Bitcoin Rebounds Above $81K As Viral Tokens Sink

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Bitcoin (BTC) bounced back above $81K after briefly slipping below the $80K level following hotter-than-expected U.S. inflation data. The recovery came as traders absorbed rising CPI numbers tied to higher fuel prices and renewed geopolitical pressure surrounding Iran. Though BTC stabilized overnight, several speculative altcoins and viral tokens continued falling sharply across the crypto market.

Bitcoin Stabilizes After Inflation Shock

U.S. inflation data released on May 12 showed CPI rising to 3.8%, its highest level since May 2023, and core inflation also came in above expectations. The numbers triggered another round of volatility across risk assets, including crypto.

Bitcoin initially dropped below $80,000 during the reaction but quickly recovered as buyers stepped back in. At the time of writing on May 13, BTC is trading around $80,800 after reclaiming most of the losses from the CPI-induced dip.

Specifically, the price of Bitcoin now stands at $80,811.17, which indicates an increase of 0.2% in the last 24 hours, a 1.3% drop across the past seven days, and a 14.4% gain accumulated over the month, according to the most recent chart information.

The rebound extends a volatile week for Bitcoin. BTC briefly surged above $82,000 earlier after reports suggested Iran had sent another peace proposal to the U.S. However, markets reversed after President Donald Trump publicly rejected the proposal and called it “totally unacceptable.”

Despite the turbulence, Bitcoin’s market dominance remains above 58%, showing traders are still favoring BTC over smaller altcoins during periods of macro uncertainty.

Bitcoin’s market capitalization remains near $1.62 trillion despite elevated volatility across global markets.

BNB Flips XRP Again While Viral Tokens Slide

The fight for the fourth-largest crypto asset by market capitalization shifted again over the past 24 hours. Binance Coin (BNB) climbed more than 2%, which allowed it to overtake XRP once more as XRP traded mostly flat.

Dogecoin (DOGE) also held onto gains above $0.11, whereas Ethereum (ETH), TRON (TRX), and Litecoin (LTC) posted modest advances during the rebound.

On the losing side, several high-beta and speculative tokens saw heavier selling pressure. Viral token VVV dropped more than 17% on the day, making it one of the sharpest declines among larger altcoins. Toncoin (TON), ONDO, PENGU, and SUI also remained deep in the red as traders rotated away from riskier assets following the inflation data.

The total crypto market cap held near $2.78 trillion even as traders reduced exposure to smaller speculative tokens.

So, is this a good time to buy crypto? It might be, especially for BTC, as the price action suggests traders are still treating Bitcoin as the relative safe haven inside crypto during periods of macro and geopolitical stress, whereas meme coins and momentum trades absorb most of the downside pressure.

The post Bitcoin Rebounds Above $81K As Viral Tokens Sink appeared first on TechGaged.com.