Bitcoin stabilized above $81,000 after briefly slipping under $80,000 following a stronger-than-expected U.S. inflation report, while BNB and dogecoin led gains among major cryptocurrencies as fund inflows picked up sharply.

The largest digital asset fell to around $79,800 late Tuesday after April’s CPI came in at 3.8% year-over-year, exceeding expectations and largely driven by higher fuel costs linked to ongoing geopolitical tensions. The decline was quickly reversed, with buyers stepping in to push bitcoin back to roughly $81,200 during Asian trading hours, leaving it marginally higher over the past 24 hours.

Among major tokens, BNB outperformed with a gain of about 2.5%, while dogecoin rose around 1.3%. Ether continued to lag, posting a slight daily loss and extending its weekly decline. Solana and XRP also edged lower, highlighting mixed momentum across the broader market.

Traditional financial markets reacted more negatively to the inflation surprise. U.S. equities slipped, with technology stocks—particularly semiconductors—leading the decline after a period of strong gains.

Meanwhile, bond markets reflected persistent inflation pressures. The U.S. two-year Treasury yield remained just below 4%, while Japan’s long-term yields climbed to multi-decade highs, underscoring the global impact of elevated energy prices.

Despite the macro headwinds, capital flows into crypto remained robust. CoinShares reported $858 million in inflows into digital asset funds last week, with bitcoin accounting for the majority, followed by smaller inflows into ether, solana, and XRP.

A key development was the continued unwinding of bearish positions. Bitcoin short products saw $14 million in outflows, marking the largest weekly reduction in short exposure this year. This suggests investors are scaling back downside bets even as broader market conditions remain uncertain.

Sentiment indicators, however, remain slightly cautious, hovering just below neutral levels and indicating that bearish pressure has yet to fully fade.

From a technical perspective, bitcoin continues to encounter resistance near its 200-day moving average, a level that has capped recent upside attempts. Still, the relatively modest pullback suggests the market may be consolidating rather than reversing course.

Regulatory progress may also be offering support. The recent surge in inflows coincided with developments around stablecoin legislation under the proposed CLARITY Act, which is expected to be reviewed by U.S. lawmakers in the near term. This has emerged as one of the few supportive catalysts amid a challenging macro backdrop.

For now, bitcoin’s ability to hold above $81,000 despite elevated inflation and rising yields points to resilient underlying demand. The next test will likely come from upcoming economic data and regulatory developments, which could determine whether the current recovery can continue.