- Crunch
- Global
Bitcoin is trading around $95,000 as traders remained cautious following the Senate’s decision to postpone debate on a crypto market structure bill.
Notable Statistics:
Coinglass data shows 93,705 traders were liquidated in the past 24 hours for $181.70 million.
In the past 24 hours, top gainers include Story, Dash and Sky.
Notable Developments:
Trader Notes: Crypto chart analyst Ali Martinez said Bitcoin appears to be in a bullish retest, consolidating just below the $100,000 mark.
He noted that holding above $94,555 is critical to preserve the bullish structure and keep the door open for a push into six-figure territory.
Crypto Tony said bulls must reclaim $95,100 to…
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Coinbase CEO Brian Armstrong has accused major U.S. banks of attempting to sabotage President Donald Trump’s pro-crypto agenda, warning that proposed changes to a Senate market structure bill could stifle innovation, ban entire categories of digital assets and strip Americans of the ability to earn yield on stablecoins.
In a wide-ranging interview with Fox Business anchor Maria Bartiromo on Mornings With Maria, Armstrong said the latest draft of legislation emerging from the Senate Banking Committee represents a “giveaway to the banks” that risks regulatory overreach and undermines recent bipartisan progress on crypto policy.
“After reviewing the Senate Banking draft…
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Binance sees Bitcoin (CRYPTO: BTC) on track to become a macro-driven financial asset, fueled by institutional adoption, regulated products, and advancing stablecoin regulation.
What Happened: In its 2025 review and 2026 forecast, Binance said 2025 was a milestone but volatile year for crypto, with total market value surpassing $4 trillion.
Price action, however, was dominated by macro uncertainty, shifting monetary policy, trade tensions, and geopolitical risks.
Bitcoin traded within a wide 75% range and ended the year down about 7.9%.
Binance noted that crypto price formation increasingly tracked traditional macro cycles rather than purely crypto-native adoption.
Institutional…
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Christopher Wood, global head of equity strategy at Jefferies, has eliminated Bitcoin from his flagship Greed & Fear model portfolio, citing concerns that developments in quantum computing could pose an existential threat to the cryptocurrency’s cryptographic foundations.
In the latest edition of the widely followed newsletter, Wood confirmed that Jefferies has removed its entire 10% Bitcoin allocation, replacing it with a split allocation of 5% to physical gold and 5% to gold-mining equities, according to Bloomberg.
The strategist said the move reflects rising uncertainty over whether Bitcoin can maintain its role as a long-term store of value in the face of accelerating…
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Members of the U.S. government have denied reports that bitcoin forfeited by Samourai Wallet developers was liquidated in violation of President Trump’s executive order mandating the retention of government-held bitcoin.
In a brief statement on X on January 16, Patrick Witt, Executive Director of the President’s Council of Advisors for Digital Assets and Deputy Director at the Department of War’s Office of Strategic Capital, said the Department of Justice (DOJ) has confirmed that the forfeited digital assets “have not been liquidated and will not be liquidated” pursuant to Executive Order 14233.
According to Witt, the bitcoin will remain on the U.S. government’s…
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Riot Platforms (NASDAQ: RIOT) has completed the purchase of 200 acres at its Rockdale, Texas, site and signed a long-term data center lease with Advanced Micro Devices, Inc. (AMD), marking the first major hyperscale tenant at the location.
The fee simple acquisition replaces Riot’s prior ground lease at Rockdale and was funded entirely through the sale of approximately 1,080 bitcoin from the company’s balance sheet, totaling $96 million.
The mining company said the purchase secures long-term operational control of the site and opens it for large-scale data center development.
The property includes a 700 MW grid interconnection, dedicated water supply, and fiber…
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Bank of America (NYSE:BAC) CEO Brian Moynihan has warned that allowing interest-bearing stablecoins could pull up to $6 trillion in deposits out of banks.
Why Banks Are Fighting Stablecoin Yields
Moynihan said on the bank’s earnings call on Wednesday that stablecoins structured like money market funds would pull deposits out of the banking system, forcing banks to rely on expensive wholesale funding instead of cheap customer deposits.
The issue is simple: if stablecoins offer 4% yield while banks pay 0.1% on savings accounts, depositors will move their money on-chain.
Banks would lose their free funding source and either cut lending or borrow from the Fed at market rates, driving up loan…
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President Donald Trump cast doubt on Kevin Hassett’s Fed Chair bid Friday, saying he may keep him in his current position.
Trump Wants Hassett At NEC, Not Fed
Trump praised Hassett’s television appearance Friday morning and said he’s concerned about losing his communication skills if Hassett moves to the Fed.
“Kevin Hassett is so good. I’m saying, ‘Wait a minute, if I move him—these Fed guys, certainly the one we have now, they don’t talk much.’ I would lose you. It’s a serious concern to me,” Trump said at the White House event.
Trump told Hassett directly: “We don’t want to lose him, Susie, but we’ll see how it all works out,” referencing White House chief of…
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