- Bitcoin rises above $97k on renewed risk appetite
- Gains have been supported by large inflows into Bitcoin ETFs.
- Risks include rising geopolitical tensions.
Bitcoin has surged again after a slow start to 2026, with the latest rally pushing BTC to a high of $97,360 amid renewed risk sentiment across global markets.
The sharp move in the cryptocurrency over the past 24 hours has sparked excitement about a potential breakout toward the psychological $100,000 level.
With broader crypto markets gaining upside momentum, analysts are noting a fresh rotation into digital assets, driven by weakening fiat currencies and continued institutional flows.
Investors are, however, mindful of the macroeconomic backdrop: recent US inflation data showed the Producer Price Index (PPI) rose 3% in November — the highest level since July.
That mixed macro picture could influence price action, but analysts say a sustained move above $100k would be a decisive development for Bitcoin.
Bitcoin jumps to $97k
Stocks rose after US consumer price data was released on Tuesday, and Bitcoin rode the risk-on sentiment from roughly $93,000 to a peak of $97,360.
Even as Wall Street later slipped amid losses for bank and tech shares, BTC continued higher.
The more than 4% uptick in Bitcoin signaled a strong risk appetite that lifted many altcoins as well, including Ethereum, XRP and Solana.
Chart action shows Bitcoin approaching potential resistance in the $97,000–$97,500 zone.
Nonetheless, the gains represent a notable recovery from early-January lows in the low $90k range.
This advance pushed BTC above the $95,000 hurdle—an obstacle that had capped upside since November 2025—according to analysts at QCP Group on X.
1/ QCP Asia Colour, 14 January 2026
We’re goin’ up, up, up, it’s our moment
Goldilocks still holds: US jobs look steady and inflation remains stable. Risk is back across the board, from equities and precious metals to the dollar and crypto.
— QCP (@QCPgroup) January 14, 2026
QCP sees scope for continued strength, suggesting Bitcoin could pull investors away from traditional safe havens.
Recent US CPI data, which remained stable and in line with moderate inflation expectations, has helped create a supportive environment for risk assets.
Bulls eye $100k as ETF flows surge
Despite notable resistance levels, the market structure points to the potential for further gains, with technical indicators showing upward momentum and trading volumes backing the rally.
Recent gains have been supported by large inflows into US spot Bitcoin ETFs.
Senior Bloomberg ETF analyst Eric Balchunas noted the funds recorded more than $760 million in inflows in a single day.
Bitcoin ETFs had Big Day with $760m in flows. They needed it, started year real strong, dipped and now made it up, YTD above water. Check out the YTD flows every one is seeing action (this was like when 10 kids on my 8th grade bball team scored in game the other night, you love… pic.twitter.com/xeHw6EfBrS
— Eric Balchunas (@EricBalchunas) January 14, 2026
The rebound in demand follows significant redemptions at the end of 2025 and earlier this year.
Current momentum paints a different picture, reflecting growing institutional confidence as BTC nears the $100k mark.
Still, investors should remain aware of downside risks, including geopolitical developments and potential shifts in macro policy that could quickly alter risk sentiment.