Bitcoin Falls to the $80,000 Range on Inflation Concerns [Crypto Briefing]

[Financial News] Bitcoin fell to the $80,000 range on the 13th as markets worried about inflation.
According to global virtual asset information platform CoinMarketCap, Bitcoin was trading in the $80,000 range at 10:10 a.m. that day, down 0.90% from the previous day on a 24-hour basis. Over the past week, Bitcoin has fallen 0.50%.
Bitcoin is trading in the 119 million won range in the Korean won market. Based on global virtual asset price comparison platform Cryprice, the Korea premium stood at -1.09%.
The decline came as U.S. consumer prices surged to their highest level in three years, deepening inflation concerns. The U.S. Department of Labor announced on the 12th (local time) that the Consumer Price Index (CPI) for April rose 3.8% from a year earlier, above the market forecast of 3.7% and the highest level since 2023.
New York stocks also closed lower. On the 12th (local time), the Standard & Poor's 500 Index (S&P 500) ended at 7,400.96, down 11.88 points, or 0.16%, while the NASDAQ closed at 26,088.20, down 185.92 points, or 0.71%.
The Crypto Fear and Greed Index provided by CoinMarketCap stood at 50 on the day, indicating a neutral reading. The index ranges from 0 to 100, with values closer to 0 interpreted as 'extreme fear' and those closer to 100 as 'extreme greed.'
At the same time, Ethereum was trading in the $2,282 range, down 2.00% from the previous day. Ripple (XRP) was trading in the $1.43 range, down 2.78%.

yimsh0214@fnnews.com Lim Sang-hyeok Reporter