Bitcoin breaks through the $ 95,000 level

The cryptocurrency market rose sharply on Wednesday, January 14. This happened after the release of data on the decline in inflation in the United States and amid political uncertainty around the Federal Reserve, and fueled demand for scarce assets that are not tied to government currencies.

As a result, Bitcoin BTC $96,179.60 Mezo Wrapped BTC 3.19% Market capitalization $55.7 million VOL. 24 hours $2.21 billion rose by more than 4% per day and exceeded $ 95,000 for the first time in a week, reaching $ 95,172. Ethereum ETH $3,320.62 Bridged Ether (StarkGate) 6.23% Market capitalization $75.32 million VOL. 24 hours $1.76 billion showed an even stronger result, with over 7% growth to $ 3,330. Other major tokens, including Solana SOL $145.55 Binance-Peg SOL 2.48% Market capitalization $0.16 billion VOL. 24 hours $0.6 billion , Cardano ADA $0.42 Cardano 6.97% Market capitalization $15.46 billion VOL. 24 hours $82.28 million , XRP XRP $2.15 XRP 3.98% Market capitalization $130.35 billion VOL. 24 hours $0.31 billion , and Binance Coin BNB $937.95 BNB 3.22% Market capitalization $129.19 billion VOL. 24 hours $0.25 billion added up to 9%.

Lower inflation eased pressure on bond yields and improved liquidity, which traditionally favors cryptocurrencies and other risky assets. An additional factor was the news that the US Department of Justice had issued subpoenas to the Federal Reserve, which weakened the dollar and increased the attractiveness of assets independent of central banks.

The growth was accompanied by large-scale liquidations in the derivatives market. According to Coinglass, $ 688 million worth of positions were closed during the day, of which $ 603 million were shorts. Almost 122,000 traders were affected, with the largest liquidation amounting to $ 12.9 million in the ETHUSDT pair on Binance. This showed how aggressively the market was set to fall before the release of inflation data and how quickly the situation changed.

Traditional markets also supported the risk-on mood. Asian stock indices updated their records, silver exceeded $ 90 per ounce for the first time, and gold remained near historic highs. Investors are increasingly looking for assets that benefit from softer financial conditions and currency volatility.