Live markets: Bitcoin holds $80,000 as stocks sink, yields rise on ugly inflation print
Analysis
Price Impact
LowDespite a three-year high in inflation and market expectations of potential fed rate hikes, bitcoin has shown remarkable resilience, holding steady around $80,000. this suggests that the market may have already priced in such economic data, or that bitcoin is decoupling from traditional market reactions to inflation.
Trustworthiness
HighPrice Direction
NeutralThe data indicates bitcoin is 'holding steady' and is 'roughly flat over the past 24 hours,' despite negative economic news. this suggests a current lack of strong directional movement, leaning towards neutrality in the immediate aftermath.
Time Effect
ShortThe immediate impact of the inflation report and its implications for fed policy are the primary focus. while longer-term effects are possible, the current analysis pertains to the short-term reaction and market pricing of this specific economic event.
Original Article:
Article Content:
live Updated just now Live markets: Bitcoin holds $80,000 as stocks sink, yields rise on ugly inflation print Inflation rose to a three-year high in April, according to this morning's Consumer Price Index report. By Stephen Alpher Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Poor inflation data hits markets (Maria Lin Kim/Unsplash) just now · 3:05 PM Stephen Alpher Share Share this post Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin flat following disappointing inflation data Bitcoin holding steady after poor inflation data (Unsplash) Core consumer prices — which would have stripped out what everyone already knew were surging energy costs — rose 0.4% in April , double March's 0.2% pace and higher than 0.3% expected by economists. On a year-over-year basis, core CPI rose 2.8% versus 2.6% in March and 2.7% forecast. Headline CPI — which does include energy costs — was higher by 3.8% in April versus just 3.3% in March and 3,7% expected. That 3.8% was the fastest pace of inflation since May 2023. The data has market participants quickly pricing in Federal Reserve rate hikes — a massive change from weeks ago, when the question was how often the Fed would be cutting rates in 2026. According to CME FedWatch, markets are seeing more than a 35% chance of one or more rate hikes this year. The news has helped send stocks lower, led by the Nasdaq's 1.3% decline. Bitcoin (BTC), though, has been holding steady, currently trading at $80,500, roughly flat over the past 24 hours. Major altcoins like ether (ETH) and XRP (XRP) are down closer to 2.5%. Latest Crypto News 1 Spot XRP ETFs attract biggest inflows since January 57 minutes ago 2 France’s central banker Beau clashes with Lagarde over private digital euro plans 1 hour ago 3 EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus 1 hour ago 4 Kraken parent, Franklin Templeton to develop onchain investment products 1 hour ago 5 Elliptic raises $120 million backed by Nasdaq, Deutsche Bank as AI reshapes crypto security 1 hour ago 6 CoinDesk 20 performance update: SUI drops 4.9%, as index trades lower 1 hour ago 7 Hot inflation data pours cold water on Federal Reserve rate cut hopes 2 hours ago 8 CleanSpark stock slides 9% as quarterly earnings miss estimates on bitcoin holdings loss 2 hours ago 9 DTCC builds out blockchain-based collateral system with Chainlink integration 2 hours ago 10 Exodus dumps 1,000 bitcoin: Why the crypto wallet is cashing out to fund a payments empire 3 hours ago Latest Research Owning All Three: Jito’s Stack Play - JTX and the Third Layer Why it matters : Jito owns Solana's MEV stack; JTX adds a trading frontend capturing DEX fees and internalising MEV. Hedges bear, layers upside in bull - if unlocks clear. View Full Report More From Markets Spot XRP ETFs attract biggest inflows since January EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus Hot inflation data pours cold water on Federal Reserve rate cut hopes