Bitcoin Breaks $97K as Crypto Decouples From Stocks on Inflation News
TL;DR Summary
Bitcoin jumped to about $97,000 after the Wall Street open, diverging from a declining stock market as hotter-than-expected PPI data clashed with expectations of a Fed pause. The move was helped by a Supreme Court delay on tariffs, while analysts say BTC would need to stay above roughly $93,500 to sustain a new bull phase; at the time of writing, BTC hovered around $97,350.
- Bitcoin Price Hits $97,000 as Crypto Decouples from Sinking Stock Market & Ignores PPI Data TipRanks
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- Bitcoin Price Jumps Above $95,000, XRP Surges. Why This Crypto Rally Can Roll. Barron's
- Bitcoin spikes to $92,500 as U.S. December consumer prices rise 0.3% CoinDesk
- Bitcoin Is on the Rise Again. Why Some Experts Think This Might Last a While Investopedia
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