---
title: "Bitcoin Below $80,000, Ethereum, XRP, Dogecoin Slide As Hot PPI Data Hits Rate Cut Hopes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286410290.md"
description: "Bitcoin is trading below $80,000 as U.S. producer inflation data dampens expectations for Federal Reserve rate cuts. Bitcoin ETFs experienced $635.2 million in outflows, while Ethereum ETFs saw $36.3 million in outflows. The meme coin market cap is down 1.6% to $38.5 billion. Analysts suggest Bitcoin may pull back to $75,000, while Ethereum is testing support at $2,250. Solana shows bullish patterns, and Dogecoin hints at a potential breakout, with traders eyeing a move towards $2–$5 if momentum builds."
datetime: "2026-05-14T11:12:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286410290.md)
  - [en](https://longbridge.com/en/news/286410290.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286410290.md)
generator: "portal-rs"
---

# Bitcoin Below $80,000, Ethereum, XRP, Dogecoin Slide As Hot PPI Data Hits Rate Cut Hopes

Bitcoin trades below $80,000 on Thursday morning as hotter-than-expected U.S. producer inflation data weakened expectations for near-term Federal Reserve rate cuts.

Bitcoin ETFs saw $635.2 million in net outflows on Wednesday, while Ethereum ETFs reported $36.3 million in net outflows.    

**Cryptocurrency**

**Ticker**

**Price**

**Bitcoin**

(CRYPTO: BTC)

$79,590.77

**Ethereum**

(CRYPTO: ETH)

$2,259.62

**Solana**

(CRYPTO: SOL)

$90.93

**XRP**

(CRYPTO: XRP)

$1.43

**Dogecoin**

(CRYPTO: DOGE)

$0.1134

**Shiba Inu**

(CRYPTO: SHIB)

$0.056266

Meme coin market capitalization is trading 1.6% lower at $38.5 billion over the past 24 hours.

**Trader Commentary:**

Crypto chart analyst Ali Martinez said Bitcoin appears to have been rejected at the key 200-day SMA near $82,500, increasing the probability of a pullback toward the 50-day SMA around $75,000.

Ted Pillows noted Ethereum successfully retested the important $2,250 support zone. Traders are now watching for a rebound toward $2,350–$2,400 if support continues holding. A breakdown below the level could open the door for a sharper decline toward $2,150 or lower.

Trader DonWedge sees Solana has formed a bullish falling wedge pattern, a setup traders often associate with potential reversal breakouts if momentum strengthens.

MikybullCrypto said Dogecoin is beginning to show signs of a breakout structure, with some traders eyeing a possible move toward the $2–$5 range if momentum accelerates further. Bulls also expect DOGE could once again lead a broader altcoin rally similar to the 2021 cycle.

*Image: Shutterstock*

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**