Bitcoin (BTC) Price and the Crypto Market Crash Today: Altcoins Plummet Ahead of US CPI Data Release

The crypto market crashed today, wiping out all the gains of the recent rally. The Bitcoin price fell to a low of $100.7k, while the rest of the altcoins also witnessed a downfall. This happened as the investors grew cautious ahead of the US CPI data release today.

However, experts are anticipating a positive result, which will impact the investors’ confidence in the market. Along with BTC, Ethereum, Solana, and other altcoins’ prices are also plummeting. Interestingly, XRP’s price is bullish, and it gained the 3rd spot in the market due to increased blockchain users and Missouri’s proposed House Bill 594.

Key Takeaways:

* The crypto market saw a crash today, with BTC falling to a low of $100.7k and wiping out all the gains of the recent rally.

* The investors grew cautious ahead of the US CPI data release today, which experts anticipate will be positive.

* Nearly $700m was liquidated in the crash, with more than $200m from Bitcoin futures and $170m from Ethereum.

* This was an anticipated move, as many crypto analysts like Ali Marinez anticipate a massive decline in BTC’s price.

* Despite the dip, the interest in the token remains persistent, with crypto analyst, Stacy Muur, highlighting that the inflows are quiet, and there’s no heavy selling.

Crypto Market Sees Massive Liquidation As BTC Price Drops Below $101K

The crypto market is seeing a massive liquidation today, with over $690 million liquidated in the past 24 hours, according to CoinGlass. The liquidation occurred as investors grow cautious ahead of the US CPI data release today, at 12:30 GMT.

Experts at InvestingPro anticipate a positive result for the Consumer Price Index, with a 0.4% increase in May from the previous month and a 3.9% year-over-year rise. However, any deviation from the predictions could impact the market.

The market saw a decent recovery in the past few months, with BTC surging past the $105k mark and the rest of the altcoins also witnessing a significant uptrend. However, that all came crashing down as the BTC plummeted to a low of $100.7k, wiping out all the gains of the recent rally.

At present, it trades at $102.8k and has lost nearly 1.5% of its value. The next significant price point for the token is the $100k mark, which could be a point of high interest for the bears.

Interest In BTC Remains Despite The Crypto Market Crash

Despite the dip and the liquidation, the interest in the token remains persistent.

Crypto analyst, Stacy Muur, posted on Twitter that although the inflows are quiet, the market is stable as there’s no heavy selling. Another added that the market participants are still buying. This included MicroStrategy’s 13,390 Bitcoin buy for $1.34B.

This chart shows how much total Bitcoin is being deposited into exchanges daily.

As of May 13, 2025

BTC price is at $103K, near ATH.

But inflows are quiet → suggests no heavy selling yet → market remains stable. pic.twitter.com/KSFuig9mC8

— Stacy Muur (@stacy_muur) May 13, 2025

Now, the focus is on the US CPI data and the Fed meeting in June. BTSE COO Jeff Mei stated:

“The Fed’s tone will be key, a dovish shift could stimulate economic activity and potentially give crypto another lift.”

Additionally, the overall Bitcoin price predictions remain bullish despite the crypto market crash. This reveals that though there’s a temporary shift in the investors’ focus, the demand and fundamentals remain unchanged.

Frequently Asked Questions (FAQs)

1. How is Bitcoin performing today?

2. How much was liquidated in the crypto market crash?

3. What experts are predicting for the Bitcoin price after this crash?