- Bitcoin rises above $97,000 on risk-on outlook
- Bitcoin ETFs additionally benefited from large inflows.
- Dangers embody geopolitical escalation;
Bitcoin is surging once more after a gradual begin to 2026, with the most recent rally taking BTC to a excessive of $97,360 as risk-on sentiment reignites throughout world markets.
The cryptocurrency’s sharp rally over the previous 24 hours has bulls enthusiastic about the potential of it breaking above the important thing psychological stage of $100,000.
Analysts see weaker fiat currencies and supportive institutional capital flows as key to renewed rotation into digital belongings, because the broader cryptocurrency market eyes additional upward momentum.
However traders are additionally conscious of the macroeconomic state of affairs, with US inflation statistics exhibiting that the producer value index (PPI) rose 3% in November, the best stage since July.
Whereas this might complicate the backdrop for value actions, analysts say Bitcoin breaking above $100,000 could be an vital transfer.
Bitcoin soars to $97,000
Shares rose following the discharge of the US Client Worth Index on Tuesday, and Bitcoin took risk-on momentum, rising from $93,000 to a excessive of $97,360.
Wall Road subsequently fell as banking and tech shares fell, however Bitcoin rose barely.
BTC’s greater than 4% surge signifies a stable risk-on outlook, with altcoins similar to Ethereum, XRP, and Solana additionally rising.
Wanting on the chart, we are able to see that Bitcoin is hovering at seemingly resistance close to the $97,000 to $97,500 zone.
Nevertheless, this improve represents a big restoration from the low-$90,000 stage in early January.
This rally pushed BTC previous the $95,000 resistance stage, a barrier that has held again upward momentum since November 2025, analysts at QCP Group famous by way of X.
1/ QCP Asia Coloration, January 14, 2026
We’re going up, we’re going up, we’re going up, that is our second
Goldilocks nonetheless holds true: U.S. employment is steady and inflation stays steady. Danger is returning throughout the board, from shares and valuable metals to the greenback and cryptocurrencies.
— QCP (@QCPgroup) January 14, 2026
QCP notes that Bitcoin may entice investor rotation from conventional secure havens, and sees the bellwethers prone to proceed to point out power.
Latest US CPI statistics have been steady and in step with average inflation expectations, making a extra supportive setting for danger belongings.
The $100,000 stage is attracting consideration within the circulation of ETFs.
Regardless of vital headwinds, the general market construction suggests the rally may proceed, with technical indicators pointing to bullish momentum and quantity, supporting the rally.
The current rally has been supported by giant inflows into the US Spot Bitcoin ETF.
As Bloomberg ETF senior analyst Eric Balchunas identified, these funds posted greater than $760 million in flows in in the future.
Bitcoin ETF had an enormous day with $760 million in flows. They want it, and so they began this yr rather well, had been down, and now they’ve gotten it again and are above water year-to-date. Take a look at the YTD circulation the place everybody sees the motion (this was like the opposite night time when 10 youngsters on my eighth grade baseball staff scored in a sport, I find it irresistible… pic.twitter.com/xeHw6EfBrS
— Eric Balchunas (@EricBalchunas) January 14, 2026
Demand will return after giant redemptions in late 2025 and early this yr.
The present momentum takes on a special image, exhibiting rising confidence amongst institutional traders as BTC approaches the $100,000 stage.