Key notes
- The American CPI data triggered optimism around volatile assets such as Bitcoin.
- More than 80% of voters on Polymarket expect a new ATH for the price of the BTC.
- Polymarket data also shows increased speculation around the purchase of the next BTC of the strategy. .
Bitcoin
BTC
$ 96 611
24h volatility:
2.1%
COURTIC CAPESSION:
$ 1.92 T
Flight. 24 hours:
$ 29.09 B
For Altcoins to the same corner, the cryptography market was assisted by a sudden rush after data from the American consumer price index was revealed yesterday May 13.
The United States inflation rate arrived from 2.3% in annual shift for April, while many analysts predicted the number of stay at 2.4% of March, according to Investing.com data.
As expected, the drop in the inflation rate has brought an upward dynamic on the cryptocurrency market. The global market capitalization of cryptography increased from 3.25 billions of dollars to 3.40 billions of dollars in less than 12 hours on May 13, according to CoinmarketCap data.
The CMC Fear and Greed index leaned more towards the Haussier zone, currently seated at 74 years.
Crypto’s main asset, Bitcoin, has increased from $ 103,000 to $ 105,000. Market movements show that the accumulation of Altcoin has surpassed digital gold.
New heights? When?
The United States inflation report has shown a strong influence on the cryptography market. This time, it was a solid bullish catalyst, compensating for the six -week sales pressure launched by Trump’s “Liberation Day” – the day of implementation of reciprocal prices on global economies.
According to Polymarket data, a decentralized market prediction platform, more than 80% of bettors on the Bitcoin price think that the asset will reach a new summit of all time in May.
The data show that 50% expect BTC to reach the $ 110,000 mark, while 25% are targeting $ 115,000. From this count, 5% think that Bitcoin can break $ 125,000 before June.
In another survey, Polymarket users expect the strategy (formerly Microstrategy) accumulates more bitcoin before May 20. The chances of another accumulation of the Business Intelligence Company reached 90%.
Bitcoin is expected to cross the $ 106,000 mark and maintain above $ 103,000 support to strengthen its momentum to another ATH.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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