Bitcoin Below $79K as Inflation Spike and Geopolitical Risk Trigger Crypto Selloff

Bitcoin tumbled below $79,000 on May 15 as PPI inflation data hit 6% and bond yields surged to their highest levels since 2007, triggering a broad risk-off move that ensnared cryptocurrencies despite their long-term hedging narrative. ETH, SOL, and XRP all fell 3-5% in tandem, signaling that macro fear is currently overriding crypto's store-of-value thesis.