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Bitcoin shrugs off US CPI win as Binance CEO says BTC 'leading pack'

cryptoweekly by cryptoweekly
May 13, 2025
in bitcoin, News
0

Bitcoin fails to claw its way back to $104,000 and higher despite a would-be inflation tailwind and multiple liquidity grabs over the past 24 hours.

Key points:

Bitcoin fails to capitalize on lower-than-expected US CPI data, seeing a Wall Street sell-off for a second day.

Traders see BTC/USD buying time before its next move, and a trip below $100,000 is on the cards.

Read more

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Bitcoin remains unmatched as a global inflation hedge

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