Gold reverses gains as US CPI data takes center stage

The post Bitcoin Bull-Bear Cycle Indicator Flashes Green Ahead of April CPI Print appeared on BitcoinEthereumNews.com. Bitcoin (BTC) just printed its first early-bull reading on CryptoQuant’s Bull-Bear Market Cycle Indicator since March 2023, a regime shift that historically marks recoveries from deep corrections. The signal arrives as the Bureau of Labor Statistics releases April 2026 Consumer Price Index (CPI) data Tuesday morning, an inflation print that could decide whether BTC follows through or stalls below recent resistance. Bull-Bear Cycle Indicator Flips After Two-Year Drought CryptoQuant’s Bull-Bear Market Cycle Indicator moved out of bear territory this week for the first time in roughly 26 months. Similar prints in 2019 and early 2023 preceded sustained recoveries after deep drawdowns. CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator. Source: CryptoQuant Both episodes followed long stretches of subdued price action and rising on-chain conviction among long-term holders.

The post Indian Rupee: India weighs FX defence as Oil rises – BNY appeared on BitcoinEthereumNews.com. BNY’s Bob Savage reports India is considering emergency steps to protect foreign exchange reserves as higher Oil prices widen the current account deficit. Measures under discussion include fuel price hikes, import restrictions on Gold and electronics, and tighter hedging rules. The Reserve Bank of India (RBI) has already intervened to stabilise the Indian Rupee (INR) after it hit a record low, with reserves near $691bn. Policy toolkit aimed at Rupee stability “India is considering emergency measures to protect foreign exchange reserves amid rising oil prices and a widening current account deficit.” “Proposed steps include hiking fuel prices for the first time since the Iran conflict began, restricting non-essential imports such as gold and electronic goods, and encouraging public fuel conservation.” “Prime Minister Narendra Modi has urged citizens to avoid gold purchases for a year an

The U.S. Bureau of Labor Statistics reported April 2026 Consumer Price Index data on May 12, showing headline inflation climbed to 3.8% year-over-year, above the 3.7% analyst consensus and up from 3.3% in March. Gasoline Prices Push U.S. CPI to 3.8% in April, Highest Reading Since Late 2025 The monthly CPI-U rose 0.6% on a […]

The post Canadian Dollar dives on risk-off markets with US CPI on tap appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) accelerates its decline against the  US Dollar (USD) on Tuesday, with the USD/CAD pair rallying above 1.3700 and set to test its highest levels in nearly a month, at 1.3714. A sour market mood amid saber-rattling in the Middle East and investors’ cautiousness ahead of the US Consumer Price Index (CPI) release are buoying the USD across the board. Traders are on edge about the possibility of the resumption of hostilities between the US and Iran, which would complicate the reopening of the Strait of Hormuz even further. US President Donald Trump affirmed earlier on Tuesday that the ceasefire is on “life support,” and CNN reported comments from the president’s aides suggesting that the resumption of major combat operations is back on the table. CNN also stated that the peace process is unlikely to make significant progress ahead of the meeting between Trump

The post VanEck sets Bitcoin price target for end of 2026 appeared on BitcoinEthereumNews.com. With Bitcoin (BTC) price having underperformed Gold (XAU) and the broader United States stock market in 2026, Matthew Sigel, the head of digital assets research at VanEck, has made a bold prediction. Bitcoin price could hit $160,000 if it reclaims its all-time high relative to gold, Sigel said. The prediction, analyzed by Finbold on May 12, is based on the BTC/XAU pair recovering to 35x, its previous peak, from its current level of 17.1x. Bitcoin / Gold Cross. US Stock Market Cap / GDP. Source: X Sigel highlighted that Bitcoin is cheap, as it has not followed the broader U.S. stock market. Furthermore, the ratio of the U.S. stock market cap and the country’s gross domestic product (GDP) recently rebounded to an all-time high (ATH). As such, Sigel suggested that BTC price could easily surge beyond his target, since the prediction is pegged on the flagship coin catching up to where equities are

The post Markets, AI Rally Rattled as Trump Calls Iran Ceasefire “On Life Support” appeared on BitcoinEthereumNews.com. Trump called the Iran ceasefire on life support after rejecting Tehran’s proposal as garbage. Brent crude rose to $105 as silver jumped 7% and traders rushed into safe haven assets. US CPI forecast at 3.7% raising fears Fed may hike rates rather than cut them this year. Global markets turned cautious on Tuesday after President Trump declared the US-Iran ceasefire was “on life support,” describing Tehran’s latest counterproposal to end the war as “garbage.” Oil responded immediately. Brent crude futures rose 0.7% to $105 a barrel. Silver jumped over 7% as traders rushed back into safe haven assets. Bitcoin held above $81,000 but remained under pressure as risk appetite faded across the board. What Iran Proposed  Iran’s response to the US peace proposal included demands for war reparations, confirmation of Iranian sovereignty over the Strait of Hormuz, an end to sanctio

The post CPI inflation April 2026: appeared on BitcoinEthereumNews.com. Prices that consumers pay for a wide range of goods and services increased at a faster-than-expected pace in April, raising further concerns about the inflationary impact on the U.S. economy. The consumer price index rose at a seasonally adjusted 0.6% for the month, putting the one-year pace at 3.8%, the Bureau of Labor Statistics reported Tuesday. The monthly rate was as forecast, but the annual rate was 0.1 percentage point above the Dow Jones consensus. Excluding food and energy, core CPI increased 0.4% and 2.8% respectively, indicating that while inflation is still well above the Federal Reserve’s 2% goal, a good deal of pressure is coming from non-core areas, particularly energy. The annual headline inflation rate was the highest since May 2023 and was up half a percentage point from March. Core inflation rose 0.2 percentage point annually. Energy prices, which jumped 3.8%, again was a major contributor to the

The post Gold: Indian demand risks under Modi call – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank strategists highlight concerns from India’s jewellery industry about a potential further setback in Indian Gold jewellery demand, which is important for the physical Gold market. They note that Prime Minister Modi has urged Indians to avoid Gold purchases for at least a year to protect foreign exchange reserves. Strategists also flag the risk of higher import duties if this appeal fails. Indian jewellery demand faces fresh risks “Despite the recovery in oil prices, gold has almost managed to hold on to the gains made in recent days.” “Meanwhile, India’s jewellery industry fears a further setback in Indian jewellery demand, which is crucial for the physical gold market: Over the weekend, Prime Minister Modi called on Indians to refrain from gold purchases for at least a year in order to preserve the country’s foreign exchange reserves.” “Although India purchased significantl