#CryptoCPIWatch The cryptocurrency market, particularly Bitcoin, is experiencing a pullback as traders await the US Consumer Price Index (CPI) data. Here's what's happening ¹:
- *Bitcoin's Price Movement*: Bitcoin recently touched $105,700 before retreating by 3% due to potential profit-taking near the $106,000 resistance level. Currently, it's trading at $102,662.30, down 1.19%.
- *US CPI Data*: The CPI data is expected to be a critical catalyst for the market. A softer print could reignite bullish momentum, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices.
- *Institutional Demand*: Despite the pullback, institutional demand for Bitcoin remains strong, with corporations acquiring over 157,000 BTC in 2025. ETFs have also seen $934 million in net inflows over the past month.
- *Market Sentiment*: Analysts believe the dip is a healthy correction, and Bitcoin could retest $105,000 with conviction later this week. The $100,000 mark remains a critical psychological and liquidation level.
*Key Stats:*
- *Bitcoin's Market Cap*: $2.16 trillion
- *24-Hour Trading Volume*: $64.27 billion
- *Resistance Level*: $106,000
- *Support Level*: $100,000
*Altcoin Performance:*
- **Ethereum
