US December CPI meets expectations, Bitcoin breaks through $94,000, the $100,000 target is in sight

Source: BlockMedia Original Title: [New York Coin Market/Closing] Bitcoin Surpasses $94,000… CPI Boosts Countdown to $100,000 Original Link: https://www.blockmedia.co.kr/archives/1031842 The US December Consumer Price Index(CPI) meets market expectations, and Bitcoin(BTC) subsequently breaks through $93,500, continuing its upward trend. As inflation slows, market expectations for the Federal Reserve to cut interest rates strengthen, and risk asset investment sentiment is restored.

Mainstream Coins Show Mixed Gains and Losses

According to the latest data, Bitcoin(BTC) is trading at $94,461, up 3% from the previous day, with a weekly increase of 1.7%. Ethereum(ETH) rose by 0.87%, priced at $3,199; a leading exchange platform token increased by 3.55%, priced at $939. In contrast, XRP fell by 1.91%, priced at $2.10.

The overall market capitalization reaches $3.18 trillion, a 2.11% increase from the previous day. Bitcoin’s market share is 58.6%, slightly higher. The fear and greed index, reflecting investor sentiment, is at 41, indicating a neutral level.

Altcoin Market Shows Mixed Trends

The altcoin market presents a divided picture. Solana(SOL) rose by 1.58%, returning to the $143 level; Cardano(ADA) increased by 3.30%, reaching $0.40. Conversely, Dogecoin(DOGE) declined by 1.69% to $0.14, and XRP has fallen 6.18% this week.

By sector, Layer 1 blockchains perform strongly. Solana, Ethereum, and other major platform tokens rise in unison, boosting overall market sentiment. Meanwhile, meme coins and some exchange tokens face adjustment pressures.

Price Data Positively Impact Digital Assets

The US December CPI increased by 2.7% year-over-year, in line with market expectations. Core CPI rose by 0.2% month-over-month, below the expected 0.3%. US bond yields declined, and stock index futures reversed higher.

These inflation indicators ease the Federal Reserve’s tightening pressure and have a positive impact on the digital asset market. As the possibility of short-term rate cuts increases, investors are once again viewing Bitcoin and other digital assets as risk hedging tools.

One strategic analyst stated: “This CPI release is a decisive moment in eliminating market uncertainty. Core prices being below expectations support the ‘soft landing’ scenario for the Federal Reserve.”

Regulatory Benefits and Political Uncertainty Coexist

The market views the draft of the US Senate’s Digital Asset Market Structure Act as another positive factor. The bill includes regulations on stablecoin yields and protections for decentralized finance(DeFi), potentially providing a foundation for institutional investor entry.

However, political uncertainty remains a market variable. Against the backdrop of escalating conflicts between political leaders and central bank officials, the possibility of criminal summons for central bank officials by the Department of Justice is also mentioned.

Analysts predict: “If retail sales and housing indicators released next week confirm consumer resilience, Bitcoin could break through resistance at $93,500 to $95,000. Breaking through this range could make a $100,000 breakthrough this month possible.”