets. The older report said wholesale inflation rose 6% year over year and 1.4% month over month, above expectations of 4.9% and 0.5%, reinforcing concerns that interest rates could stay higher for longer. It also said bond yields reached levels last seen in 1998, increasing fears of a broader sell-off, and warned that as much as $1 billion in crypto liquidations could be at risk if downside momentum intensified. A later update said Bitcoin rebounded above 80,000 USDT on OKX, with prices at 80,007.3 and 80,007.30 in separate updates, though the reported 24-hour change differed between updates, showing both a 1.49% gain and a 0.33% decline. That update also highlighted tensions around the Strait of Hormuz and interest in event-driven crypto analysis platforms such as Poly Truth and its PTRUE ecosystem.