Bitcoin BTC bounced back above $81,000 after the April Consumer Price Index (CPI) came in at 3.8% year-over-year, higher than economists had estimated. The largest cryptocurrency, Bitcoin (BNB), and dogecoin, all saw significant gains, with BNB leading with a 2.5% gain to $677, while Ether dropping 0.3% to $2,300 and Solana slipping 0.6%. The CPI hit harder than crypto, leading to a fall in the S&P 500 and the Nasdaq 100. The rate-sensitive two-year Treasury yield held just under 4%, while Japan's 20-year bond yield reached its highest level since 1997. Global crypto fund inflows were reported at $858 million last week, with bitcoin products absorbing $706 million, ether $77 million, solana $48 million, and XRP $40 million. However, the largest data point was the $14 million in outflows from bitcoin short positions, indicating a slight increase in investor sentiment.