Bitcoin's Big Moment: What's Shaking Up the Crypto World?

USAFri Jan 16 2026
Advertisement
Bitcoin is hanging around the $95, 000 mark, but things aren't as smooth as they seem. The crypto market structure bill has cast a shadow, making investors a bit nervous. Despite this, Bitcoin ETFs pulled in $100. 1 million on Thursday, and Ethereum ETFs saw an even bigger boost with $164. 4 million in net inflows. Traders are keeping a close eye on Bitcoin. Skew notes that while there's still buying interest, it's not as strong as before. There's a lot of Bitcoin up for sale around $98, 000, which is making the price move a bit erratic. If the price dips, the $94, 000–$95, 000 range is a crucial support zone. Michael van de Poppe is optimistic. He thinks Bitcoin is holding strong above a former resistance area that's now acting as support. As long as it stays above the 21-day moving average, he believes the trend is still bullish and sees $100, 000 as the next big target.
Ethereum is also getting some attention. Trader CyrilXBT thinks it's still forming a long-term bottom. Over on the Solana front, trader PostyXBT says it's been a month of no major changes. Key levels need to be reclaimed to confirm a bullish setup, with the first big test around $148. XRP is showing mixed signals. Trader Popeye notes that on the four-hour chart, it looks like distribution on higher timeframes, but locally, it's broken structure to the upside. The next pullback will be important to see if it forms a higher low. Meme coins are taking a hit. The total market cap for meme coins dropped by 3. 9%, falling to $49. 18 billion. Dogecoin broke out of a falling wedge but then retraced the entire move, creating a potential long setup. Traders are eyeing the $0. 139–$0. 14 area as a possible entry point, with targets near $0. 15 and a stop-loss at $0. 136.
https://localnews.ai/article/bitcoins-big-moment-whats-shaking-up-the-crypto-world-246dc87e

actions