Bitcoin cracks $80K floor as Xi's Taiwan warning and back-to-back inflation shocks hammer crypto!

Bitcoin slipped to $79,200 in Asian hours Thursday — down 2.3% on the day — after the $80,000 level that had held as a floor for most of the past week gave way under a double hit of macro and geopolitical pressure. Chinese President Xi Jinping warned Donald Trump of potential "collision or even clashes" over Taiwan during their summit at the Great Hall of the People, the first U.S. presidential visit to China in nearly a decade. China's readout of Xi's remarks was released before the meeting had even concluded, rattling risk sentiment globally.

Solana led the broader crypto selloff with a 5.6% drop to $90, erasing most of its two-week outperformance. Ether fell 2.1% to $2,250, BNB shed 1.6% to $660, and XRP slipped 1.7% to $1.43. Dogecoin was the lone holdout, up 0.9% to $0.1126.

The macro backdrop compounded the pressure. Wednesday's PPI came in at 1.4% month-over-month against a…