Bitcoin Bounces Back to $81k After Hot CPI – Crypto Surge Sparks Record Gains!

Markets

What to know:

Bitcoin shrugged off the inflation scare almost as quickly as the print landed.

Bitcoin’s price fell to $79,879 late Tuesday in the U.S. after a report showed inflation remained higher than expected at 3.8% year-over-year, largely due to rising gasoline prices connected to the conflict in Iran. By Wednesday morning in Asia, the price had recovered to $81,208, finishing the day up 0.3% overall, despite a $1,400 price swing. The price drop attracted a lot of buying, indicating strong investor interest.

BNB saw the biggest gains among major cryptocurrencies, rising 2.5% to $677. Dogecoin also increased, going up 1.3% to $0.1114. However, Ether experienced a slight dip, falling 0.3% to $2,300 over the past 24 hours and is down 3.2% over the last week, making it the worst performer in this group. Solana decreased by 0.6% to $95.52, and XRP traded at $1.45, down 0.5% for the day.

The latest inflation data (CPI) caused more of a reaction in traditional markets than in the crypto market. The S&P 500 declined slightly by 0.2%, and the Nasdaq 100 fell by 0.9%. Semiconductor stocks were hit hardest, especially after having seen strong gains recently.

The yield on the two-year Treasury note stayed just below 4%. Meanwhile, Japan’s 20-year bond yield rose to its highest point since 1997, exceeding its previous high from January. This increase is happening as rising energy costs contribute to growing inflation worldwide.

I’m seeing a positive turn in Asian equity markets this morning. Initially down, they’ve recovered thanks to news that Nvidia’s CEO, Jensen Huang, will be accompanying President Trump on his upcoming trip to China. This announcement has particularly boosted futures trading for chipmakers, suggesting investor optimism about potential deals or collaborations.

Despite market fluctuations, money continues to flow into crypto. Last week, global crypto funds saw an inflow of $858 million, according to CoinShares. Bitcoin accounted for the majority of this, with $706 million, while ether, solana, and XRP received $77 million, $48 million, and $40 million respectively.

The most significant development was $14 million exiting short positions in Bitcoin – the largest weekly reduction in these bets so far in 2026. Despite increasing uncertainty in the broader economic environment, money is flowing out of bets against Bitcoin, a pattern that often suggests prices are about to rise, rather than fall further.

According to FxPro’s Alex Kuptsikevich, market sentiment is currently leaning slightly towards the negative side. Over the last three days, the sentiment index has remained around 47 to 49, indicating that sellers are still marginally in control.

Bitcoin’s price gains stalled as it neared its 200-day moving average, a line used to indicate the long-term trend and filter out daily price fluctuations, according to a recent analysis.

“Although this line is trending downwards, the market has failed to break through it for the past six days. On the other hand, as the decline is quite modest, it resembles nothing more than a breather following a rally.”

CoinShares observed that the recent increase in investment last week coincided with potential progress on how stablecoins are regulated, as part of the CLARITY Act, which will be reviewed by the Senate Banking Committee next week. This positive regulatory development is a rare bright spot for the market since the start of the conflict in Iran, and it’s currently more visible in investment patterns than in price changes.

As a crypto investor, I’m feeling pretty good that Bitcoin’s managed to stay above $81,000, especially after that surprisingly high inflation report and with bond yields where they are. It suggests there are still serious buyers stepping in to support the price. Now, the big question is whether this strength will last – next week’s Senate hearing and the next batch of economic data will be a real test of that.

In this article

Read More

• FRONT MISSION 3: Remake coming to PS5, Xbox Series, PS4, Xbox One, and PC on January 30, 2026
• Taylor Sheridan’s Gritty 5-Part Crime Show Reveals New Final Season Villain
• The Boys Season 5, Episode 5 Ending Explained: Why Homelander Does THAT
• Mark Zuckerberg & Wife Priscilla Chan Make Surprise Debut at Met Gala
• From season 4 release schedule: When is episode 2 out on MGM+?
• ‘The Bride!’ Review: Jessie Buckley Breathes Life into a Monstrous Mess
• Anna Wintour Reacts to Rumors She Approves All Met Gala Looks
• Why There’s No Ghosts Tonight (Nov 27) & When Season 5, Episode 7 Releases
• Welcome to Demon School! Iruma-kun season 4 release schedule: When are new episodes on Crunchyroll?
• Ashley’s Powers in The Boys Season 5 Explained & Why They Don’t Work On [SPOILER]

2026-05-13 08:06