Crypto markets recover as Bitcoin climbs back above $81,000 following a higher-than-expected U.S. CPI print.
Bitcoin recovered to $81,200 after briefly dropping to $79,800 on Tuesday’s hotter-than-expected U.S. inflation report. The rebound followed a sharp but short-lived sell-off triggered by concerns over persistent price pressures.
Prior to the CPI release, Bitcoin had traded near $81,000, with market consensus anticipating a modest pullback. The inflation data, however, exceeded forecasts, prompting a swift dip before buyers stepped back in.
Altcoins led gains, with BNB rising 2.5% and Dogecoin adding 1.3% over 24 hours. Crypto funds also saw their strongest weekly inflows in months, signaling renewed investor appetite.