Bitcoin Back Above $90,000 As Ethereum, XRP, Dogecoin Trade Sideways

Bitcoin is back above $90,000 on Thursday afternoon as crypto markets look to digest their early-year gains.

Notable Statistics:

Coinglass data shows 132,723 traders were liquidated in the past 24 hours for $455.54 million.       

In the past 24 hours, top gainers include JasmyCoin, Bittensor and Lighter.

Notable Developments:

Trader Notes: Michael van de Poppe said Bitcoin is showing a constructive bounce, holding its 21-day moving average, forming a higher low, and attracting steady buying. If daily closes hold, a retest of $94,000 is likely, with a breakout potentially opening the door to $100,000.

Daan Crypto Trades noted that early-year Bitcoin price action is typically…

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Bitcoin Could Hit $2.9 Million By 2050, New Report Says

VanEck released a new report on Bitcoin’s long-term capital market assumptions today, projecting strong growth over the next several decades and outlining how institutional investors might use the asset in diversified portfolios.

The report, authored by VanEck’s Head of Digital Assets Research Matthew Sigel and Senior Analyst Patrick Bush, models BTC reaching $2.9 million per coin by 2050 under a base-case scenario. 

This represents a 15% compound annual growth rate (CAGR) from today’s prices. The model assumes BTC captures 5–10% of global trade and becomes a reserve asset making up 2.5% of central bank balance sheets.

Bitcoin at $53.4 million per coin in…

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2026 Could Be Make-or-Break Year For Crypto: Report

The U.S. is entering what may be the most favorable policy environment for crypto since the industry emerged, as President Donald Trump’s second term accelerates deregulation across financial markets and pulls digital assets closer to the center of the U.S. financial system, according to a new outlook from TD Cowen’s Washington Research Group.

The report, shared with Bitcoin Magazine, characterizes 2026 as a rare convergence of aligned regulators, political will, and market momentum, creating a short window in which crypto firms could secure lasting policy gains. 

Those gains, however, are not guaranteed to endure. TD Cowen repeatedly warned in its report that many…

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Could A Supreme Court Ruling Against Trump Crash Bitcoin?

Bitcoin is trading near $90,000, extending a fall-off after spending several days above $92,000. The crypto now faces a fresh macro test as markets brace for a U.S. Supreme Court decision that could land Friday on the legality of President Donald Trump’s global tariffs.

The case centers on tariffs imposed in early 2025 under the International Emergency Economic Powers Act, a 1977 statute typically used for sanctions during national emergencies. 

Trump used the law to justify “Liberation Day” tariffs ranging from 10% to 50% on global imports, alongside targeted duties on China, Canada, and Mexico tied to fentanyl trafficking concerns. 

His administration argued that…

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Bitcoin Could Drop To $50,000 In 2026 If Equity Markets Stay Volatile, Bloomberg Strategist Warns

Bitcoin (CRYPTO: BTC) is struggling around $90,000 support as Bloomberg Intelligence strategist Mike McGlone warns BTC could revisit $50,000 in 2026 if equity market volatility picks up.

McGlone Links Bitcoin Risk To Gold’s Historic Surge

McGlone’s thesis centers on an unusual pattern: gold rallied faster in 2025 than any year since 1979, yet stock market volatility stayed extremely low during that same period. Historically, these conditions don’t last.

When gold surges while volatility remains suppressed, it typically signals that turbulence is coming. 

McGlone argues that if volatility returns to equity markets in 2026, Bitcoin will get hit alongside stocks because it trades like a…

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ZEC Crashes 16%: What Happened To The ‘XRP Killer’?

Zcash (CRYPTO: ZEC) crashed 16% to $394 after the entire Electric Coin Company development team resigned on Wednesday.

What Happened Between ECC And Bootstrap

CEO Josh Swihart announced the mass resignation on X, stating the team was constructively discharged after Bootstrap changed employment terms in ways that prevented them from performing their duties effectively.

Swihart named four Bootstrap board members—Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai—as being misaligned with Zcash’s mission. 

The team is forming a new company to continue development work on privacy-focused payments.

Bootstrap countered that the dispute centers on legal compliance, not mission…

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Florida Lawmakers Want To Create A Bitcoin Reserve In 2026

Florida lawmakers have revived a push to put bitcoin on the state’s balance sheet, filing new legislation for the 2026 session that would create a state-run cryptocurrency reserve after a similar effort stalled last year.

House Bill 1039, filed Jan. 7 by Republican Rep. John Snyder, would establish a Strategic Cryptocurrency Reserve Fund that sits outside Florida’s main treasury. 

The proposal authorizes the state’s chief financial officer to invest public funds in digital assets under a set of guardrails that include audits, reporting requirements, and advisory oversight.

The bill marks a reset rather than a clean break. Florida lawmakers floated broader crypto…

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Kalshi CEO Backs US Bill To Ban Insider Trading On Prediction Markets: ‘We Already Implement It’

The chief executive of prediction market exchange Kalshi has publicly endorsed new U.S. legislation that would prohibit insider trading on political and policy-based prediction markets.

Tarek Mansour, CEO of Kalshi, voiced his support for the Public Integrity in Financial Prediction Markets Act of 2026, proposed earlier this week by U.S. Representative Ritchie Torres (D-NY), in a LinkedIn post on Wednesday.

Drawing A Line Between Regulated And Offshore Markets

Mansour emphasized that Kalshi already enforces strict rules against insider trading, similar to those used by traditional financial exchanges.

“Kalshi is supportive of the bill Ritchie Torres is looking to introduce to affirm the…

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XRP Crashes 15% In 2 Days As ETF Outflows Hit $41M: Is The Rally Over?

U.S. spot XRP (CRYPTO: XRP) ETFs reported their first net outflows on Wednesday, ending a 36-day streak as $40.8 million exited, led by $47.25 million leaving the 21Shares XRP ETF (CBOE: TOXR).

First Red Day Since November Launch

The outflows mark a notable shift after XRP ETFs accumulated $1.25 billion in total net inflows since the Canary XRP ETF (NASDAQ:XRPC) launched on Nov. 13, 2025.

The $40.8 million outflow represents approximately 3% of cumulative inflows since launch.

21Shares’ TOXR saw $47.25 million move out, while funds from Canary, Bitwise, and Grayscale saw comparatively small net inflows of around $2 million each, partially offsetting the exodus.

Rachael Lucas, BTC Markets…

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