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Bitcoin has reclaimed the $100k mark after weaker-than-expected CPI data set, which has spurred optimism across markets. The core CPI reading for the month came in at 0.2%, below the forecasted 0.3%, while the general CPI aligned with expectations. This data has led to a positive reaction in risk-on assets, as the lower core CPI figure signals reduced inflationary pressure and the potential for further interest rate cuts.
Prior to this release, market sentiment regarding inflation had been hawkish, with Federal Reserve Chair Jerome Powell adopting a firm stance at the last FOMC press conference. Combined with persistently strong jobs data, the outlook appeared set for limited monetary easing. However, this latest CPI report suggests a meaningful shift, potentially setting the stage for a more dovish Fed approach or even a rate cut at the next meeting.
With only two rate cuts currently forecast for the year, this lower-than-expected inflation reading raises the possibility of additional easing—a shift from the sentiment prior to Powell’s December press conference, when markets had been expecting as many as four or five rate cuts in 2025.
Source:https://cryptobubbles.net/
In response to this positive economic data, the cryptocurrency market has surged, extending its bullish trend. Bitcoin has climbed back above $100k, recovering from a dip below $90k just two days ago. The broader market has responded in kind, with 99 of the top 100 cryptocurrencies trading in the green.
Notable leaders in the market include AI agent projects such as Virtual and AI16z, alongside XDC, a real-world asset protocol that has gained traction. Another standout is the newly migrated S, which has taken the lead in the market following its post-migration downturn.
Stormrake Spotlight: HeyAnon (ANON) ($23.6)
Stormrake Spotlight: HeyAnon (ANON) ($23.6)
HeyAnon, led by renowned developer Daniele Sestagalli—known for launching successful projects, some of which have reached over $1 billion in market capitalisation—has made an impactful debut by integrating AI-driven automation with decentralised finance.
AI agents in crypto are autonomous programmes designed to analyse data, execute tasks, and optimise decision-making within the blockchain ecosystem. HeyAnon capitalises on these capabilities, offering advanced data aggregation and operational efficiency. Since its launch in late December at an initial price of $1, ANON has soared to $23.6, with a market capitalisation of $398 million.
This rapid growth reflects the project’s potential within the booming DeFi-AI sector. For investors seeking opportunities in a dynamic and innovative space, ANON could be a strong contender for their portfolios.
BTC/USD Key Levels and Price Action:
BTC/USD Key Levels and Price Action:
Bitcoin’s bullish momentum has been further bolstered by the softer-than-expected CPI data. BTC has not only reclaimed the $100k level but has also broken through the middle CPR levels. If Bitcoin can hold above $100k as support, the next key level to watch is $104k.
Currently, all indicators—price action, structure, and momentum—favour the bulls. For the bears to regain control, a significant pullback below $96k would be required.
BTC Total ETF Flows for 15 Jan: $ + 205.9 million
(ETF flow data is sourced from https://farside.co.uk/btc/ and reflects figures at the time of writing.)
ETH/USD Key Levels and Price Action:
ETH/USD Key Levels and Price Action:
Ethereum has followed Bitcoin’s bullish trajectory, breaking above the $3,370 key level and reclaiming the middle CPR range. This movement has flipped both momentum and structure back in favour of the bulls. The next key target for ETH is $3,557, with $3,370 expected to act as strong support.
ETH Total ETF Flows for 15 Jan: $ + 8.1 million
(ETF flow data is sourced from https://farside.co.uk/eth/ and reflects figures at the time of writing.)
*All prices are denominated in USD unless stated otherwise*
Written by Alexandar Artis
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