Bitcoin rolled back to $81,200 after dipping to $79,800 on Tuesday's hotter-than-expected U.S. inflation reading, while BNB zoomed 2.5% over 24 hours and dogecoin added 1.3% as crypto funds saw their strongest weekly inflows in months.

What to know:

Bitcoin briefly dipped on a hotter-than-expected April inflation reading but quickly rebounded to about $81,000, signaling aggressive dip-buying and resilience to macro jitters.

Crypto funds saw $858 million in inflows last week, led by bitcoin products and the largest weekly unwind of bitcoin short positions this year, pointing to fading bearish bets even as traditional markets wobbled.

Analysts say bitcoin is pausing below its downward-sloping 200-day moving average after a rally, with structural buyers and regulatory tailwinds, such as the CLARITY Act compromise, supporting the market ahead of key Senate and economic events.

FxPro's chief market analyst Alex Kuptsikevich said the broader sentiment index has settled just below the midpoint of its range, recording readings of 47, 48 and 49 over the past three days, suggesting bears still have a slight upper hand.

"Although this line is trending downwards, the market has failed to break through it for the past six days. On the other hand, as the decline is quite modest, it resembles nothing more than a breather following a rally."

CoinShares also noted that last week's inflow surge came alongside a compromise on stablecoin yield treatment under the CLARITY Act, which the Senate Banking Committee is expected to consider next week. The regulatory progress is one of the few clean tailwinds the market has had since the Iran war began, and it is showing up in the flow data rather than the price action.

For now, bitcoin holding $81,000 after a CPI print this hot and a Treasury yield setup this tight is the kind of behaviour that suggests structural buyers are still active under the price. Whether that holds through next week's Senate markup and the next round of macro data is the next test.

View sources >>  Bitcoin back above $81,000 after hot CPI print, BNB, DOGE lead majors' gains