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Bitcoin (CRYPTO: BTC) remains stuck around $90,000 level, despite global equity markets and commodities continuing their multi-month rally.
Historical Correlation Broken
The crypto market is exhibiting an extreme divergence from broader equities, most notably in Ethereum’s (CRYPTO: ETH) failure to track the Russell 2000 despite a long history of close correlation, prominent analyst Kevin noted.
Historically, the two have moved together roughly 90% of the time, particularly during risk-on environments.
A prolonged decoupling of this magnitude, especially while the Russell 2000 is in price discovery, has not been observed before.
The divergence suggests either a lagged response from crypto…
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Nasdaq has filed a rule change with the U.S. Securities and Exchange Commission seeking to remove position and exercise limits on options tied to spot Bitcoin exchange-traded funds, a move that would further integrate crypto-linked products into traditional derivatives markets.
The proposal, originally filed on Jan. 7 and made effective this week on the 21st, eliminates the current 25,000-contract cap on options linked to Bitcoin and Ethereum ETFs listed on Nasdaq.
Affected products include funds from BlackRock, Fidelity, Grayscale, Bitwise, ARK/21Shares and VanEck, according to the filing.
The SEC waived its standard 30-day waiting period, allowing the rule change to take…
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The Senate Agriculture Committee has released an updated version of its crypto market structure bill, but negotiations between Republicans and Democrats have so far failed to produce a bipartisan agreement.
Current Status: Focus On Next Tuesday
With no deal in place, the legislation currently stands as effectively Republican-led, former Fox Business reporter Eleanor Terrett stated on X on Friday.
Senator Cory Booker (D-NJ), the lead Democratic negotiator, has not endorsed the text, raising the likelihood that next Tuesday’s committee markup could proceed along party lines.
This contrasts with the House version, which advanced with broad bipartisan support.
Booker’s office said discussions…
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Epoch, a venture firm specializing in Bitcoin infrastructure, issued its second annual ecosystem report on January 21, 2026, forecasting robust growth for the asset despite a subdued 2025 performance.
The 186-page document analyzes Bitcoin’s price dynamics, adoption trends, regulatory outlook, and technological risks, positioning the cryptocurrency as a maturing monetary system. Key highlights include a prediction that Bitcoin will reach at least $150,000 USD by year-end, driven by institutional inflows and decoupling from equities. The report also anticipates the Clarity Act failing to pass, though its substance on asset taxonomy and regulatory authority may advance through SEC…
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The SEC and CFTC will hold a joint public event on January 27 to unveil their coordinated crypto oversight blueprint and end years of agency turf wars.
The Joint Event: What’s Happening
SEC Chair Paul Atkins and CFTC Chair Mike Selig will headline the rare joint event at CFTC headquarters in Washington, starting at 10 a.m. Eastern on Tuesday.
The event will be open to the public and livestreamed on the SEC website.
Atkins said the two agencies will discuss their harmonization efforts and how they’re working to deliver on Trump’s promise to make the U.S. the crypto capital of the world.
Selig said the joint event will showcase how the SEC and CFTC are working together to execute…
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Bitcoin remains below $90,000 level as liquidations stand at $207.90 million over the past 24 hours.
Bitcoin ETFs saw $32.1 million in net outflows on Thursday, while Ethereum ETFs reported $41.98 million in net outflows.
Crypto chart analyst Ali Martinez identified $87,400 as a key support level for Bitcoin within its current trading channel.
CryptosBatman said Bitcoin’s next downside target sits near $84,000, based on a 1.618 Fibonacci extension from the latest swing high to low. He added that during periods of heightened uncertainty, patience and inaction are often the most prudent strategy.
Ted Pillows noted that Ethereum has weakened after losing its uptrend support and failing to…
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Kansas has become the latest U.S. state to explore a formal role for Bitcoin and digital assets in public finance, with lawmakers introducing legislation that would create a state-managed Bitcoin and Digital Assets Reserve Fund.
The bill, introduced by State Senator Craig Bowser, proposes amending Kansas’ unclaimed property laws to explicitly recognize digital assets, including cryptocurrencies and virtual currencies, and to establish a framework for their custody, management, and potential sale.
If passed, the legislation would place oversight of the reserve with the Kansas State Treasurer.
Under the proposal, unclaimed digital assets, like Bitcoin, would be transferred…
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