Bitcoin Rebounds Amidst April Inflation Report and Diplomatic Developments

The release of the April inflation report led to a mixed reaction in financial markets. Bitcoin's price dropped to $79,879 after the announcement, but quickly recovered to above $81,000.

US stock futures, on the other hand, rose as investors shifted their focus away from the inflation data and towards diplomatic developments. President Trump's upcoming visit to China for a summit with Xi Jinping was seen as a key factor in this shift.

Crypto funds saw significant inflows last week, with $858 million invested globally. Bitcoin products led the way, with $706 million invested, followed by Ether at $77 million and Solana at $48 million.