Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level. BTC fell to approximately $79,800 following September's Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours. The recovery pared an inflation-driven decline and demonstrated renewed buying interest around $80,000. However, persistent price pressures continued to complicate the outlook for Federal Reserve policy and risk assets. Producer inflation adds to interest rate concerns September headline PPI increased 6.3% year-over-year, exceeding expectations of 5.3%, according to the figures cited in the report. The reading marked its second-highest level since November 2022. https://twitter.