Bitcoin Price Jumps Above $92,500 As CPI Meets Forecasts
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The bitcoin price briefly climbed above $92,500 today after U.S. inflation data came in line with expectations as markets assessed the Federal Reserve’s policy outlook and rising political tensions surrounding the central bank. The consumer price index rose 2.7% year over year in December, unchanged from November and matching economists’ estimates, according to the Bureau of Labor Statistics. On a month-over-month basis, headline inflation increased 0.3%, also in line with forecasts. Core CPI, which excludes food and energy, rose 2.6% from a year earlier, compared with expectations for 2.7% and a prior reading of 2.6%. Core inflation increased 0.2% month over month. December’s CPI report cleared late-2025 “data fog,” bolstering the soft-landing narrative and raising the odds of further Fed cuts, according to Matt Mena, Crypto Research Strategist at 21shares. “The cooling core data, paired with the jobs data, seem to be inline with the fed’s dual mandate and increase chances of further cuts this year even amidst the political noise surrounding the DOJ’s investigation into Chair Powell,” Mena wrote to Bitcoin Magazine. “Bitcoin is increasingly behaving as a sophisticated macro hedge; in a world of weaponized energy and heightened geopolitical tensions, Bitcoin is being repriced as an international reserve that remains indifferent to sovereign border disputes.” Bitcoin price analysis Bitcoin, which had been trading just below $92,000 around the time of the report, spiked to around $92,800 in the minutes following market open before retreating to roughly $92,300. The cryptocurrency was up about 1%–1.7% over the past 24 hours at the time of writing. Traditional markets showed a muted response. U.S. stock index futures rose about 0.3%, while the yield on the 10-year Treasury fell to 4.175% from above 4.19% ahead of the data. Interest-rate futures pricing reflected a roughly 95% probability that the Federal Reserve will leave rates…
Filed under: News - @ January 13, 2026 3:29 pm