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Bitcoin slipped below $80,000 on May 12, then rebounded, as markets digested President Donald Trump’s comments that the U.S.-Iran ceasefire was "on life support" and U.S. CPI coming in at 3.8% versus a 3.7% forecast. Over the past 24 hours, BTC dropped 1.6%, cutting its market cap to $1.61 trillion, while liquidations hit $57 million in longs versus $7.5 million in shorts. Traders are also watching the May 13 PPI release for signs inflation pressure is persisting.

Bitcoin’s on-chain activity has accelerated, with the daily transaction count climbing to about 831,000 over the past three days. The pickup in transfers comes as BTC traded around $80,170, while analysts flagged a sell wall near $82,200 and pointed to macro risks such as U.S. CPI at 3.8% and an upcoming Clarity Act markup vote.

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.

Spot XRP ETFs recorded more than $25 million of inflows over the past 24 hours, marking their strongest day since the start of the year. XRP has gained about 3% over the past week, while analysts highlighted $1.45 and $1.49 as key levels that could open a move toward $1.80–$1.82.

XRP is hovering around $1.48 and pressing a breakout area near $1.50, with improved demand signals including $39.6 million of weekly inflows and reduced whale deposits to exchanges. The next move is closely tied to Bitcoin holding $80,000 as traders brace for the April CPI release on May 12 at 8:30 a.m. ET. Derivatives positioning is elevated, with open interest above $3B and 24-hour futures volume at $4.9B versus $871.7M in spot volume.

U.S. spot XRP ETFs have accumulated $1.18 billion in net assets, effectively sidelining about 1.3% of XRP supply while the token trades near $1.48. Vitalik Buterin moved 64 ETH to an animal-protection fund on May 12, 2026, echoing the market impact of his 2021 SHIB-era charity actions. Arthur Hayes argues macro liquidity tied to U.S.-China AI spending could push Bitcoin toward $126,000, as BTC holds around $81,000 with May spot ETF inflows at $1.28 billion.

Bitcoin is testing the $82,000 area as spot demand continues to absorb supply with daily volume between $4.2 billion and $4.5 billion. Derivatives positioning has expanded, with Futures Volume above $50 billion and aggregate Open Interest near $60 billion, while Active Addresses slid toward 707,720. The setup leaves BTC vulnerable to profit-taking if spot demand and ETF inflows—still above $59.8 billion cumulatively—fail to stay supportive near resistance.

On May 12, 2026, Bhutan's Gelephu Mindfulness City (GMC) introduced a fast-track licensing route for fintech and digital-asset firms already regulated in Singapore, Abu Dhabi Global Market, or Hong Kong. The program bundles incorporation, regulatory review, and a DK Bank corporate account into one coordinated process, while offering qualifying firms a 0% corporate tax rate and banking-fee waivers for at least six months. Separately, onchain observers reported a 100 BTC transfer to a new address, with Bhutan holding about 3119.45 BTC.

US President Donald Trump is scheduled to meet Chinese President Xi Jinping in Beijing from May 13 to 15, a trip expected to cover AI, semiconductors, trade and investment, and Middle East tensions. Bitcoin was trading near $81,000 at the time of writing, up less than 1% over the past seven days but around 13% over the past 30 days. The article outlines potential implications for crypto policy expectations, mining supply chains, and broader macro pressures such as oil’s move to $105.50 after US-Iran talks reportedly stalled.

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