Bitcoin just bounced back above the $96K mark following today's December CPI release. The inflation numbers came through pretty much as expected, which is the key thing here. What's really catching traders' attention though is the latest CME FedWatch data—showing nearly 98% certainty that the Fed will keep rates steady when they meet in January. This kind of dovish signal is exactly what Bitcoin bulls wanted to see, especially after weeks of uncertainty around inflation dynamics and policy direction. The combination of stable pricing and no-cut expectations basically means the Fed's staying patient, which tends to support risk assets like crypto in the near term.