Bitcoin (BTC) Rebounds Above $81K Despite Hot Inflation Data While US Futures Climb

TLDR

• Bitcoin fell to $79,879 following April’s stronger-than-anticipated CPI data of 3.8%, before climbing back to $81,208
• BNB topped cryptocurrency performance with a +2.5% gain, while Ether underperformed with a seven-day decline of -3.2%
• Digital asset investment products attracted $858 million in weekly capital, including $14 million exiting bitcoin short strategies
• US equity futures advanced Wednesday following Tuesday’s decline, with S&P 500 futures climbing 0.3%
• Trump departs for China to meet with Xi Jinping, accompanied by leading tech industry executives

Bitcoin staged a recovery above the $81,000 threshold after experiencing a temporary decline triggered by Tuesday’s inflation figures. Concurrently, US equity index futures demonstrated upward momentum as investors shifted attention from economic data toward international diplomatic engagements.

The Consumer Price Index for April registered 3.8% on an annual basis, surpassing consensus forecasts from economists. Rising gasoline costs, fueled by escalating tensions involving Iran, played a significant role. Bitcoin’s price touched $79,879 immediately following the release but rebounded to $81,208 by Wednesday’s Asian trading session.

The digital currency market demonstrated greater stability compared to conventional financial markets. The S&P 500 declined 0.2% while the Nasdaq 100 shed 0.9% on Tuesday, with chip manufacturing stocks bearing the brunt of losses.

Within the cryptocurrency sector, BNB advanced 2.5% to reach $677, and Dogecoin climbed 1.3% to $0.1114. Ether decreased 0.3% during the session and has fallen 3.2% across the past week, positioning it as the poorest performer among leading digital assets. Solana declined 0.6% to $95.52, and XRP dropped 0.5% to $1.45.

Digital Asset Investment Products Record Robust Weekly Capital Influx

CoinShares data revealed $858 million in worldwide cryptocurrency fund deposits during the previous week. Bitcoin-focused products dominated with $706 million, trailed by Ether at $77 million, Solana capturing $48 million, and XRP attracting $40 million.

The most significant indicator emerged from $14 million exiting bitcoin short strategies. This represented 2026’s largest weekly unwinding of bearish positions, suggesting pessimistic wagers against bitcoin are diminishing despite mounting economic uncertainty.

FxPro market analyst Alex Kuptsikevich observed that bitcoin has encountered resistance just beneath its declining 200-day moving average. He characterized the current consolidation as “a breather following a rally” instead of a trend reversal.

CoinShares attributed the capital influx partially to advancement on the CLARITY Act. A negotiated agreement regarding stablecoin yield provisions is anticipated for Senate Banking Committee evaluation in the coming week.

Equity Markets Monitor Trump’s China Trip and Federal Reserve Chair Nomination

Wednesday witnessed US stock index futures trending upward. Dow futures remained relatively unchanged, S&P 500 futures increased 0.3%, and Nasdaq 100 futures advanced 0.5%.

President Trump embarked on a journey to China for discussions with President Xi Jinping addressing trade policy and artificial intelligence development. Top technology executives including Tesla’s Elon Musk, Apple’s Tim Cook, and Nvidia’s Jensen Huang accompany the delegation.

Reports confirming Nvidia’s Jensen Huang would participate in the China delegation boosted semiconductor stock futures during Asian market hours.

Market participants are simultaneously monitoring ceasefire negotiations with Iran, which Trump characterized as remaining on “life support.” Crude oil valuations have risen throughout the week amid the ongoing confrontation.

Wednesday’s schedule includes producer price index data, quarterly earnings announcements from Cisco Systems, Alibaba, and Birkenstock, plus a Senate confirmation hearing for Kevin Warsh as the prospective Federal Reserve chair.

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