Bitcoin Holds Near $80,700 Ahead of Key U.S. CPI Data | The Coin Monitor | 3.0 TV

Added: 2026-05-16

[00:00:00]So, Bitcoin was trading close to around 80 $80,700 today as traders await critical US CPI inflation figures. So, market sentiment weakened further after the reports that President Donald Trump rejected a recent peace proposal from Iran calling it the total unacceptable.

[00:00:16]The recent development raised concerns of escalating US Iran tensions promoting and prompting investors to shy away from the risk assets like the cryptocurrencies. So institutional flows also showed signs of cooling where in the spot Bitcoin ETFs recorded approximately $27.2 million in inflows while the Ethereum ETFs witness an net outflow of $17 billion. Geopolitical uncertaintities fueled risk of sentiment across the global markets with oil prices remains volatile amid the ongoing conflict development and in the corporate moves. Ripple secured $200 million credit facility from the funds managed by the by the bourbon to expand lending capacities in its institutional prime brokerage businesses signaling a continued demand for the additional assets financing. So let's understand the alcoin performance where the sona soul and ripples XRP traded slightly lower amid the cautious market mood with XRP hovering close to around $1.4 and uh this is what the market have been uh witnessing. Cardano's hyperlquid and Zcash faced modest selling pressure down roughly around 3% in today's uh trading activity. Let's understand some institutional activities in today's trade wherein the strategy resumed its Bitcoin purchase after a oneweek pause acquiring 535 BTCs worth $43 million at an average price of $8,340 per coin bringing its total holding to 8 lak 18,869 bitcoins. Mara Holding, formerly known as Marathon Digital, has sold $ 1.5 billion worth of Bitcoin this quarter to focus on AI infrastructure and high performance computing and Galaxy Digital partnered with the shop link to manage a $125 million onchain Ethereum yield strategy fund which could benefit the entire Ethereum ecosystem. Bhutan has moved roughly around 100 bitcoins worth $8.2 million to an unlabeled wallet, continuing state linked outflows into the May itself. Market volatility is expected to increase ahead of the US API report as inflation concerns suggest the Federal Reserve may maintain higher interest rates for longer dampening risk appetite. That's all there is in this coin monitor. Keep watching throughout TV. Thank you.