Bitcoin rally stalls ahead of U.S. inflation report as XRP, SOL prices hit resistance: Crypto Daily
CoinDesk
Crypto markets paused before U.S. inflation data, with XRP and SOL facing price resistance.Summary
Bitcoin's rally has stalled around the $80,000-$82,000 range, with traders awaiting the U.S. consumer price index (CPI) report for April. Analysts anticipate a higher CPI reading than in March, potentially increasing risk aversion due to geopolitical factors like the Iran conflict and elevated oil prices. Meanwhile, XRP and Solana (SOL) are encountering resistance at key price levels, with XRP testing $1.50 and SOL nearing $97. Despite these headwinds, institutional demand for crypto remains strong, as evidenced by significant inflows into XRP and Bitcoin ETFs, though Ether ETFs saw outflows. Traditional markets also show signs of risk aversion, with WTI crude futures rising and Nasdaq futures falling.
(Source：CoinDesk)