Bitcoin Reclaims $81,000 After Inflation Data as BNB Lead Crypto Gains

Bitcoin climbed back above $81k after briefly falling below the level following stronger than expected US inflation data. Btc dropped to around $79,879 on Tuesday after the April Consumer Price Index (CPI) came in at 3.8% year-over-year, higher than market expectations.

The inflation increase was largely linked to rising gasoline prices following growing tensions in the Middle East. Despite the initial sell-off, Bitcoin quickly recovered and traded near $81,200 by Wednesday morning, showing signs of strong dip-buying from investors.

BNB and Dogecoin Lead Gains Among Major Cryptocurrencies

Among major cryptocurrencies, BNB recorded the strongest performance, rising 2.5% over the past 24 hours to trade near $677. Dogecoin (DOGE) also posted gains, climbing 1.3% to around $0.1114.

Meanwhile, Ethereum (ETH) slipped 0.3% to roughly $2,300, extending its weekly decline to 3.2%. Solana (SOL) fell 0.6% to $95.

Crypto Investment Flows Show Growing Confidence

Despite inflation concerns, crypto investment products continued attracting strong inflows. Digital asset funds recorded $858 million in inflows last week, with Bitcoin related products leading at $706 million. Ethereum products attracted $77 million, while Solana and XRP products brought in $48 million and $40 million, respectively.

Bitcoin Faces Key Resistance Near 200-Day Moving Average

Market analysts noted that Bitcoin is currently trading below its downward-trending 200-day moving average, an important technical resistance level. However, the recent price pullback remains limited, suggesting the market may simply be cooling after a strong rally rather than entering a deeper decline.