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Economy
Bitcoin remained stable above $81,000 on Wednesday, shrugging off higher-than-expected US consumer price index data.
Despite US inflation figures that surpassed forecasts, Bitcoin held steady above the $81,000 mark during Wednesday's trading session. Analysts viewed the resilience as a sign of strong buyer confidence and the cryptocurrency market's ability to withstand macroeconomic shifts.
The world's largest digital asset was trading at $81,117, a modest 0.17% decline over the past 24 hours. Its market capitalization stood at roughly $1.62 trillion, keeping it above the psychologically significant $80,000 threshold, according to data from CoinMarketCap.
Alternative cryptocurrencies showed a mixed picture. BNB, TRON, and Dogecoin posted gains of up to 2.41%, while XRP, Solana, Cardano, and Hyperliquid saw losses reaching 2.57%.
The global cryptocurrency market cap slipped by a marginal 0.12% to $2.7 trillion, as reported by CoinMarketCap.
Analytical reports cited experts who noted that Bitcoin's steadiness following the latest inflation data marks a behavioral shift in the market. Historically, most previous consumer price index readings triggered short-term, immediate pullbacks.
On-chain activity is also picking up. Daily Bitcoin transactions have surged 116% since the start of May, reflecting a notable increase in user engagement, according to the experts.
Analysts indicated that a sustained close above $82,500 would send a strong signal that buyers can absorb recent profit-taking waves. Market analysis units pointed out that buyer intervention when the currency dipped below $80,000 helped accelerate the recovery.
Price movements remain within a narrow range, they added, as investors await broader economic developments in the coming period.
Market experts also advised keeping a portion of cash liquidity on hand to provide greater flexibility in case the markets face deeper price corrections or sell-offs triggered by sudden volatility.
