Bitcoin Surges Above $93K as Inflation Dips and Rate-Cut Odds Fade

Bitcoin surged above $93,000 following U.S. inflation data slightly below expectations.

“What to know: Crypto Week Ahead is a comprehensive list of what's coming up in the world of cryptocurrencies and blockchain, as well as the major macroeconomic events that will influence digital asset markets”

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TradingView reported BTC reached weekly highs, buoyed by the S&P 500 hitting all-time levels.

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CoinMarketCap data cited by ABC Bourse had bitcoin up 2.1% at $93,666.

The Kobeissi Letter noted both headline inflation and core inflation remained stable in December.

Markets initially cheered the Fed's January rate cut, but messaging around future moves has left investors cautious.

Negocios reported the market started the week with a negative tone ahead of key macroeconomic data.

ABC Bourse

On Polymarket, odds of no rate cuts in 2026 climbed from about 2.9% to 35.9%.

Trump was considering nominating Rick Rieder from BlackRock to lead the Fed.

Dragosch said bitcoin has been pricing in a U.S. recession already.

“The cryptocurrency market begins the week with declines, with Bitcoin and Ethereum leading the losses, as investors reduce risk ahead of the publication of decisive macroeconomic data in the United States that could redefine expectations about interest rates”

Negocios

The ISM Manufacturing Index surprised to the upside in March.

Market-based recession odds dropped from around 37% to 28%.

The risk-reward ratio for bitcoin is significantly skewed to the upside.