05/13/2026
Bitcoin Back Above $81,000 After Hot CPI Print, BNB and DOGE Lead Major Gains
Bitcoin just passed one of its most important tests of the year — and the way it passed it says a lot about where the market stands.
Bitcoin briefly dipped on a hotter-than-expected April inflation reading but quickly rebounded to about $81,000, signaling aggressive dip-buying and resilience to macro jitters. The largest cryptocurrency dropped to $79,879 after the April Consumer Price Index came in at 3.8 percent year-over-year, hotter than economists had estimated, with gasoline prices doing most of the lifting since the Iran war began. Crypto funds saw $858 million in inflows last week, led by bitcoin products and the largest weekly unwind of bitcoin short positions this year. MSN
BNB led the major altcoins with a 2.45 percent gain. Dogecoin added 1.83 percent. Ethereum was the clear laggard, sliding on the day. Wallets holding between 10 and 10,000 BTC have collectively added over 16,600 BTC in the past month alone — enormous whale-level accumulation happening quietly beneath the surface. Meanwhile, addresses holding less than 0.01 BTC have reduced their exposure during the same window — a classic sign of fear among smaller retail traders. In previous bull cycles, this exact divergence has consistently preceded major price rallies. MarketScreener
The 200-day moving average at $82,228 is now both a technical and fundamental ceiling. Getting above it requires either a macro shift, a CLARITY Act catalyst, or enough spot demand to overpower the sellers who have been waiting there all week. The CME FedWatch Tool now shows markets expect rates to stay unchanged through 2026 and into next year. Bank of America pushed its first cut forecast to the second half of 2027. Investing.com
Bitcoin absorbed a hot CPI print, held $80,000, and bounced. Whales are accumulating. Short positions are being unwound. The macro got harder, but Bitcoin's structure did not break. Now all eyes are on PPI data today and the CLARITY Act Senate markup on Thursday.
Where do you think Bitcoin closes this week? Comment below.