On Thursday morning, Bitcoin is trading at $79,590.77, falling below the $80,000 threshold as hotter-than-expected U.S. producer inflation data weakens hopes for imminent Federal Reserve rate cuts. This economic news has led to significant net outflows from cryptocurrency exchange-traded funds (ETFs), with Bitcoin ETFs seeing $635.2 million in outflows and Ethereum ETFs reporting $36.3 million. Other cryptocurrencies are also affected, with Ethereum priced at $2,259.62, XRP at $1.43, and Dogecoin at $0.1134. Trader analysis indicates that Bitcoin faced rejection at the key 200-day simple moving average (SMA) near $82,500, raising the possibility of a pullback towards the 50-day SMA around $75,000. Ethereum is currently testing the $2,250 support zone, with potential rebounds toward $2,350–$2,400 if support holds. Meanwhile, Dogecoin is showing signs of a breakout structure, with traders optimistic about a possible price surge if momentum continues.