Bitcoin Bounces Following on U.S. CPI Announcement

U.S. April CPI, 2.3% Rise Compared to Last Year…Lowest Since February 2021
Tether Announces BTC 4812 Collection To Operate 'BTC Butcher' 21 Capital
Rumors of BTC Collection Spread by Global Biggies...BTC Breaks $103,000
Experts Raising Optimism Around BTC..."BTC Will Break $130,000 This Year"

The cryptocurrency market, including Bitcoin(BTC), rose slightly on May. 14 as the U.S. consumer price index(CPI) fell below market expectations in April.

The U.S. Department of Labor said on Thursday that the U.S. CPI rose 2.3% in April from a year earlier. That's below market expectations of 2.4%, and the lowest gain since February 2021.

The cryptocurrency market continued to rise during the day on May. 14 after the news of inflation easing was reported in the US CPI announcement in April.

In particular, Bitcoin rose again after news broke that '21 Capital', a bitcoin broker led by Minister Howard Rutnick's son, Brandon Rutnick, bought Bitcoin with a scary momentum.

It was reported that Tether, the world's largest stablecoin issuer, bought 4,812 Bitcoin coins for 21 Capital's management. According to a report submitted to the U.S. Securities and Exchange Commission(SEC) on May. 13 by Canter Equity Partners, which announced the acquisition of 21 Capital, Tether bought 4,812 Bitcoin and transferred them to 21 Capital's escrow wallet this week.

21 Capital is a company founded by U.S. financial services companies Canter Fitzgerald, Tether, Softbank, and Bitfinex for the purpose of buying Bitcoin. At the center of 21 Capital is Brandon Rootnick, chairman of Canter Fitzgerald, son of Howard Rootnick.

While Bitcoin surpassed $103,000 again on May. 14, altcoins recorded an increase of more than 6%.

◇Bitcoin = Bitcoin price is $103,456 at 4:30 p.m. on May. 14, 2025. The Bitcoin share(dominance) was 62.10%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 43.02% and 56.98%, according to on-chain analytics platform Sigbtc.

The market was full of opinions that predicted Bitcoin's future very optimistically with Bitcoin's rebound.

"Bitcoin will rise to $250,000 at the end of this year," Tim Dreyfer, a U.S. venture capital magnate and bitcoin maximalist, said in an interview with CoinDesk, a cryptocurrency media outlet, adding, "Bitcoin will become the world's key currency to replace the U.S. dollar in the next 10 years."

In an interview with Cointelegraph, a cryptocurrency expert, Timothy Peterson pointed to the 'risk-taking' sentiment formed in the asset market due to tariff negotiations between the U.S. and China, claiming that Bitcoin will reach $135,000 in 100 days.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on May. 14 was Axy Infinity(AXS), up about 8% on the day alone.

Axy Infinity is a platform created by watching Pokémon and is built on Ethereum and is a digital pet game project that allows anyone to earn token rewards through gameplay.

Through MarketPlay, users can start the game by purchasing characters from other plays, and they can participate in governance voting by staking AXS tokens as a payment method or in-game.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 73 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be careful about selling the products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 54.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr