{"id":1894,"date":"2025-12-17T08:12:28","date_gmt":"2025-12-17T13:12:28","guid":{"rendered":"https:\/\/www.decentralnetwork.org\/news\/?p=1894"},"modified":"2025-12-17T08:12:31","modified_gmt":"2025-12-17T13:12:31","slug":"bitcoin-10","status":"publish","type":"post","link":"https:\/\/www.decentralnetwork.org\/news\/bitcoin-10\/","title":{"rendered":"Bitcoin Holds Above $85K as Traders Await Key U.S. CPI Data"},"content":{"rendered":"\n<figure class=\"gb-block-image gb-block-image-08f5b60b\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" class=\"gb-image gb-image-08f5b60b\" src=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-17T184020.502.png\" alt=\"Bitcoin Holds Above $85K as Traders Await Key U.S. CPI Data\" title=\"Untitled design - 2025-12-17T184020.502\" srcset=\"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-17T184020.502.png 1200w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-17T184020.502-300x157.png 300w, https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-17T184020.502-768x402.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><a href=\"https:\/\/bitcoin.org\/en\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/bitcoin.org\/en\/\" rel=\"noreferrer noopener\">Bitcoin <\/a>showed signs of stability on Wednesday after buyers stepped in to defend the key $85,000 level, sparking a modest rebound. The move has now shifted market attention to a crucial macro event: the upcoming U.S. Consumer Price Index (CPI) report scheduled for Dec. 18 at 8:30 AM ET. The big question is whether fresh inflation data will fuel another leg higher\u2014or put pressure back on the market.<\/h2>\n\n\n\n<p>After sliding to an intraday low of $85,427 on Dec. 16, Bitcoin bounced sharply, climbing to a high of $87,918 during Asian trading hours. At the time of writing, the world\u2019s largest cryptocurrency was trading near $87,305, trimming some of its earlier gains.<\/p>\n\n\n\n<p>The rebound came shortly after the release of the latest U.S. jobs data, which surprised to the upside. Nonfarm payrolls rose by 64,000 in November, well above economists\u2019 expectations of 45,000. At the same time, the U.S. unemployment rate climbed to 4.6%, marking its highest level since September 2021.<\/p>\n\n\n\n<p>This mixed labor market picture has left investors divided. A strong jobs number gives the Federal Reserve more room to stay focused on inflation, but the rising unemployment rate raises concerns about economic momentum. Some analysts believe this could eventually push the Fed toward additional rate cuts as it balances inflation control with its employment mandate. Historically, expectations of lower interest rates have been supportive for Bitcoin and other risk assets.<\/p>\n\n\n\n<p>Bitcoin\u2019s short-term jump was also amplified by derivatives market activity. According to data from CoinGlass, roughly $38 million worth of short positions were liquidated over the past 24 hours, compared to $23.5 million in long liquidations. This suggests that a brief short squeeze helped accelerate the rebound as bearish traders were caught off guard.<\/p>\n\n\n\n<p>Looking ahead, the CPI report is now the main catalyst on traders\u2019 radar. Economists expect headline inflation to come in between 3.0% and 3.1% year-over-year, while Core CPI is forecast in the 2.9% to 3.1% range. A hotter-than-expected reading could prompt the Fed to pause rate cuts as early as January, potentially weighing on Bitcoin prices.<\/p>\n\n\n\n<p>Adding to the uncertainty is the Bank of Japan\u2019s interest rate decision due on Friday, Dec. 19. Polymarket data shows markets pricing in a 98% chance of a 25 basis point hike, which would push Japan\u2019s benchmark rate to 0.25% for the first time in over 11 months. With Japanese inflation still above 2%, a hike could have global ripple effects.<\/p>\n\n\n\n<p>If Japan raises rates while the U.S. moves toward easing, the narrowing yield gap could trigger an unwinding of the yen carry trade. Japanese institutional investors\u2014among the largest foreign holders of U.S. Treasuries\u2014may also repatriate capital, selling U.S. assets in favor of higher-yielding domestic bonds. Historically, Bitcoin and many altcoins have seen sharp pullbacks following Bank of Japan rate hikes.<\/p>\n\n\n\n<p>Commenting on the situation, David Hernandez, crypto investment specialist at 21Shares, noted that the strong jobs report poses short-term challenges for Bitcoin. However, he emphasized that the rise in unemployment sends a mixed signal and doesn\u2019t undermine Bitcoin\u2019s longer-term outlook. According to Hernandez, current volatility reflects a tactical hurdle rather than a fundamental shift in Bitcoin\u2019s broader narrative.<\/p>\n\n\n\n<p>Also Read: <a href=\"https:\/\/www.decentralnetwork.org\/news\/bitmine-2\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.decentralnetwork.org\/news\/bitmine-2\/\" rel=\"noreferrer noopener\">BitMine Boosts ETH Holdings, Bets Big on $20K Ethereum Future<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin showed signs of stability on Wednesday after buyers stepped in to defend the key $85,000 level, sparking a modest &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bitcoin Holds Above $85K as Traders Await Key U.S. CPI Data\" class=\"read-more button\" href=\"https:\/\/www.decentralnetwork.org\/news\/bitcoin-10\/#more-1894\" aria-label=\"Read more about Bitcoin Holds Above $85K as Traders Await Key U.S. CPI Data\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1895,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[2219,2221,2215,2216,2213,2211,2220,2222,2225,2223,2218,2224,2217,2212,2214],"class_list":["post-1894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-bank-of-japan-rate-hike-impact-on-bitcoin","tag-bitcoin-and-global-interest-rates","tag-bitcoin-holding-above-85k-support","tag-bitcoin-market-sentiment-today","tag-bitcoin-price-analysis-december-2024","tag-bitcoin-price-prediction-after-cpi-data","tag-bitcoin-reaction-to-us-jobs-data","tag-bitcoin-volatility-before-cpi-report","tag-btc-price-outlook-this-week","tag-btc-short-squeeze-liquidation-news","tag-federal-reserve-rate-cuts-and-bitcoin","tag-how-inflation-data-affects-bitcoin","tag-us-cpi-impact-on-bitcoin-price","tag-will-bitcoin-rally-after-us-cpi-release","tag-yen-carry-trade-effect-on-crypto-market","resize-featured-image"],"jetpack_featured_media_url":"https:\/\/www.decentralnetwork.org\/news\/wp-content\/uploads\/2025\/12\/Untitled-design-2025-12-17T184020.502.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/comments?post=1894"}],"version-history":[{"count":1,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1894\/revisions"}],"predecessor-version":[{"id":1896,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/posts\/1894\/revisions\/1896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media\/1895"}],"wp:attachment":[{"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/media?parent=1894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/categories?post=1894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.decentralnetwork.org\/news\/wp-json\/wp\/v2\/tags?post=1894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- This website is optimized by Airlift. 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