Bitcoin Rebounds from CPI Print, Maintains $81,000 Level

Bitcoin's price has shown resilience after a brief dip following the release of the April Consumer Price Index (CPI) figures. The CPI came in at 3.8% year-over-year, higher than economists' estimates, which caused a sell-off in traditional markets.

The largest cryptocurrency dropped to $79,879 in late U.S. hours on Tuesday but quickly recovered to $81,208 by Asian morning Wednesday, marking a gain of 0.3% over the past 24 hours. This bounce back is a testament to the structural buyers that remain active under the price.

Other major cryptocurrencies also saw gains, with Binance Coin (BNB) leading the pack at 2.5%, followed by dogecoin at 1.3%. In contrast, Ether and Solana experienced losses of 0.3% and 0.6%, respectively.