Crypto Markets Stall Before U.S. Inflation Data; XRP, SOL Rejected at Key Levels
Bitcoin's rally stalled around $80,000–$82,000 as traders await the U.S. April CPI report, expected to accelerate to 3.7% year-over-year, up from March's 3.3%. The reading, combined with elevated oil prices and Iran tensions, could trigger risk aversion. Core CPI is forecast at 2.7%. Meanwhile, XRP tested $1.50 and SOL approached $97, both facing persistent selling pressure. Institutional demand via spot ETFs is rising: XRP ETFs saw $25.8M inflows, the highest since Jan 5, while BTC and SOL ETFs also attracted funds. Ether ETFs lost $16.9M. In traditional markets, WTI crude jumped 3% and Nasdaq futures dropped 0.7%, signaling caution. Analysts warn of heightened volatility from the convergence of geopolitics, inflation, and central bank expectations.
Key facts
- Bitcoin stalled at $80,000–$82,000 ahead of U.S. April CPI expected at 3.7%.
- XRP tested $1.50 and SOL approached $97, both rejected by selling pressure.
- XRP spot ETFs saw $25.8M inflows, strongest since Jan 5; Ether ETFs lost $16.9M.
- WTI crude rose 3%, Nasdaq futures fell 0.7%, signaling risk aversion.
- Analysts warn of volatility from inflation, geopolitics, and central bank expectations.