- Bitcoin reclaimed roughly $93,000 on Tuesday after a modest price rise over 24 hours.
- Trading volume jumped about 20% to $88.9 billion, signaling renewed activity but mixed sentiment.
- A prediction market on Myriad now shows an 80% probability that BTC will reach $100,000 rather than fall to $69,000.
- Glassnode analysts warn that spot CVD has deteriorated, indicating growing sell-side dominance despite higher volume.
- QCP Capital flagged a pending U.S. Supreme Court decision on presidential tariff policies as a potential driver of cross-asset volatility.
Bitcoin rose above $93,000 on Tuesday, gaining more than 2% in 24 hours after U.S. consumer prices increased 0.3% in December and 2.7% year-over-year, according to new data from the Bureau of Labor Statistics. Traders responded with higher activity as markets digested the inflation read.
At the time of reporting, Bitcoin traded around $93,406, per CoinGecko, while 24-hour trading volume climbed roughly 20% to $88.9 billion, according to CoinGlass. The rise in volume points to returning liquidity after recent cycle lows.
A prediction market on Myriad, a platform owned by Dastan, now assigns about an 80% probability that BTC will climb to $100,000 rather than drop to $69,000; the market was published in late November and was updated recently as conditions changed. The Myriad outcome reflects user bets and current positioning.
Analysts at Glassnode noted that volume has modestly rebounded but warned that spot CVD has worsened, signaling stronger sell-side pressure. They wrote, “Trading volume has rebounded modestly from cycle lows, pointing to early signs of liquidity rebuilding, however spot CVD has deteriorated, signaling rising sell-side dominance and a more defensive near-term posture.”
Sentiment gauges remain cautious. The Crypto Fear & Greed Index has improved from Extreme Fear but was still at a Fear reading on Tuesday. Separately, QCP Capital analysts noted that investors will watch how the U.S. Supreme Court rules on the president’s tariff policies, saying it “could further influence cross-asset positioning and risk sentiment.”
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