Bitcoin holds $80,000 amid stock drop

Bitcoin has maintained its price above $80,000 despite a broader market downturn affecting stocks. This resilience comes as inflation figures for April revealed a three-year high, according to the latest Consumer Price Index report. The rising inflation data has also contributed to an increase in market yields. Investors are closely monitoring these macroeconomic indicators, which could influence future monetary policy and asset valuations across both traditional markets and the cryptocurrency space.