Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors gains

Key Topics in this News Article:
News Snapshot:

Bitcoin BTC$ 81,181.05 shrugged off the inflation scare almost as quickly as the print landed. 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. BTC recovered to $81,208 by Asian morning Wednesday, ending the session up 0.3% over 24 hours after trading a $1,400 range. The dip got bought aggressively. Among the majors, BNB led with a 2.5% gain to $677, while dogecoin added 1.3% to $0.1114. Ether dropped…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!

  • This field is hidden when viewing the form