Bitcoin climbed above $93,000 on Tuesday, rising more than 2% in 24 hours as trading activity picked up. The move followed U.S. consumer price data showing a 0.3% gain in December and 2.7% year‑over‑year, according to new data from the Bureau of Labor Statistics.
At the time of writing, CoinGecko listed the price near $93,406. CoinGlass reported daily volume rose about 20% to $88.9 billion.
Users on Myriad now place an 80% probability that BTC reaches $100,000 rather than fall to $69,000, as the prediction market shows. The market was published in late November and has since gained bullish participation.
Glassnode analysts wrote that trading volume has rebounded modestly, but spot CVD has deteriorated. “Trading volume has rebounded modestly from cycle lows, pointing to early signs of liquidity rebuilding, however spot CVD has deteriorated, signaling rising sell-side dominance and a more defensive near-term posture.”
CVD, or cumulative volume delta, measures whether buyers or sellers act more aggressively over time. Despite higher volume, sentiment stayed cautious, with the Crypto Fear & Greed Index lingering at a Fear reading.
QCP Capital analysts wrote investors will watch a U.S. Supreme Court decision on President Trump’s tariff policies (Ed. note: past tariff announcements have triggered sharp market moves). They added the ruling “could further influence cross-asset positioning and risk sentiment.”
