Bitcoin achieved a significant milestone on January 13, 2026, surging to a two-month high of $96,500. This upward movement was largely driven by cooling U.S. Consumer Price Index (CPI) data and substantial inflows into spot Bitcoin Exchange-Traded Funds (ETFs).
The rally reflects a positive shift in market sentiment, particularly as inflation shows signs of abating. This development enhances confidence in Bitcoin's positioning as a potential safe-haven asset in the current economic climate.
Specifically, Bitcoin's price reached $96,500 on January 13, 2026, coinciding with a decrease in U.S. core CPI inflation to 2.6%. The cryptocurrency market saw substantial support with spot Bitcoin ETFs attracting $753.7 million in inflows, a key factor contributing to the cryptocurrency's impressive surge.
ETF Inflows Fuel Significant Bitcoin Rally
The substantial inflows into Bitcoin ETFs acted as a catalyst for a broad market rally, propelling Bitcoin's value by 4.6%. This surge in enthusiasm was not limited to Bitcoin; related cryptocurrencies such as Ethereum, XRP, and Dogecoin also experienced notable price increases, underscoring a general uplift in market optimism.
The release of moderate inflation data provides a favorable backdrop for the Federal Reserve's pursuit of a soft-landing economic scenario, thereby increasing the likelihood of interest rate cuts. Market analysts highlighted that renewed interest in Ethereum's staking and Decentralized Finance (DeFi) ecosystem also contributed to its strong performance. Joel Kruger, Crypto Strategist at LMAX, commented on Ethereum's parallel ascent, stating, "Ethereum has also rallied in tandem, outperforming on the day thanks to renewed enthusiasm around on-chain activity, staking, and DeFi."
Bitcoin Surpasses $95,000, Testing Key Resistance Levels
Bitcoin's recent rally saw it break above the $95,000 mark, subsequently testing previous resistance levels that were observed in the range of $94,000 to $96,000. Historically, such price movements often correlate with periods of a weakening U.S. dollar or easing inflationary pressures.
Joel Kruger observed that Bitcoin's successful breakout above $95,000 signals robust technical strength. Matt Mena further suggested that the confluence of inflation data and employment reports aligns with the Federal Reserve's objectives, pointing towards potential economic stabilization.