Bitcoin Price Jumps Short-Term after CPI Drop, But Holds Ground Near $100K

Bitcoin briefly surged above the $100,000 mark after the U.S. Consumer Price Index (CPI) reported lower-than-expected figures on May 13th. However, selling pressure quickly reasserted itself, pushing BTC/USD back towards its prior range. Analysts attribute this fluctuation to both growing decentralized finance (DeFi) activity and increased interest from institutional investors.