Bitcoin rises and surpasses US$ 93,000 after a week of US inflation data

Source: PortaldoBitcoin Original Title: Bitcoin rises and surpasses US$ 93,000 after a week with US inflation data Original Link: Bitcoin recovers the US$ 93,000 mark for the first time in nearly a week, with an increase of over 2% in the last 24 hours.

On Tuesday morning, the US announced that consumer prices rose 0.3% in December. Over the past year, consumer prices increased 2.7%, according to new data from the Bureau of Labor Statistics, remaining stable compared to the previous month.

Around 3:30 PM, Bitcoin was trading at US$ 93,570, according to the cryptocurrency price aggregator CoinGecko. The trading volume in the last day increased significantly, rising 20% to US$ 88.9 billion, according to the on-chain analysis platform CoinGlass.

Bitcoin’s trading volume has returned, but that doesn’t necessarily mean investors are expecting a big rally, analysts wrote in a published report.

“The trading volume has modestly recovered from cycle lows, indicating early signs of liquidity rebuilding,” the analysts wrote, “however, the CVD (cumulative volume variation) on the spot market has deteriorated, signaling an increase in seller dominance and a more defensive stance in the short term.”

CVD refers to the cumulative volume variation, which tracks whether buyers or sellers are more aggressive over time. When BTC buyers dominate, the CVD rises; when sellers dominate, the metric falls.

Therefore, although the volume has increased, traders’ sentiment has not kept pace with this rise. For example, the Cryptocurrency Fear and Greed Index improved slightly from the Extreme Fear level a month ago but was still classified as Fear.

Digital asset management analysts warned that, after the release of the Consumer Price Index (CPI), investors will now be paying close attention to the US Supreme Court’s decision on President Donald Trump’s tariff policies.

The court has been asked to decide whether the president’s trade policies are illegal and may issue a decision as early as this Wednesday. In the past, tariff announcements triggered waves of volatility in stock and cryptocurrency markets.

Regardless of the court’s decision, it “could further influence positioning across different assets and risk sentiment,” the analysts wrote.