Bitcoin Price Surges as Moderate US Inflation Data Boosts Market Confidence

Positive Sentiment Drives Crypto Market

The price of Bitcoin (BTC) has experienced a significant surge in the past week, reaching a peak of US$ 96,232 (approximately Rp 1.62 billion) on Thursday, January 14. This upward movement was primarily driven by the release of moderate US inflation data for December, which aligned with market expectations and strengthened the likelihood of stable interest rates in the near future.

Key Inflation Data Points

The US Consumer Price Index (CPI) for December showed a 0.3% monthly increase and 2.7% yearly growth, while the core inflation rate, which excludes volatile food and energy prices, rose by 0.2% monthly and 2.6% yearly. These figures indicate a controlled inflation environment, boosting investor confidence in riskier assets such as cryptocurrencies.

Impact on Cryptocurrency Market

The positive inflation data had an immediate impact on the cryptocurrency market:

• Bitcoin (BTC) price surged to nearly Rp 1.69 billion
• Ethereum (ETH) rose by 6.92% to US$ 3,305 (approximately Rp 55.88 million)

Market Dynamics

The moderated inflation data reinforced market expectations that the Federal Reserve will maintain current interest rates in the upcoming meetings. This anticipation has created a favorable environment for risk assets, including cryptocurrencies.

Regulatory Developments

The recent draft of the Digital Asset Market Clarity Act in the US has also contributed to the positive market sentiment. This proposed legislation aims to provide clearer classification of digital assets as either securities or commodities, potentially granting the Commodity Futures Trading Commission (CFTC) broader authority over spot crypto markets.

Implications for Investors

The combination of favorable inflation data and potential regulatory clarity has created a positive outlook for cryptocurrency investors. The controlled inflation environment suggests that interest rates are likely to remain stable, making riskier assets more attractive.