Bitcoin and Ethereum recover marginally from early losses tied to April’s inflation data ahead of U.S.-China trade talks.
Bitcoin (BTC-USD) opened at $80,473.98 on Wednesday, down 1.5% from Tuesday, before climbing to $80,611.27 by 7:08 a.m. ET. Ethereum (ETH-USD) followed a similar pattern, opening 2.8% lower at $2,274.41 and rising to $2,299.60 in early trading.
The declines followed Tuesday’s Consumer Price Index report, which showed energy costs surging due to the Iran conflict. Year-over-year, Bitcoin is down 21.7%, while Ethereum has fallen 8.9%. Both assets remain well below their all-time highs of $126,198.07 (BTC) and $4,953.73 (ETH).
Investors are monitoring President Trump’s summit in China for potential trade agreement progress and diplomatic efforts to ease Middle East tensions.