In 30 Seconds, Understand the Whole Night | 5.12 00:00-09:00

From last night to this morning, the main line in the crypto market was “surge first, then pull back, and wait for CPI.” Bitcoin extended its rebound in the early hours, once climbing to around 82,098, but the volume above was not strong enough. After pulling back to around 80,800 in the morning, it made a slight recovery. Ethereum moved in sync but faced pressure: it peaked near 2,344, quickly dropped to about 2,292 in the morning, and then returned above 2,310.

On the news front, US CPI data is about to be released. The market turned cautious in advance, and funds did not dare to keep chasing higher prices. At the same time, the situation in the Middle East remains tense; oil prices are rising, and risk-off sentiment is suppressing risk assets. In the US stock market, tech stocks and the AI theme still have support, but rising oil prices, inflation, and geopolitical risks are causing larger short-term swings in the crypto market. In terms of regulation, developments in crypto regulation such as the CLARITY Act continue to gain traction, providing a backstop for medium- and long-term sentiment.

Summary:
The overnight market was not weak, but the momentum to chase highs was insufficient. Bitcoin held above 80,000; after Ethereum pulled back and then recovered, the key focus in the short term remains consolidating and digesting volatility ahead of the CPI. #特朗普5月13日访华 $BTC $ETH