#CryptoCPIWatch The cryptocurrency market, particularly Bitcoin, is experiencing fluctuations as traders await the US Consumer Price Index (CPI) data release. Here's what's happening:

- *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, with a 1.19% decrease.

- *Market Sentiment*: Analysts believe the $100,000 mark remains a critical psychological and liquidation level, with over $3.4 billion in long positions exposed to downside risk if selling pressure continues.

- *Impact of US CPI Data*: A softer CPI print could reignite bullish momentum, while a higher-than-expected number might strengthen the dollar and weigh on crypto prices.

- *Institutional Demand*: Despite the dip, 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.

*Key Market Indicators:*

- *Bitcoin Dominance*: Maintaining its lead as the most valuable cryptocurrency with a market capitalization of $2.16 trillion.

- *Altcoin Performance*: Mixed sentiment, with Ripple (XRP) rising 4% and leading altcoin gains, while Ethereum (ETH), Cardano (ADA), Solana (SOL), and Binance Coin (BNB) experienced losses ¹.