RoYoK
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Bullish
🌟 Bitcoin pulls back as traders brace for US CPI data; macro trends in focus
The bellwether cryptocurrency Bitcoin (BTC) recently touched $105,700 before retreating by 3 per cent, indicating potential profit-taking near the $106,000 resistance level, a zone where long-term holders may be looking to exit.
The pullback in the flagship currency coincided with broader macroeconomic shifts, including a strengthening US dollar index and renewed optimism around the US–China trade deal, which boosted equities and encouraged profit booking in crypto.
Today’s US CPI data, Riya Sehgal, research analyst at Delta Exchange, said, will be a critical catalyst. "A softer print could reignite bullish momentum on hopes of interest rate cuts, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices," Sehgal explained.
Altcoins reflected mixed sentiment. Ethereum (ETH), the second-largest cryptocurrency by market cap, slipped below the $2,600 mark after briefly crossing it. It was trading 1.90 per cent lower at $2,453.30, within a 24-hour range of $2,411.59 to $2,620.90.
Ripple (XRP) defied the broader trend, rising 4 per cent and leading altcoin gains. Meanwhile, Cardano (ADA) declined by 3 per cent, Solana (SOL) was down 2.8 per cent, and Binance Coin (BNB) dropped 1 per cent.
Analysts believe that once Bitcoin stabilises or rebounds, select altcoins could outperform in the short term.
That said, institutional demand continues to remain strong. In 2025 alone, corporations have acquired over 157,000 BTC, led by MicroStrategy-style accumulation strategies. Corporate buying now exceeds miner supply, contributing to a supply shortage reminiscent of deflationary conditions that could push prices higher over time.
#CryptoCPIWatch $SOL
The bellwether cryptocurrency Bitcoin (BTC) recently touched $105,700 before retreating by 3 per cent, indicating potential profit-taking near the $106,000 resistance level, a zone where long-term holders may be looking to exit.
The pullback in the flagship currency coincided with broader macroeconomic shifts, including a strengthening US dollar index and renewed optimism around the US–China trade deal, which boosted equities and encouraged profit booking in crypto.
Today’s US CPI data, Riya Sehgal, research analyst at Delta Exchange, said, will be a critical catalyst. "A softer print could reignite bullish momentum on hopes of interest rate cuts, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices," Sehgal explained.
Altcoins reflected mixed sentiment. Ethereum (ETH), the second-largest cryptocurrency by market cap, slipped below the $2,600 mark after briefly crossing it. It was trading 1.90 per cent lower at $2,453.30, within a 24-hour range of $2,411.59 to $2,620.90.
Ripple (XRP) defied the broader trend, rising 4 per cent and leading altcoin gains. Meanwhile, Cardano (ADA) declined by 3 per cent, Solana (SOL) was down 2.8 per cent, and Binance Coin (BNB) dropped 1 per cent.
Analysts believe that once Bitcoin stabilises or rebounds, select altcoins could outperform in the short term.
That said, institutional demand continues to remain strong. In 2025 alone, corporations have acquired over 157,000 BTC, led by MicroStrategy-style accumulation strategies. Corporate buying now exceeds miner supply, contributing to a supply shortage reminiscent of deflationary conditions that could push prices higher over time.
#CryptoCPIWatch $SOL
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.