Bitcoin price tags $97K despite high PPI inflation on no US tariff ruling

3 weeks ago

Bitcoin (BTC) spiked to $97,000 astatine Wednesday’s Wall Street unfastened arsenic crypto markets shrugged disconnected resurgent US inflation.

Key points:

Bitcoin reaches caller eight-week highs, shrugging disconnected precocious US PPI ostentation information for November.
The Supreme Court does not contented a ruling connected planetary commercialized tariffs.
BTC terms indispensable adjacent the week supra $93,500 to repetition April 2025-style bull run.

Bitcoin hits caller two-month high, shrugs disconnected PPI

Data from TradingView showed BTC terms enactment connected the rebound aft consolidating gains from the time prior.

With buying powerfulness backmost during US TradFi trading sessions, BTC/USD diverged from stocks aft Producer Price Index (PPI) ostentation information came successful considerably supra expectations.

As confirmed by the Bureau of Labor Statistics (BLS), PPI and halfway PPI for November 2025 came successful astatine 3% against an anticipated 2.7%.

“The November summation successful prices for last request tin beryllium traced to a 0.9-percent beforehand successful the scale for last request goods. Prices for last request services were unchanged,” an official statement read.

Higher ostentation implies stricter economical argumentation reactions from the Federal Reserve and little liquidity disposable for crypto and hazard assets arsenic a result.

Despite this, Bitcoin bulls showed small involvement successful slowing a rebound — markets had already priced successful a pause successful interest-rate changes astatine the Fed’s January meeting.

“PPI ostentation is present up to its highest level since July 2025. The Fed volition PAUSE complaint cuts successful 2 weeks,” trading assets The Kobeissi Letter wrote successful an X reaction.

Earlier, Cointelegraph reported connected wide marketplace acceptance of imaginable macro hazard factors — including a imaginable rejection of US commercialized tariffs by the Supreme Court.

While a determination was expected connected the day, the tribunal yet did not merchandise immoderate ruling connected the matter. The docket for rulings is not disclosed successful advance.

BTC price: All eyes connected $93,500 play close

Looking ahead, trader and expert Rekt Capital said that the play candle adjacent would beryllium of cardinal importance.

Successfully flipping the 2025 yearly unfastened astatine $93,500 to support, helium said connected the day, would spot BTC/USD successful a akin concern to erstwhile rebounds.

“Bitcoin is present hovering supra $93500, connected the cusp of positioning itself for a repetition of November 2024 and April 2025 past (green circles),” helium told X followers alongside an explanatory chart.

“Bitcoin volition request to simply clasp supra $93500 heading into the caller Weekly Close. History suggests a retest of $93500 into caller enactment could besides beryllium connected the cards.”

Last April, BTC/USD concisely dipped beneath $75,000 — again owed to tariff-related news — before embarking connected a 50% bull tally implicit the coming weeks.

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