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US Inflation Rises, US Stocks Decline; Crypto Market Dips with Bitcoin Briefly Falling Below $80,000, Gold Drops and Oil Rises

On May 13, US inflation data showed that the April CPI rose to 3.8% year-on-year, marking a nearly three-year high. According to Bitget market data, US stocks closed lower on Tuesday, with the Dow Jones rising 0.1%, the S&P 500 index falling 0.16%, and the Nasdaq dropping 0.7%. The semiconductor storage sector saw significant declines, with Qualcomm (QCOM.O) down 11%, Micron Technology (MU.O) down 3.5%, and both Intel (INTC.O) and SanDisk (SNDK.O) falling over 6%. US stocks related to cryptocurrencies also experienced sharp declines, including: MicroStrategy (MSTR) down 5.88%; Coinbase (COIN) down 4.14%; Circle (CRCL) down 6.14%; BitMine Immersion (BMNR) down 5.82%; and SharpLink Gaming (SBET) down 7.6%. According to HTX market information, the cryptocurrency market saw Bitcoin briefly fall below $80,000 this morning, currently reported at $80,500, while Ethereum is reported at $2,278. The total cryptocurrency market capitalization is currently $2.766 trillion, down 1.5% in the last 24 hours. The top-performing altcoins include: SAGA, which surged 84.66% in 24 hours to $0.047; VIC, which rose 37.2% to $0.067; DYM, which increased 28.9% to $0.032; and SAHARA, which gained 18.1% to $0.043. OSMO dropped 25.4% to $0.062; GTC fell 23.7% to $0.138. According to Bitget market data, spot gold briefly fell 2% during the day, dropping below $4,640 per ounce, while crude oil prices rose over 4% at one point.

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