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....
Key takeaways
- 1Bitcoin recovered to $81,200 after dipping to $79,800 on hotter-than-expected 3.8% April CPI reading, showing resilient dip-buying.
- 2Crypto funds received $858 million in weekly inflows with $14 million unwinding of bitcoin short positions, largest weekly short cover of 2026.
- 3BNB gained 2.5% and DOGE added 1.3% while Senate Banking Committee prepares to consider CLARITY Act stablecoin compromise next week.
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Why it matters
For Indian retail investors, Bitcoin's resilience amid U.S. inflation concerns and positive fund flows suggest institutional conviction despite macro headwinds. Regulatory progress through the CLARITY Act could improve cryptocurrency legitimacy and adoption in Western markets, indirectly supporting long-term crypto valuations globally.
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