Bitcoin Climbs Above $93K as US Inflation Holds Steady

Market Overview - Bitcoin has reclaimed the $93,000 mark, rising over 2% in the past 24 hours, marking its first time above this level in nearly a week [1] - As of the latest data, Bitcoin is trading at $93,406, with a significant increase in trading volume of 20%, reaching $88.9 billion [2] Investor Sentiment - Users on the Myriad prediction market show an 80% probability that Bitcoin will reach $100,000, indicating strong optimism among traders [3] - Despite the increase in trading volume, trader sentiment remains cautious, with the Crypto Fear & Greed Index still reflecting a Fear rating, although it has improved from Extreme Fear [5] Market Dynamics - Analysts from Glassnode note that while trading volume has rebounded, the cumulative volume delta (CVD) has deteriorated, indicating a rise in sell-side dominance and a more defensive market posture [4] - The recent Consumer Price Index data has prompted investors to closely monitor the U.S. Supreme Court's upcoming decision on President Trump's tariff policies, which could impact market volatility [6][7]