Market slides and briefly broke below $80k. As of now $BTC is trading at $80,498 and $ETH is trading at $2,274. Bitcoin dominance stands at 60.83%.
Markets weighed hotter-than-expected April CPI data, with headline inflation rising 3.8% YoY as higher energy prices linked to the Strait of Hormuz disruption pushed inflation to its highest level since May 2023. Following the release, Treasury yields moved higher and traders further pushed back expectations for Fed rate cuts.
A few other headlines include: JPMorgan files to launch tokenized money market fund JLTXX on Ethereum, “THYP” Hyperliquid ETH finished the day at $1.8 million in trading, and CFTC backs Kalshi in Ohio fight over prediction markets jurisdictional battle.
During the last 24 hours, the top three gainers were $BILL, $UB, and $SKYAI, while the top three losers were $LUNC, $FARTCOIN, and $ONDO.
