Bitcoin Eyes $92K Breakout as US Stocks Hit Record on Low CPI Data

Bitcoin moved toward a potential breakout above $92,000 on Tuesday as U.S. stocks hit fresh record highs following cooler-than-expected inflation data.

The world’s largest cryptocurrency rose about 1.5% in early Wall Street trading after December U.S. Consumer Price Index data showed inflation easing. Headline CPI matched expectations at 2.7%, while core inflation came in slightly lower at 2.6%, boosting risk sentiment across markets.

U.S. equities rallied on the data, with the S&P 500 reaching new all-time highs. The move came despite ongoing tensions between President Donald Trump and Federal Reserve Chair Jerome Powell, with Trump renewing calls for interest rate cuts, which traders say could support liquidity for risk assets, including cryptocurrencies.

Bitcoin hovered near key resistance levels around $92,000–$94,000, with analysts warning that the current trading range may soon break as market volatility builds.

Kursiv Uzbekistan also reports that Global central bank leaders have voiced strong support for U.S. Federal Reserve Chair Jerome Powell, warning that political pressure on the Fed could threaten global financial stability.