Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Bitcoin reclaims $95,000 within 2 months as US CPI data drives rebound
Source: DecenterKorea Original Title: Bitcoin recovers to $95,000 after 2 months... US CPI slowdown impacts [Decenter Market] Original Link:
According to data from domestic cryptocurrency exchanges at 8:00 AM on January 14, Bitcoin(BTC) increased by 4.6% within 24 hours, reaching 1.4078 billion Korean Won.
Bitcoin surged by 5% from the previous day, breaking the $95,000 mark for the first time in two months. Ethereum(ETH), the second-largest cryptocurrency by market cap, also rose by 8%. This upward trend was mainly driven by the US Consumer Price Index(CPI) being lower than market expectations, boosting market expectations for the Federal Reserve(Fed) to cut interest rates.
According to data from global cryptocurrency market websites, at 8:00 AM on January 14, BTC increased by 4.88% compared to 24 hours earlier, with a trading price of $95,631.96. This is the first time since November last year that BTC has broken through $95,000.
Ethereum rose by 7.58%, trading at $3,329.35. XRP increased by 5.81% to $2.172, and a major exchange coin rose by 4.46% to $945.78.
The domestic market trend is similar. Domestic exchange data shows that BTC increased by 4.6% over 24 hours to 1.4078 billion Korean Won. ETH rose by 7.24% to 490.1 million Korean Won, and XRP increased by 5.61% to 3,200 Korean Won.
The strong performance of cryptocurrencies is mainly driven by the US December CPI data. The data was below expectations, fueling market expectations of inflation slowing down. As the prospect of the Federal Reserve more actively cutting interest rates spreads, cryptocurrency investment sentiment has also improved. According to the US Bureau of Labor Statistics, the core CPI in December last year rose by 2.6% year-on-year, below Bloomberg's expected 2.7%. The month-on-month increase was 0.2%, also lower than the expected 0.3%. The Federal Reserve will hold a Federal Open Market Committee meeting on January 27-28 to discuss the possibility of the first rate cut of the year.
The fear and greed index from a cryptocurrency data analysis firm dropped by 1 point to 26, indicating a "fear" state. The closer the index is to 0, the more pessimistic the investment sentiment; the closer to 100, the more overheated the market.