Read the whole night in 30 seconds | 5.13 00:00-09:00

From last night to this morning, the main theme in the crypto market was: pressure after CPI, rebound and recovery from low levels. Bitcoin’s lowest dip hit around 79,801 in the early hours, then it consolidated and rebounded; in the morning, it climbed to a high near 81,141, reclaiming the 81k level. Ethereum’s lowest dip came in around 2,255, then it followed Bitcoin’s recovery, reaching a morning high near 2,293. Overall, the night was not a one-way strong trend, but a recovery after low-level support held.

On the news front, US CPI came in higher than expected; the US dollar and US Treasury yields strengthened, and market expectations for Fed rate cuts cooled, putting short-term pressure on risk assets. At the same time, the situation in the Middle East has been fluctuating repeatedly, and oil prices have stayed elevated, continuing to weigh on market sentiment. After Asian markets opened, they also leaned cautiously, indicating that macro pressure has not been fully absorbed yet. 

Summary:
Bitcoin bounced after holding the 80k level; Ethereum recovered after holding 2,250. Short-term sentiment has improved somewhat, but resistance above remains, and the market is still digesting CPI, the US dollar, oil prices, and geopolitical risk. #特朗普5月13日访华 $BTC $ETH