XMR Hits New ATH, BTC Stopped at $98K, Senate Delays Crypto Structure Bill: Your Weekly Recap
It has been one other eventful week, because the cryptocurrency markets have reacted to the newest developments on the US entrance and the controversy its chief continues to stir all over the world.
Last weekend was extremely uninteresting as bitcoin remained flat at $90,500. Its first revival indicators emerged on Sunday night when the asset tapped $91,000 and even $92,000 on Monday. It was stopped twice there, however the bulls had been extra persistent and broke above that resistance on Tuesday.
BTC stored climbing within the following days, and the end result occurred on Wednesday night when it surged to $98,000. This grew to become its highest price ticket in about two months.
After gaining ten grand since its 2026 entry value, BTC was due for a correction. It transpired prior to now 24 hours, essentially the most, because it was rejected at $97,000 and pushed south to only underneath $94,500 minutes in the past. This occurred shortly after US President Trump said Kevin Hassett will doubtless stay the National Economic Council Director relatively than turning into the following Federal Reserve Chair.
Despite this rejection and correction, bitcoin is definitely effectively within the inexperienced on a weekly scale. Its value has risen by over 3.5% since this time final Friday, as its market cap is round $1.9 trillion. However, its weekly efficiency pales compared to XRM’s. The privateness coin has skyrocketed by over 50% and trades close to its newest all-time high of over $700.
ICP and PUMP are the opposite double-digit gainers, adopted by ETH, BNB, and TRX from the bigger caps. In distinction, ZEC, SUI, LTC, and HBAR are deep within the purple.
Market Data
Market Cap: $3.280T | 24H Vol: $118B | BTC Dominance: 57.5%
BTC: $94,500 (+3.6%) | ETH: $3,260 (+4.8%) | XRP: $2.03 (-4.2%)
This Week’s Crypto Headlines You Can’t Miss
First Time in 3 Months: Bitcoin Fear and Greed Index Signals Greed. The value pump earlier this week shifted general market sentiment, because the concern and greed index entered ‘greed’ territory for the primary time in three months. As is usually the case following such a sudden change, the market headed in the other way quickly after.
2025 Was Brutal for Bitcoin, But Arthur Hayes Sees Liquidity-Driven Rebound Ahead. The tough ending to the earlier 12 months shall be adopted by a extra profound rally in 2026, predicted BitMEX’s former CEO, Arthur Hayes. In a brand new essay, he attributed the late 2025 decline to a declining US greenback credit score.
Ethereum Treasury Giant Bitmine Makes $200M Power Move Into MrBeast’s Empire. The largest ETH treasury agency has invested $200 million into Beast Industries, the leisure firm based by YouTube creator Jimmy Donaldson, who’s extensively often called MrBeast.
Senate Banking Committee Postpones Crypto Market Structure Bill. Perhaps essentially the most evident behind the newest value correction this week was the postponement of the extremely anticipated crypto market construction invoice. Senate Banking Committee chairman Tim Scott announced the choice on Thursday.
Ethereum Sets Record With 393,600 New Wallets in One Day. The Ethereum community hit an enormous milestone earlier this week as 393,600 new wallets had been created in a 24-hour window on January 11. This set a brand new document on this metric, despite the fact that ETH has remained far beneath its 2025 peak.
Monero (XMR) Hits Fresh Records But Experts Warn Against FOMO Entries. As talked about above, Monero had a giant week through which it broke its earlier document on a couple of events. The newest was on January 14 at nearly $800, however specialists warned traders to be cautious of FOMO entries.
The publish XMR Hits New ATH, BTC Stopped at $98K, Senate Delays Crypto Structure Bill: Your Weekly Recap appeared first on CryptoPotato.