Bitcoin briefly surged past $93,700 before stabilizing around $93,500, driven by new consumer price index (CPI) data showing inflation at 2.7% and a significant rebound in inflows to spot bitcoin exchange-traded funds (ETFs).
Positive Turn in ETF Inflows
On January 13, 2026, bitcoin climbed above $94,100 momentarily, continuing its strong start to the year just after the Trump administration intensified efforts to pressure the Federal Reserve into lowering interest rates. This upward movement was supported by December’s CPI report indicating headline inflation at 2.7%, highlighting persistent price pressures despite gains in risk assets. By mid-afternoon EST, bitcoin retreated slightly but held steady above $94,000—about 2% higher than its previous day’s close near $91,600.
The price jump coincided with a notable turnaround in spot bitcoin ETF flows that ended several days of outflows. BlackRock’s IBIT ETF led this recovery with nearly $112 million flowing in while Grayscale’s GBTC saw an inflow of approximately $64 million. These combined contributions pushed total cumulative ETF inflows beyond $56 billion and helped propel bitcoin back over the key threshold of $92,000—signaling renewed institutional interest.
This rally boosted bitcoin’s market capitalization past the impressive mark of $1.87 trillion and lifted the overall cryptocurrency market valuation to roughly $3.28 trillion. Prices returned to levels last observed on January 7th and reignited speculation among investors that BTC might surpass the coveted milestone of $100,000 before Q1 concludes.
Despite enthusiasm across markets, it is important to note that the CPI figure remains above the Federal Reserve’s target rate of 2%, complicating narratives about rapidly easing inflationary pressures. Traditionally under standard monetary policy frameworks such persistent inflation would weaken arguments for aggressive rate reductions.
The Trump administration has nevertheless doubled down on its stance—publicly confronting the Fed and calling for more accommodative policies amid rising tensions between political leadership and central bank independence concerns intensified further when late Sunday reports revealed that the Department of Justice had launched an investigation into Federal Reserve operations—a move widely criticized as undermining central bank autonomy.
Bitcoin’s recent upswing has revived optimism reminiscent of earlier this month when prices neared a peak close to $94,500 on January 5th. With positive momentum returning through increased ETF investments alongside ongoing political developments affecting U.S monetary policy decisions traders are closely watching whether BTC can maintain its climb toward six-figure territory over coming weeks.
FAQ ❓
What factors propelled Bitcoin beyond $93,700 on January 13, 2026?
The rally was primarily driven by fresh U.S. CPI data registering at 2.7% combined with renewed positive inflows into Bitcoin ETFs.
Which ETFs were instrumental during this rebound?
BlackRock’s IBIT attracted approximately $112 million, while Grayscale’s GBTC recorded about $64 million in new investments.
How did Bitcoin’s surge affect overall crypto market capitalization?
Bitcoin’s market cap surpassed $1.87 trillion, pushing total cryptocurrency market value up to around $3. .28 trillion.
What political dynamics influenced investor sentiment during this period?
Heightened tensions arose as President Trump’s administration openly challenged Federal Reserve policies while DOJ investigations questioned Fed independence&comma impacting confidence among investors.