Bitcoin crashes, cryptocurrency market anxiety spreads ahead of US CPI release

2026-01-13 04:17:27

Ahead of the release of the US Consumer Price Index(CPI), Bitcoin(BTC) and major cryptocurrency markets are experiencing significant declines. Bitcoin trading price is 13,455,000 KRW, down 0.43% over the past 24 hours, with market participants showing a clear wait-and-see sentiment. Under this trend, funds are increasingly concentrated in Bitcoin rather than altcoins.

Technical analysis indicates that Bitcoin is currently under selling pressure at key support levels and continues to test them. If support holds, a rebound may occur. However, if support is broken, further declines could be triggered.

Market indicators show that the Bitcoin seasonal index recently plummeted from 57 to 39, indicating an increasing market preference for Bitcoin.

Ethereum(ETH) has fallen more than Bitcoin, currently trading at 4,588,000 KRW. It has decreased by 1.13% in 24 hours, reflecting overall weakness in altcoins. Experts warn that Ethereum is also testing support levels and short-term volatility should be watched closely.

Ripple(XRP) has also declined by 1.74%, trading around 3,016 KRW; while Solana(SOL) appears to be rising due to temporary technical issues, but this divergence from actual market sentiment is noted.

The main background for the market decline is the upcoming release of the US December CPI report this week. Besides CPI, major macro events such as the Producer Price Index(PPI) and speeches by Federal Reserve officials could impact the overall cryptocurrency and stock markets.

A cryptocurrency strategist at a global investment bank commented, “This week could be a watershed for crypto investors’ decision-making. If CPI data exceeds expectations, it will delay the Fed’s rate cut process, potentially leading to a contraction in global liquidity and negatively impacting the markets.”

Investors are closely monitoring the US monetary policy direction while strengthening risk management in anticipation of increased volatility.

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BTC-2.45%

ETH-2.5%

XRP-0.86%

SOL-5.12%

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