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Hassan Maishera

Bitcoin hovers near $81,000 as traders eye April US CPI at 12:30 GMT

Bitcoin traded around $81,000 on Tuesday, holding above key moving averages near $76,700 but meeting resistance at the 200-day EMA around $82,130. Markets are watching the April US CPI release due Tuesday at 12:30 GMT, with forecasts calling for 0.6% monthly and 3.7% annual inflation that could spark volatility in BTC and other risk assets. Spot Bitcoin ETFs saw $27.25 million in inflows on Monday and Strategy added 535 BTC, lifting its holdings to 818,869 BTC.