Ethereum reclaims $2,600 for first time in 7 months while Bitcoin surges above $79,000 after US Core CPI hits lowest level in over 5 years, adding $127 billion to crypto market.

According to the source, Bitcoin (BTC) briefly traded above 93,000 after the latest U.S. inflation report indicated price growth held steady, prompting risk-on interest in crypto. source: X post ID 2011139854030057901; source: U.S. Bureau of Labor Statistics. A steady CPI reading typically eases perceived pressure for additional Federal Reserve tightening, a dynamic traders track via the CME FedWatch Tool when positioning across BTC and crypto beta. source: CME FedWatch Tool; source: Federal Reserve FOMC communications. For execution, watch liquidity and momentum around 90,000 (near-term support), 93,000 (breakout pivot), and 95,000 to 100,000 (key psychological resistance) on major spot and derivatives venues for confirmation. source: Binance spot order book transparency; source: Coinbase price indices; source: Deribit options market metrics. Expect heightened volatility around CPI windows; monitor BTC funding rates, open interest, and implied volatility for continuation or mean-reversion signals. source: Coinglass derivatives dashboard; source: Deribit implied volatility indexes.

According to @QCPgroup, the key near-term catalysts are the US CPI release on Tuesday and a US Supreme Court tariff ruling on Wednesday, with volatility staying elevated and BTC and ETH likely to trade as macro-sensitive risk until a cleaner spot bid returns, source: QCPgroup on X, Jan 12, 2026. @QCPgroup advises traders to watch these events for directional cues and volatility management in BTC and ETH while spot demand remains weak, source: QCPgroup on X, Jan 12, 2026.