Bitcoin slipped toward the $80,000 level on Tuesday as broader crypto markets retreated alongside Wall Street, with the total digital asset capitalization falling 1.6% to roughly $2.76 trillion over the past 24 hours.
The leading cryptocurrency was changing hands at $80,262 at press time, down 1.7% on the day and 1.3% lower on the week, according to CoinGecko. Ether fared worse, sliding 2.8% to $2,265 and extending its weekly decline to 4.7%.
Most of the Top 20 tokens traded in the red. Solana dropped 3.7% to $94, although it remains 10% higher over the past week. Cardano slid 4.2%, while Hyperliquid's HYPE token shed 3.5% to $40.32 and is down 8.5% on the week.
XRP fell 3.5% to $1.43, BNB lost 1.1% to $653, and Dogecoin gave up 2.4%.
US consumer prices rose 0.6% in April and 3.8% from a year earlier, according to the Bureau of Labor Statistics, marking the highest annual headline reading since May 2023 and coming in a touch above the 3.7% Dow Jones estimate. Core CPI, which strips out food and energy, climbed 0.4% on the month and 2.8% annually, also topping forecasts.
