Bitcoin Price Holds Above $80K Despite Hot CPI Report

Bitcoin's price has experienced some volatility in the past 24 hours, dipping below $80,000 before quickly recovering above $81,000. This brief dip was a minor blip on the radar of overall market performance.

Santiment data shows that large stakeholders have been accumulating Bitcoin consistently, with an increase of 16,622 BTC in May so far. In contrast, smaller investors have been hesitant to invest in the cryptocurrency, selling off 28 BTC in the same period.