Bitcoin has reached a new high of $97,924, continuing its upward momentum after surpassing the $95,000 resistance level. Currently trading at $96,484, Bitcoin's rise is accompanied by Ethereum breaking above $3,400 and Solana reaching $148. The crypto market is experiencing significant liquidations, with $680 million in total, driven by $578 million in short positions. The recent rally is attributed to a shift in ETF funds, with Bitcoin spot ETFs seeing net inflows after a period of outflows. On January 13, a single-day net inflow of $750 million was recorded, marking a pivotal moment. Meanwhile, the U.S. CPI data indicates persistent inflation, with the Fed expected to maintain interest rates, limiting catalysts for policy easing. In regulatory developments, the CLARITY Act, aimed at establishing a comprehensive U.S. crypto regulatory framework, is under Senate review. Coinbase CEO Brian Armstrong has withdrawn support, citing concerns over DeFi bans and stablecoin regulations. The crypto industry remains divided, with some supporting the bill for its potential to provide long-term market certainty.