Overview
- Bitcoin climbed to roughly $95,500, its strongest level since mid‑November, after reclaiming and holding above the $94,000 resistance area.
- U.S. December CPI rose 2.7% year over year with core at 2.6%, reinforcing expectations for steady near‑term policy rates.
- The Justice Department’s criminal investigation of Fed Chair Jerome Powell, including grand jury subpoenas tied to his 2025 testimony on a $2.5 billion renovation, coincided with safe‑haven buying as gold set new records.
- The rally forced an estimated $587 million in crypto short liquidations, including about $292 million in Bitcoin, as trading volumes picked up.
- Analysts flagged $94,555 as a pivotal breakout level and $92.2K as the short‑term holder profit threshold, while multi‑billion net outflows from U.S. spot Bitcoin ETFs since November contrasted with a $116.7 million single‑day inflow on Jan. 12 and signs of fragile liquidity.