Bitcoin Climbs Above $93K as US Inflation Holds Steady
Summary
Bitcoin rose above $93,000 for the first time in a week, gaining over 2% in 24 hours, with trading volume up 20% to $88.9 billion. U.S. consumer prices increased 0.3% in December and 2.7% year-over-year, holding steady. Prediction markets show 80% optimism for Bitcoin reaching $100,000, but analysts note that while trading volume has rebounded from cycle lows, sell-side dominance persists, indicating a cautious market. The Crypto Fear & Greed Index remains in Fear territory despite slight improvement from last month. Investors are now watching for the U.S. Supreme Court’s ruling on President Trump's tariff policies, which may impact market sentiment and volatility across crypto and equities.
