Jensen Huang · White House · Nvidia · China · Japan · Donald Trump · CoinDesk
Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains
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◎ Multiple-sources
Bitcoin BTC $ 80,947.38 shrugged off the inflation scare almost as quickly as the print landed.
Key facts
- BTC recovered to $81,208 by Asian morning Wednesday, ending the session up 0.3% over 24 hours after trading a $1,400 range
- Among the majors, BNB led with a 2.5% gain to $677, while dogecoin added 1.3% to $0.1114
- Ether dropped 0.3% over 24 hours to $2,300 and is now down 3.2% on the seven-day, the laggard of the cohort
- FxPro's chief market analyst Alex Kuptsikevich said the broader sentiment index has settled below the midpoint of its range, recording readings of 47, 48 and 49 over the past three days, suggesting
Summary
Bitcoin briefly dipped on a hotter-than-expected April inflation reading but quickly rebounded to about $81,000, signaling aggressive dip-buying and resilience to macro jitters. Crypto funds saw $858 million in inflows last week, led by bitcoin products and the largest weekly unwind of bitcoin short positions this year, pointing to fading bearish bets even as traditional markets wobbled. Analysts say bitcoin is pausing below its downward-sloping 200-day moving average after a rally, with structural buyers and regulatory tailwinds like the CLARITY Act compromise supporting the market ahead of key Senate and economic events. The largest cryptocurrency dropped to $79,879 in late U.S. hours Tuesday after the April Consumer Price Index came in at 3.8% year-over-year, hotter than economists had estimated, with gasoline prices doing most of the lift since the Iran war began.