Bitcoin Dips to $78,750 Low Below $80K as Inflation Shocks, Xi-Trump Tensions Persist

Bitcoin extended losses to a $78,750 low near $79,000 on May 14, firmly below $80,000, as hot U.S. inflation data and Xi Jinping's Taiwan conflict warning to Trump during summit talks fueled risk-off sentiment. The downturn started May 12 with CPI at 3.8% YoY sparking a dip to $79,879, followed by a rebound to $81,208 on $858M weekly crypto inflows ($706M to Bitcoin). May 13's PPI shock—6% YoY (+1.4% m/m vs. 0.5% expected; core +1.0% m/m)—wiped gains, driving BTC under $79,700 amid $63M liquidations and $1.25B open interest drop, with ETF outflows and geopolitics sealing the bearish mood.