Bitcoin Recovers to $81,200 After Inflation Scare, BNB Leads Majors with 2.5% Gain
Bitcoin briefly dipped to $79,879 following a hotter-than-expected U.S. April CPI print of 3.8% year-over-year, but quickly recovered to $81,208 by Wednesday morning, ending the session up 0.3% over 24 hours. BNB led major cryptocurrencies with a 2.5% gain to $677, while Dogecoin added 1.3%. Ether fell 0.3% to $2,300, down 3.2% on the week. The inflation data rattled traditional markets more, with the S&P 500 down 0.2% and Nasdaq 100 dropping 0.9%. Despite macro headwinds, crypto fund inflows remained strong: CoinShares reported $858 million in weekly inflows, with Bitcoin products absorbing $706 million and short Bitcoin seeing $14 million in outflows, the largest weekly short unwind of 2026. Analysts noted Bitcoin lost momentum near its 200-day moving average but viewed the pullback as a breather. Regulatory progress on stablecoin yield treatment under the CLARITY Act provided tailwinds, with the Senate Banking Committee expected to consider it next week. The resilience of Bitcoin at $81,000 suggests structural buyers remain active, with the next test being the Senate markup and upcoming macro data.
Key facts
- Bitcoin fell to $79,879 after hot CPI but recovered to $81,208, up 0.3% in 24 hours.
- BNB rose 2.5% to $677, dogecoin added 1.3%; ether dropped 0.3% to $2,300.
- Crypto funds saw $858M weekly inflows, with $14M outflows from short Bitcoin positions.
- Analyst says Bitcoin lost momentum near 200-day moving average but pullback is a breather.
- Senate Banking Committee may consider stablecoin yield treatment under CLARITY Act next week.