.png){kind=logo}
Bitcoin traded higher over the past 24 hours as CoinMarketCap data showed firm gains supported by strong trading activity and unchanged supply conditions. At the time of reporting, Bitcoin is priced at $87,944.77, reflecting a 1.29% daily increase. This move pushed Bitcoin market capitalization to $1.75 trillion, matching the same 1.29% gain over the session.
Trading activity expanded sharply as 24-hour volume reached $58.55 billion, marking a 32.84% rise. The surge pointed to renewed market participation during a volatile session. Bitcoin fully diluted valuation stood at $1.84 trillion, while the volume-to-market cap ratio measured 3.33%.
Metrics for the supply side did not show much variation throughout the session; the overall supply was the same as 19.9 million BTC while the circulating supply was 19.96 million BTC. The limit for the maximum supply was unchangeably 21 million BTC.
The 24-hour price chart showed early upside momentum before a sharp drop into negative territory. Prices stabilized later and recovered gradually; Bitcoin ended the session near intraday highs following the rebound.
Market conditions shifted following the November release of the US Consumer Price Index.The data printed one of its largest monthly declines since 2023 that came in well below expectations. The US Bureau of Labor Statistics confirmed the all-items index rising 2.7% over the twelve months ending in November.
The previous reading showed a 3.0% rise over the twelve months ending in September. The BLS also noted that the October CPI data was not released due to the government shutdown. This update altered short-term expectations across financial markets.
Trading resource ‘The Kobeissi Letter’ reacted quickly to this data, stating that core CPI inflation reached its lowest level since March 2021. The group further added that inflation now sits closer to the Federal Reserve 2% target than at any given point since the pandemic.
Crypto trader Daan Crypto noted that CPI missed the expected 3.1% increase by a wide margin, emphasizing how risk assets, including Bitcoin, rallied alongside falling bond yields and a weaker dollar. He also pointed out the three-month annualized CPI that now sits just above 2%.
Interest rate expectations shifted following the CPI release. Data from the CME Group FedWatch Tool placed the odds of a rate cut at the January 28 Federal Reserve meeting at 26.6%. The adjustment followed changes in inflation and bond market pricing.
Despite the bullish macro data, Bitcoin faced sharp liquidity-driven moves. Traders reported walls of liquidity above and below the BTC/USD price. The market failed to establish a sustained trend during these swings.
CoinGlass data showed total crypto liquidations exceeded $630 million over the last 24 hours. Forced exits affected both long and short positions amid rapid price changes. Volatility remained elevated throughout the session.
Crypto trader and entrepreneur Ted Pillows compared current Bitcoin price action to early 2025, stating that Bitcoin appeared to mimic a Q1 2025 fractal based on futures data. This comparison raised one question for traders watching closely: Could another macro bottom still lie ahead?
The referenced chart pointed to a prior instance in early April. During that period, Bitcoin briefly dipped below $75,000 before recovering; the pattern comparison emerged as snap price moves continued during the current session.
Read More: Bitcoin News Update: BTC Chart Flags $31,925 Risk after Weekly Resistance Fail
Bitcoin price traded near $88K as CPI data showed a sharp slowdown in inflation and trading volume surged 32%. Market capitalization held at $1.75T while liquidations topped $630M. Rate cut odds rose to 26.6%; traders are now closely watching liquidity zones and macro signals.
Bitcoin traded higher over the past 24 hours as CoinMarketCap data showed firm gains supported by strong trading activity and unchanged supply conditions. At the time of reporting, Bitcoin is priced at $87,944.77, reflecting a 1.29% daily increase. This move pushed Bitcoin market capitalization to $1.75 trillion, matching the same 1.29% gain over the session.
Trading activity expanded sharply as 24-hour volume reached $58.55 billion, marking a 32.84% rise. The surge pointed to renewed market participation during a volatile session. Bitcoin fully diluted valuation stood at $1.84 trillion, while the volume-to-market cap ratio measured 3.33%.
