Bitcoin Falls to $80,389, Ethereum Slides 3% on Hot CPI, Iran Tensions

Bitcoin dropped over 1% to $80,389 and Ethereum fell about 3% to $2,259 on May 12, 2026, pressured by a hotter-than-expected April CPI report (+3.8% YoY, +0.6% MoM) and escalating Iran conflict risks. This reversed gains from May 11, when Bitcoin opened at a six-month high of $82,164 (strongest since Jan. 31) before easing to $80,972 (+1.9% vs. Sunday), and Ethereum opened at $2,369 (+1.8% vs. Sunday) amid President Trump's rejection of Iran's peace proposal. Bitcoin stays up 11.9% monthly but down 21.5% yearly, underscoring volatility to macro and geopolitical drivers.