CoinEx Daily: Bitcoin Breaks Out on CPI Data as CLARITY Act Momentum Builds

Daily View

Bitcoin has surged from its narrow consolidation range, signaling the end of a low-volatility period. The market is buoyed by the newly released U.S. December CPI data, which met expectations at 2.7%, while investor sentiment is further bolstered by the looming committee markups for the CLARITY Act. Analysts note Bitcoin's correlation with gold has recently turned negative/zero, a historical signal that has previously pointed to potential gains of at least 50%.