{"id":427129,"date":"2026-05-12T21:37:22","date_gmt":"2026-05-12T16:07:22","guid":{"rendered":"https:\/\/dripp.zone\/news\/can-bitcoin-bulls-shake-off-a-new-us-cpi-inflation-spike-crypto-news\/"},"modified":"2026-05-12T21:52:45","modified_gmt":"2026-05-12T16:22:45","slug":"can-bitcoin-bulls-shake-off-a-new-us-cpi-inflation-spike-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/can-bitcoin-bulls-shake-off-a-new-us-cpi-inflation-spike-crypto-news\/","title":{"rendered":"Can Bitcoin Bulls Shake Off a New US CPI Inflation Spike? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin (BTC) saw classic volatility ahead of Tuesday\u2019s Wall Street open as a key US inflation gauge hit its highest levels in three years.<\/p>\n<p><strong>Key points:<\/strong><\/p>\n<ul class=\"list-bullet\">\n<li class=\"\" style=\"\" value=\"1\">US CPI inflation reaches its highest year-on-year levels since 2023.<\/li>\n<li class=\"\" style=\"\" value=\"2\">Energy prices fuel the rise, with the US-Iran war continuing to make its presence felt.<\/li>\n<li class=\"\" style=\"\" value=\"3\">Bitcoin traders retain support levels while a 200-day trend line comes in as resistance.<\/li>\n<\/ul>\n<h2>Bitcoin price on edge as CPI beats multiyear records<\/h2>\n<p>Data from TradingView showed BTC price action circling $81,000 as risk assets saw fresh headwinds.<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-hour chart. Source: Cointelegraph\/<\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" rel=\"nofollow noopener\" target=\"_blank\"><em>TradingView<\/em><\/a><\/p>\n<p>These came in the form of the April US Consumer Price Index (CPI), which at 3.8% year-on-year put inflation at its highest since 2023.<\/p>\n<p>\u201cThe index for energy rose 3.8 percent in April, accounting for over forty percent of the monthly all items increase,\u201d an <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">official news release<\/span><\/a> from the US Bureau of Labor Statistics (BLS) noted.<\/p>\n<p>The 12-month increase in energy was almost 18%, continuing to show the impact of the US-Iran war and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-hits-73k-as-cool-us-cpi-data-shows-60-year-record-gas-price-hike\"><span style=\"text-decoration: underline;\">oil-supply squeeze<\/span><\/a> on prices.<\/p>\n<p>\u201cConversely, the indexes for new vehicles, communication, and medical care were among the major indexes that decreased in April,\u201d the release added.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png\" srcset=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=320,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 320w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=480,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 480w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=640,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 640w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 960w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1280,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 1280w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1920,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png 1920w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" width=\"896\" height=\"666\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/12-month-percentage-chan-6.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>US CPI 12-month % change. Source: BLS<\/em><\/p>\n<p>Reacting, trading resource The Kobeissi Letter observed that the odds of the Federal Reserve pivoting to interest-rate hikes were \u201csurging.\u201d<\/p>\n<p>\u201cWe are now experiencing post-pandemic inflation levels amid surging oil prices,\u201d it wrote in a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/2054177816573329496\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">post on X<\/span><\/a>.<\/p>\n<figure><img alt=\"\" src=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png\" srcset=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=320,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png 320w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=480,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png 480w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=640,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png 640w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png 960w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1280,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png 1280w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" width=\"896\" height=\"737\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/screenshot-2026-05-12-at-160319.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>Fed target rate probabilities (screenshot). Source: CME Group<\/em><\/p>\n<p>The latest data from CME Group&#8217;s <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" rel=\"nofollow noopener\" target=\"_blank\">FedWatch Tool<\/a> showed expectations anchored around current rates staying in place throughout 2026 and next year.<\/p>\n<p>Crypto and risk assets tend to see downside pressure when rate hikes return, thanks to the implied lower liquidity entering the market.<\/p>\n<h2>Questions over Bitcoin&#8217;s &#8220;momentum&#8221; at the 200-day trend line<\/h2>\n<p>Bitcoin traders, meanwhile, reiterated lines in the sand that bulls should protect in the short term.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/markets\/btc-price-target-becomes-85k-next-five-things-bitcoin-this-week\"><span style=\"text-decoration: underline;\"><em><strong>BTC price target becomes $85K next: Five things to know in Bitcoin this week<\/strong><\/em><\/span><\/a><\/p>\n<p>\u201cThe 21-MA is a crucial level to look at,\u201d crypto trader and analyst Micha\u00ebl van de Poppe <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2054138065333998068\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">told<\/span><\/a> X followers on the day, referring to the 21-day simple moving average (SMA) at $78,800.\u00a0<\/p>\n<blockquote><p>\u201cThe $76K area is a crucial support zone that I fancy not to be breached, if that happens, we&#8217;ll be going substantially lower.\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png\" srcset=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=320,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 320w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=480,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 480w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=640,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 640w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 960w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1280,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 1280w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1920,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png 1920w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" width=\"896\" height=\"728\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hihdrm5xwaa6ces.png\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USDT one-day chart. Source: Micha\u00ebl van de Poppe\/X<\/em><\/p>\n<p>Trading resource Material Indicators flagged problematic resistance in the form of the 200-day SMA near $82,600.<\/p>\n<p>\u201cBulls appear to be attempting to establish an R\/S Flip at $80.7k to build foundational support for another run at breaking the 200-Day SMA,\u201d it <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/MI_Algos\/status\/2054175031714816368\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">summarized<\/span><\/a>.\u00a0<\/p>\n<blockquote><p>\u201cDo bulls have the momentum to succeed?\u201d<\/p><\/blockquote>\n<figure><img alt=\"\" src=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg\" srcset=\"https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=320,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 320w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=480,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 480w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=640,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 640w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=960,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 960w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1280,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 1280w, https:\/\/resizer.ctmedia.io\/cdn-cgi\/image\/width=1920,format=auto,quality=80,onerror=redirect\/https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg 1920w\" sizes=\"auto, (max-width: 768px) 360px, (max-width: 1024px) 728px, 896px\" width=\"896\" height=\"473\" data-original=\"https:\/\/s3-images.ctmedia.io\/media\/content\/hihlsvoxiaauvbi.jpeg\" loading=\"lazy\" decoding=\"async\"\/><\/figure>\n<p style=\"text-align: center;\"><em>BTC\/USD one-day chart. Source: Material Indicators\/X<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) saw classic volatility ahead of Tuesday\u2019s Wall Street open as a key US inflation gauge hit its highest levels in three years. Key points: US CPI inflation reaches its highest year-on-year levels since 2023. Energy prices fuel the rise, with the US-Iran war continuing to make its presence felt. Bitcoin traders retain support [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":427130,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-427129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427129","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=427129"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427129\/revisions"}],"predecessor-version":[{"id":427131,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/427129\/revisions\/427131"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/427130"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=427129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=427129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=427129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}