Open account

Bitcoin Holds Near $81K Ahead of Trump-Xi Summit Amid Iran Tensions, Post-CPI Dip

Bitcoin traded steadily around $81,000 on May 13 as markets balanced US-China summit hopes against persistent Iran tensions following a CPI print at 3.8%—highest since 2023 with 18% energy gains—that dipped BTC to $80,800. The story ignited March 3 with 700% ($3M) outflows from Iranian exchanges over USDT sanctions, surged May 2 via US-Israel strikes dropping BTC 6% to $63,038 ($515M liquidations), saw May 4 warship rumors spark $450M dumps and $301M short squeezes, peaked near $83K on May 6 de-escalation optimism, but May 8 tanker strikes erased $58B market cap. Stalled talks and neutral Fear & Greed at 50 now pin BTC between $76K-$81K supports ahead of Fed signals.

Category

Bitcoin

Sentiment

Bearish

Event

Market commentary

Reading time

1 min