$BTC The cryptocurrency market cap declined by 1.3% in the past 24 hours.

The US inflation data is expected to be released today, May 13.

Key indicators suggest a potential bull run for the crypto market.

After nearly a month of high volatility and upward momentum, Bitcoin

BTC

$96 611

and the broader crypto market are seeing a correction hours before the US Consumer Price Index data release.

Bitcoin fell from its local high of $105,000 to $102,600. According to CoinMarketCap data, the global crypto market cap declined 1.3% to $3.29 trillion.

The total crypto trading volume, on the other hand, increased by 44% to $179 billion. Tether’s USDT alone accounts for $129 billion in trading