In April, US consumer prices reached 3.8%, the highest level since May 2023.

This has implications for Bitcoin, altcoins, and the Federal Reserve's increasingly difficult decision.

The numbers are in, and they are uncomfortable.

Crypto markets reacted to Tuesday's data with the kind of swift, algorithmic volatility that has become their signature response to macro surprises.

Bitcoin fell from an intraday high above $81,000 to around $80,400 — a decline of over 1% — within minutes of the 8:30 a.m. ET release on Tuesday

XRP, Cardano, and a broad range of altcoins also fell.

Red-Hot Inflation Reading