Bitcoin surpasses US$ 95,000 and reaches highest level in two months

Source: PortaldoBitcoin Original Title: Bitcoin Today: BTC surpasses US$ 95,000 and reaches highest level in two months Original Link: Bitcoin extended its gains on Tuesday night, reaching its highest value in two months as U.S. companies began releasing their earnings reports and investors digested new inflation data.

The world’s largest cryptocurrency is up 3.1% on this Wednesday (14), trading at US$ 95,092. Earlier, the asset hit a daily high of US$ 95.8 thousand, its highest level since mid-November.

The rally triggered an estimated liquidation of US$ 587 million in short positions in crypto assets, including about US$ 292 million related to Bitcoin.

“Over the past week and a half, we’ve witnessed several global events that remind investors why Bitcoin was created in the first place,” said Ryan Rasmussen, Head of Research at Bitwise.

Rasmussen cited Iran’s fiat currency collapse, recent events in Venezuela, and geopolitical developments as “catalysts.”

Mixed Market Conditions in Traditional Markets

Meanwhile, traditional markets showed a mixed picture. Financial sector stocks pressured major U.S. indices, with the sector falling more than 4%.

The S&P 500 and Nasdaq remained near recent highs, but the Dow Jones Industrial Average lagged behind.

Investors also analyzed December’s Consumer Price Index data, which showed that inflation in the U.S. remained steady at an annual rate of 2.7%, in line with forecasts, while “core” inflation rose 2.6%.

The report reinforced expectations that the Federal Reserve will keep interest rates unchanged in the short term, even as the market prices in possible cuts by the end of 2026.

Markets reacted with low volatility in stocks and modest movements in the dollar and Treasury yields.

The inflation outcome, stable but still above the Fed’s 2% target, leaves room for policymakers to act cautiously regarding further easing.

Cryptocurrency traders have been sensitive to changes in liquidity and monetary policy expectations, which has helped boost risk assets.

Bitcoin’s rise this week came after a period of consolidation, with market participants positioning themselves around macroeconomic signals and improving sentiment toward digital assets.

“The price of Bitcoin seems closely tied to expectations around global liquidity,” said Bill Barhydt, founder and CEO of Abra. “Markets anticipate a strong expansion of the monetary base this year, mainly driven by increased government bond purchases, while retail stimuli could give an additional boost.”