Bitcoin Surges Past $94,000 Following New CPI Data and Renewed ETF Inflows

CN
12 hours ago

On Jan. 13, 2026, bitcoin briefly vaulted above $94,100, extending its early-year momentum just a day after the Trump administration escalated its campaign to pressure the Federal Reserve into cutting interest rates. The rally was fueled by fresh December CPI data showing headline inflation at 2.7%, a figure that underscored lingering price pressures even as risk assets surged. By 2:40 p.m. EST, bitcoin eased to just above $94,000, but remained 2% higher than its $91,600 level a day earlier.

The surge coincided with a sharp reversal in spot bitcoin ETF flows, ending a multi-day losing streak. Blackrock’s IBIT ETF led the charge with nearly $112 million in inflows, while Grayscale’s GBTC added about $64 million. Together, the rebound lifted cumulative ETF inflows to more than $56 billion, reinforcing bitcoin’s climb back above $92,000 and signaling renewed institutional appetite.

Bitcoin’s rally pushed its market capitalization past $1.87 trillion, lifting the broader crypto market to $3.28 trillion. The move restored price levels last seen on Jan. 7 and reignited investor speculation that BTC could breach the $100,000 mark before the end of Q1.

Despite the market’s enthusiasm, the 2.7% CPI print remains well above the Fed’s 2% target, complicating the administration’s narrative of rapidly cooling inflation. Under orthodox monetary policy, such persistence typically weakens the case for aggressive rate cuts.

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The Trump administration, however, has doubled down—publicly clashing with the central bank and intensifying calls for looser policy. Tensions escalated further late Sunday when the Department of Justice opened an investigation into the Federal Reserve, a move critics blasted as a direct assault on the bank’s independence.

Bitcoin’s latest surge rekindled optimism that the digital asset has recaptured the momentum seen earlier this month, when it nearly touched $94,500 on Jan. 5. With ETF inflows back in positive territory and political drama swirling around U.S. monetary policy, traders are eyeing whether bitcoin can sustain its trajectory toward six figures in the weeks ahead.

  • What drove bitcoin above $93,700 on Jan. 13, 2026? Fresh U.S. CPI data at 2.7% and renewed ETF inflows fueled the rally.
  • Which ETFs led the rebound in flows? BlackRock’s IBIT added $112M while Grayscale’s GBTC gained $64M.
  • How did the surge impact crypto market value? Bitcoin’s cap hit $1.87T, lifting global crypto market size to $3.27T.
  • What political tensions shaped investor sentiment? The Trump administration clashed with the Fed as DOJ opened a probe into its independence.

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