#CryptoCPIWatch
The Bitcoin currency declined today, Tuesday, May 13, 2025, to below $102,400, as investors took profits ahead of the release of the U.S. Consumer Price Index (CPI) data. This decline reflects the prevailing caution in the markets, as traders await inflation indicators that could influence the Federal Reserve's decisions regarding interest rates.
Despite this decline, technical analyses indicate a bullish divergence in the Relative Strength Index (RSI), which may signal a potential price rebound if the inflation data comes in lower than expected.
At the same time, alternative cryptocurrencies have fallen by up to 7%, reflecting the impact of global economic concerns on the cryptocurrency market. Attention remains focused on the U.S. CPI data, as it could determine market trends in the upcoming period.