Bitcoin spent the weekend in a calm but confident mood, sitting above a major support area while traders braced for a busy week of U.S. economic and policy developments. The largest cryptocurrency changed hands near $90,590 on Sunday, not far from its year-to-date peak of $94,470, and still well above the November low around $80,000.
Rather than making a decisive move, Bitcoin has been consolidating—its tight range reflecting caution ahead of three potential catalysts: fresh inflation data, a key Supreme Court ruling, and progress on U.S. crypto legislation.
Inflation report could sway Fed expectations
The first big moment lands Tuesday, when the Bureau of Labor Statistics releases the latest Consumer Price Index (CPI) report. Economists surveyed by Reuters expect both headline and core inflation to rise 2.7% in December.
What that number looks like matters for crypto. A hotter-than-expected CPI could strengthen the case for the Federal Reserve to keep interest rates higher for longer, typically a headwind for risk assets like Bitcoin. A softer reading, meanwhile, would likely fuel bets on rate cuts, potentially offering bullish momentum.
Friday’s jobs data added another wrinkle: the U.S. unemployment rate reportedly fell to 4.4% in December, with 55,000 jobs created, signaling ongoing economic resilience.
CLARITY Bill puts regulation back in focus
Crypto markets are also watching Washington. The Senate is scheduled to hold a markup for the Market Structures Bill—known as the CLARITY Act—this week. Any signs of meaningful progress could be taken positively by traders.
The bill aims to bring clearer rules to the digital asset sector, particularly by defining how responsibilities are split between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Regulatory clarity has long been viewed as a missing ingredient for broader institutional participation.
SCOTUS ruling adds another macro variable
Another item on the calendar is the U.S. Supreme Court’s decision regarding former President Donald Trump’s tariffs. The court will determine whether those tariffs were legally imposed. If deemed illegal, Trump could still pursue alternative paths to similar trade outcomes. While not strictly crypto-specific, such rulings can ripple through risk sentiment across markets, including digital assets.
Technical picture leans bullish
On the charts, Bitcoin is flashing strength. The daily timeframe shows the formation of an ascending triangle, a pattern often associated with bullish continuation. Price is also trading above the 50-day Exponential Moving Average, reinforcing positive momentum.
A clean breakout above resistance near $94,468 would strengthen the bullish case and open the door toward the psychological $100,000 level. That target aligns with a major support-and-resistance pivot indicated by the Murrey Math Lines tool.
For now, Bitcoin remains poised—steady, supported, and waiting. With macro data, regulatory developments and a court ruling all converging this week, volatility could return quickly. Traders are watching closely to see which catalyst takes the lead.
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