Bitcoin and major cryptos dip as inflation rises, but analysts see potential for rebound above $82,500.

Bitcoin and other leading cryptocurrencies fell alongside major stock indexes after consumer inflation in April exceeded expectations, marking the highest increase in three years. Bitcoin briefly dropped below $80,000 but recovered later, while Ethereum and XRP also declined. Over $275 million in crypto positions were liquidated in 24 hours, signaling market volatility. Analysts note strong long positions creating support levels for Bitcoin at $75,000-$70,000 and expect a possible breakout above $82,500, targeting $86,000-$90,000 if resistance breaks, as buying on dips continues amid renewed 'fear' sentiment in the market.