Bitcoin Tops $92K After U.S. CPI Prints 2.7%
U.S. December consumer price index printed 2.7% year‑over‑year, in line with forecasts and signaling that price pressures remain contained despite prior worries that tariffs could re-accelerate inflation. The CPI release on Tuesday sent a clear signal to markets: inflation is cooling enough to reinforce hopes for additional Federal Reserve rate cuts. Bitcoin reacted quickly, breaking above $92,000 as traders increased allocations to risk assets.
The move highlights how macro data continues to drive crypto moves — a softer inflation backdrop lifts expectations for easier policy and supports higher valuations for dollar-sensitive assets. That said, policymakers, tariff developments and upcoming monthly prints remain key risks that could change the narrative; for now, the CPI reading gives bulls short-term cover and keeps the rate-cut story alive.