Bitcoin rebounds to $93.5K after CPI release, reversing Monday's dip

PermabullPete · 2026-01-13T18:21:11+00:00

Bitcoin rebounded to $93.5K after a dip, influenced by positive CPI data and investor sentiment regarding Fed policy. Major altcoins also saw gains, with notable increases in Story Protocol and Monero.

PermabullPete

2026-01-13 18:21:11

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Source: CryptoBriefing Original Title: Bitcoin rebounds to $93.5K after CPI release, reversing Monday’s dip Original Link:

Market Overview

Bitcoin surged past $93.5K on Tuesday, rebounding sharply from a Monday morning dip to $90K, as investors responded to fresh US inflation data and shifting political sentiment.

CPI Data and Fed Policy

The latest CPI report showed prices rose 2.7% year-over-year in December, matching November and consensus expectations. The tame reading bolstered confidence in the Fed’s current policy path, with the CME FedWatch Tool now assigning a 97% probability that the central bank will hold rates steady at its late January meeting.

While markets initially reacted to Friday’s news regarding Fed policy developments, the weekend rally to $92K quickly faded. However, Tuesday’s move suggests Bitcoin is regaining momentum as a hedge against political risk and macro uncertainty.

Altcoin Performance

As Bitcoin rose 3.5% from Monday’s lows, major crypto assets followed: Ether climbed to nearly $3.2K, Solana to $143, and XRP rose to $2.1 over the past 24 hours.

Among standout movers, Story Protocol’s IP token surged 48%, while Monero (XMR) jumped 15% to a new all-time high near $700, now up over 50% in the past week.

BTC3,28%

ETH6,35%

SOL3,15%

XRP4,26%

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