Quick overview

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The cryptocurrency market traded moderately lower on Tuesday, with Bitcoin falling 1.3% over the past 24 hours to $79,473, while Ethereum slipped 1.1% and lost the key $2,300 level, trading around $2,257.

Among altcoins, the picture was mixed. Dogecoin led gains with a 2.7% rebound, while Solana was the day’s worst performer, dropping 4%. XRP, Cardano, and Chainlink traded with more limited moves.

Meanwhile, the Fear & Greed Index fell to 42 points, returning to “fear” territory, while spot Bitcoin ETFs recorded net outflows of $233 million on Tuesday, reflecting a more cautious stance from institutional investors in the short term.

In this context, the $80,000–$81,000 region remains an important support zone for Bitcoin, while a more sustained recovery will likely depend on renewed institutional inflows and a more favorable macroeconomic backdrop.

U.S. inflation data comes in hotter than expected

The crypto market continues to digest an unfavorable macroeconomic report. The U.S. Bureau of Labor Statistics announced that the Consumer Price Index (CPI) rose to 3.8% in April, above analysts’ expectations.

The main driver behind the increase was higher energy prices linked directly to the conflict in the Middle East. Core inflation — which excludes food and energy — also surprised to the upside, rising to 2.8%, compared with the 2.7% expected by the market.

Although annual inflation accelerated, strengthening the U.S. dollar and reducing part of investors’ appetite for risk assets, Bitcoin managed to remain near key levels, showing resilience even in a more challenging macroeconomic environment.

Clarity Act and Trump-Xi summit in focus

On the regulatory front, investors are also watching for developments surrounding the CLARITY Act, the proposed U.S. crypto market structure legislation. The bill is expected to be reviewed next week, potentially becoming a new catalyst for the sector.

At the same time, markets remain focused on the upcoming meeting between Donald Trump and Xi Jinping, which could influence broader sentiment across global financial and digital asset markets.