Why is crypto down today? 3 coins to avoid market downturn XRP, DOGE and TRON

On Thursday, May 15, afternoon Asian time, the total crypto market cap slid by 4.8% to $3.39 trillion. Bitcoin Bitcoin
btc
-1.91%
Bitcoin dipped 1.6% to around $101,846, losing the $103,100 support level. 

Analysts are now watching the $101,600 mark as the next crucial level that it needs to hold to keep the recent bullish momentum alive.

This dip comes right after the latest U.S. Consumer Price Index (CPI) data was released. Inflation for April came in lower than expected, rising just 2.3% year-over-year—the slowest pace since 2021, and down from March’s 2.4%.