Key Points

• Bitcoin surpassed $100,000, following yesterday’s inflation data and new inflows in BTC ETFs.
• Fidellity’s BTC ETF recorded the most significant inflows above $463 million.

The crypto market received an injection of optimism on January 15, after Bitcoin climbed above the important psychological level of $100,000 again. CPI data, renewed inflows in the US BTC ETFs, and the nearing Trump administration maintain a positive vibe in the industry.

Bitcoin Surpassed $100,000 on January 15

Yesterday, Bitcoin price surged from $96,000 levels, surpassing $100,000 again, as we previously predicted, following the release of the CPI report for December 2024.

At the moment of writing this article, BTC is trading above $99,000, up by over 2.5% today.

The January 15 price rally for BTC debuted following the release of the inflation data in the US.

CPI Data Signaled Cooling Inflation

The Core CPI rose by 0.2% in December, less than economists’ expectations, and the YoY Core CPI eased to 3.2%, seeing an unexpected decline. Bloomberg noted that prices for shelter, airfares, used cars, and trucks posted gains. Also, the Fed is likely to remain on hold amidst a strong labor market and lingering inflation.

The lower-than-expected reading provided a price boost for Bitcoin, signaling the potential for monetary easing.

As the CPI fell below expectations, it showed support for a risk-on environment, encouraging capital flows into assets such as BTC. Historical patterns suggest that a weaker dollar could enhance BTC’s appeal to both institutional and retail investors.

Speaking of institutional investments, the US BTC ETFs recorded renewed inflows following four days of outflows.

BTC ETFs Recorded Over $755 Million Inflows

Yesterday, January 15, the US BTC ETFs recorded the first day of inflows following a streak of outflows. The crypto products saw over $755 million in inflows, with Fidelity’s BTC ETF, FBTC as the leader above $463 million, according to SoSoValue data.

Grayscale’s BTC ETF, GBTC, recorded over $50 million in inflows, and the third spot was taken by Btiwise’s BITB, at over $32 million.

As of January 15, the total net assets locked in BTC ETFs were above $113 billion, while the cumulative net flow in the crypto products since their January 2024 debut sits at $36.48 billion.

Optimism Remains in the Crypto Industry

Bitcoin’s latest price rally, fueled by multiple factors, including Strategic BTC Reserves in more US states, brings optimism to the crypto market five days before the new Trump administration’s debut on January 20.

Ahead of the important event, a Crypto Ball has been organized in Washington, DC, for tomorrow, January 17, bringing more excitement to the industry.