Bitcoin has topped $93,000 per bitcoin following the latest U.S. inflation data showing prices rose as expected in December—setting up a huge Federal Reserve game-changer.
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The bitcoin price has struggled through the first couple of weeks of 2026 even as Goldman Sachs quietly joins crypto market bulls.
Now, as traders begin to panic over the future of the U.S. dollar, the bitcoin and crypto market is braced for the U.S. supreme court to overturn U.S. president Donald Trump’s global trade tariffs as soon as Wednesday.
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U.S. president Donald Trump’s global trade tariffs could be struck down this week—with traders braced for “massive” crypto and bitcoin price volatility.
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“This Wednesday’s expected Supreme Court ruling on federal tariff authority will be a massive volatility driver for both the dollar and risk assets,” Matt Mena, crypto research strategist at 21shares, said in emailed comments.
Earlier, Trump posted to Truth Social that, “we’re screwed” if the supreme court rules against the tariffs, predicting “it would be a complete mess, and almost impossible for our country to pay.”
Trump’s sweeping global tariffs, unveiled in April 2025 and sending shockwaves through the global economy, are being challenged by small businesses and 12 U.S. states, arguing the White House doesn’t have the authority to impose new levies on imports.
The latest bitcoin price rally comes as economists bet “the recent run of figures suggests inflation has peaked,” Michael Pearce, chief economist at Oxford Economics, told the Financial Times.
“We think tariff-driven price rises have mostly been passed through,” Pearce said, adding he expected inflation to decline towards the Fed’s target this year.
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A bitcoin price sell-off appears to have run its course, wit the bitcoin price climbing back toward $100,000.
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In December, core inflation, stripping out volatile food and energy prices, rose 2.6%—just below expectations of 2.7%—with the headline figure pushed higher by housing-related prices, which rose 3.2%.
“Bitcoin surged past the $92,000 resistance level on the news and is now settling around this level,” Mena wrote, pointing to historical data that shows “bitcoin has averaged a 3.2% rally in the 48 hours following a core CPI ‘beat,’ setting the stage for new all-time highs this quarter.”
Bitcoin is climbing as gold and silver both notch fresh all-time highs after surging into 2026, with some confident bitcoin will follow in their footsteps this year.
“Bitcoin is increasingly behaving as a sophisticated macro hedge; in a world of weaponized energy and heightened geopolitical tensions, bitcoin is being repriced as an international reserve that remains indifferent to sovereign border disputes,” Mena added.