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In place of a further uptrend, the investors witnessed the Bitcoin price and the crypto market crash today. Recently, the US-China trade deal succeeded, leaving the US reducing its tariff on China to 30% and China reducing it to just 10%. Although investors considered it a major win, especially after witnessing a massive crash with the tariff introduction, the hype faded soon, as the BTC and the rest of the altcoins’ prices plummeted. Let’s discuss the key reasons.
Crypto Market Crash: Altcoins & Bitcoin Price Plummets Before US CPI Data Release
On the US-China tariff deal, the Bitcoin price surpassed the $105k mark, and the rest of the altcoins also witnessed a significant uptrend. However, that all came crashing down as the BTC plummeted to a low of $100.7k, wiping out all the gains of the recent rally. At present, it trades at $102.8k and has lost nearly 1.5% of its value in the last 24 hours.
This crypto market crash happened as the investors turned cautious ahead of the US CPI data release today. Although experts anticipate a positive result, the uncertainty and possibility of different results have impacted investors’ confidence in the market.
Along with BTC, Ethereum, Solana, and other altcoins, the price is also crashing. Interestingly, XRP’s price is bullish, and it gained the 3rd spot in the market due to increased blockchain users and Missouri’s proposed House Bill 594.
Nearly $700M was liquidated in the crash per CoinGlass reports. Out of this, more than $200m was from Bitcoin futures, and $170M was from Ethereum, among many others. Interestingly, this was an anticipated move, as many crypto analysts like Ali Marinez anticipate a massive decline in BTC’s price.
Bitcoin Price Prediction: Investors Still Buying BTC
Despite the dip, the investors’ interest in the token remains persistent. Crypto analyst, Stacy Muur, highlights that although the inflows are quiet, the market is stable as there’s no heavy selling. Another added that the market participants are still buying. This included MicroStrategy’s 13,390 Bitcoin buy for $1.34B.
This chart shows how much total Bitcoin is being deposited into exchanges daily.
As of May 2025
BTC price is at $103K, near ATH.
But inflows are quiet → suggests no heavy selling yet → market remains stable. pic.twitter.com/KSFuig9mC8
— Stacy Muur (@stacy_muur) May 13, 2025
Now, the focus is on the US CPI data and the Fed meeting in June. BTSE COO Jeff Mei stated:
“The Fed’s tone will be key, a dovish shift could stimulate economic activity and potentially give crypto another lift.”
Additionally, the overall Bitcoin price predictions remain bullish despite the crypto market crash. This reveals that though there’s a temporary shift in the investors’ focus, the demand and fundamentals remain unchanged.
Frequently Asked Questions (FAQs)
After a momentary crash to $100.7k, Bitcoin is trading at $102.8k after a 1.5% decline
Nearly $700M was liquidated with the crypto market crash, with over $200M from Bitcoin futures and $170M in Ethereum.
Despite the crash, experts maintain their bullish outlook, claiming a rebound with the US CPI data release and Fed rate cut in June.
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Pooja Khardia
With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.
As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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