Bitcoin Price Surges to $97K Despite High PPI Inflation, No US Tariff Ruling Released

Bitcoin reached a two-month high of $97,000 on January 14, 2026, as crypto markets continued to diverge from US stock benchmarks amid strong Producer Price Index (PPI) inflation numbers.
The rebound occurred despite the Bureau of Labor Statistics reporting that PPI inflation for November 2025 was 3%, above the expected 2.7%.
Meanwhile, the US Supreme Court did not release a decision on the legality of international trade tariffs as anticipated, further contributing to market uncertainty.

The S&P 500 and Nasdaq Composite both declined on Wednesday after the release of inflation data and retail sales figures that exceeded expectations.
Bitcoin's price divergence from equities was notable, as it rebounded while traditional markets faced headwinds from inflation and economic reports.
Analysts pointed to the Federal Reserve's likely pause in interest rate adjustments as a factor supporting Bitcoin's price movement.

Why Did This Happen?

The rebound in Bitcoin's price was attributed to a combination of macroeconomic factors and reduced uncertainty regarding US trade policy.
Despite PPI inflation being at its highest level since July 2025, traders had already priced in a pause in interest rate changes at the Fed's January meeting.
The delay in the Supreme Court ruling on tariffs also contributed to temporary relief in macroeconomic uncertainty.

How Did Markets React?

Equity markets continued to struggle with volatility, with the S&P 500 declining by 0.8% and the Nasdaq Composite falling 1.2%.
Bitcoin, in contrast, experienced a sharp rebound, with short liquidations reaching $500 million as prices rose.
The broader cryptocurrency market also saw gains, with total market capitalization rising above $3.1 trillion.

What Are Analysts Watching Next?

Analysts are closely monitoring Bitcoin's ability to close the week above $93,500, a level seen as key to confirming a potential bull run similar to the one in April 2025.
Technical indicators suggest that Bitcoin is testing a descending triangle pattern, with a breakout above $91,500 expected to signal further upside.
The market remains cautious ahead of the Supreme Court's anticipated ruling on Trump's tariffs, which could introduce renewed volatility.

Bitcoin's price has also drawn attention due to its divergence from gold and equities, with some analysts suggesting a rotation into digital assets could occur.
However, concerns remain about liquidity and institutional positioning, with on-chain data showing rising pressure on key support levels.

As of January 14, Bitcoin traded around $93,330, a 4.8% increase in the weekly timeframe, with attention focused on the $93,500 threshold.
The next major technical level of interest is the 50-week exponential moving average (EMA) at around $97,650, which analysts believe could be a turning point for Bitcoin's trend.

The outcome of the Supreme Court ruling will likely shape Bitcoin's near-term trajectory, with traders bracing for potential volatility as macroeconomic and policy uncertainties remain in focus.