US Inflation Hits 3.8% Sparking Broad Market Sell-Off and Bitcoin Dip Below $80,000

US April CPI rose to 3.8%, triggering equity declines in tech and crypto sectors. Bitcoin briefly dipped below $80,000, while gold fell 2% and crude oil surged over 4% amid macro uncertainty.

Per Woofun AI, US April CPI year-on-year inflation reached 3.8%, marking a nearly three-year high and igniting a broad-based risk-off sentiment across global asset classes. This macroeconomic pressure drove significant losses in US equities, particularly within the semiconductor and crypto-related sectors. While the Dow Jones Industrial Average managed a marginal 0.1% gain, the S&P 500 and Nasdaq Composite retreated by 0.16% and 0.7% respectively. Semiconductor stocks faced heavy selling, with Qualcomm (QCOM.O) plunging 11% and Intel (INTC.O) dropping over 6%.

Concurrently, crypto-exposed equities such as MicroStrategy (MSTR), Coinbase (COIN), and Circle (CRCL) declined between 4% and 6%.