#BitcoinForecast Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains
Bitcoin rolled back to $81,200 after dipping to $79,800 on Tuesday's hotter-than-expected U.S. inflation reading, while BNB zoomed 2.5% over 24 hours and dogecoin added 1.3% as crypto funds saw their strongest weekly inflows in months.
What to know:
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.
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. Solana slipped 0.6% to $95.52. XRP traded at $1.45, down 0.5% on the day.
Asian equities clawed back early losses after the White House confirmed Nvidia CEO Jensen Huang would join President Donald Trump's trip to China
The flows underneath crypto are still positive. CoinShares reported global crypto fund inflows of $858 million last week, with bitcoin products absorbing $706 million, ether $77 million, solana $48 million, and XRP $40 million.
For now, bitcoin holding $81,000 after a CPI print this hot and a Treasury yield setup this tight is the kind of behaviour that suggests structural buyers are still active under the price. Whether that holds through next week's Senate markup and the next round of macro data is the next test.
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