Today, Bitcoin’s value briefly surged past $92,500 following the release of U.S. inflation figures that aligned with market expectations. Investors are closely monitoring the Federal Reserve’s policy direction amid escalating political tensions involving the central bank.
The Bureau of Labor Statistics reported that the consumer price index (CPI) increased by 2.7% year-over-year in December, unchanged from November and consistent with economists’ predictions.
On a monthly basis, headline inflation rose by 0.3%, also matching forecasts.
The core CPI—which excludes volatile food and energy prices—grew by 2.6% compared to last year, slightly below the anticipated 2.7%, while month-over-month core inflation ticked up by 0.2%.
According to Matt Mena, Crypto Research Strategist at 21shares, December’s CPI data helped clear uncertainties expected through late-2025 and supported hopes for a soft economic landing along with increased chances of further Federal Reserve rate cuts.
Mena explained to Bitcoin Magazine, “The easing core inflation figures combined with employment data align well with the Fed’s dual mandate and raise prospects for additional rate reductions this year despite ongoing political distractions related to DOJ investigations into Chair Powell.” He added that Bitcoin is increasingly viewed as an advanced macroeconomic hedge; amid geopolitical conflicts and energy weaponization concerns, it is being revalued as a global reserve asset unaffected by national disputes.”
Analysis of Bitcoin Price Movement
Around the time these reports were published, Bitcoin was trading just under $92,000 but quickly jumped to approximately $92,800 shortly after markets opened before settling near $92,300. Over the previous day at writing time, its price had risen between roughly 1% and 1.7%.
Mainstream financial markets reacted modestly: U.S stock futures climbed about 0.3%, while yields on ten-year Treasury notes dipped from above 4.19% down to around 4.175%. Interest-rate futures indicated nearly a 95% chance that rates would remain steady during January’s Federal Reserve meeting.
This upward move in Bitcoin followed gains late Sunday when prices reclaimed levels above $92K amidst fresh headlines concerning Federal Reserve Chair Jerome Powell which intensified worries over central bank autonomy.
The cryptocurrency gained about +1.5% late Sunday after Powell issued a video statement revealing threats from the U.S Department of Justice regarding potential criminal charges linked to his June congressional testimony in 2025 — stemming from disagreements over how interest rates were set based on economic conditions rather than political influence.
“Facing possible criminal charges results directly from our commitment at The Fed to base interest rate decisions on what best serves public interests,” Powell said in his message.
The DOJ has launched an investigation into Powell’s testimony related to cost overruns exceeding $2.&5 billion on renovations for Federal Reserve office buildings—a probe he claims is politically motivated despite denials of White House involvement even though President Donald Trump has repeatedly criticized Fed policies publicly.
Market observers noted these developments sparked safe-haven buying across several assets simultaneously: gold prices rose alongside bitcoin spot values climbing roughly +1.&3 percent during Sunday’s session movement.
The broader economic outlook remains uncertain as Reuters recently reported Goldman Sachs delaying its forecasted timing for upcoming Fed rate cuts until mid-2026 instead of earlier projections this year or next springtime periods previously suggested (March/June).
This January so far saw bitcoin trading mostly within an $88K-$94K corridor following pullbacks after hitting record highs surpassing $126 thousand back in October ’25 according data provided via Bitcoin Magazine Pro which recorded intraday peaks near ~$92,&400 over weekend sessions too .
At writing moment , bitcoin hovered close around ninety two thousand three hundred dollars , accompanied daily volume reaching forty eight billion USD approximately . Traders continue evaluating mixed signals coming both ways : inflation trends , interest-rate expectations plus unfolding US monetary policy controversies affecting sentiment .
Analysts anticipate continued volatility short term ; key levels watched include support near eighty seven thousand dollars versus resistance approaching ninety four thousand dollars awaiting decisive breaks or rebounds ahead .
Currently , bitcoin trades near ninety two point four thousand USD mark .
This article titled “Bitcoin Price Briefly Jumps Above $92,800 As CPI Meets Forecasts, Powell DOJ Dispute Fuels Safe-Haven Bid” originally appeared on Bitcoin Magazine, authored by Micah Zimmerman .