As global tensions ease, Bitcoin rises and oil prices fall: Crypto Daybook Americas

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Author: Francisco Rodrigues (All times are Eastern Time unless otherwise noted)

Bitcoin (BTC) rose nearly 2% in 24 hours, breaking through $97,000, driven by increased risk appetite among investors and successfully surpassing a resistance level held for two months.

“Bitcoin has lagged behind stocks and precious metals in gains, but it finally broke through the $95,000 level that has constrained its rise since last November,” said an analyst at QCP Capital. “As the US fiat currency potentially depreciates further, this has been pushing precious metals higher. Bitcoin, currently relatively inexpensive compared to metals, may facilitate a rotation into digital assets.”

Broader markets also gained. The CoinDesk 20 (CD20) index increased by 1% during the same period. The rebound in risk appetite is also reflected in the spot ETF market, with US Bitcoin funds seeing $843 million in net inflows yesterday, and Ethereum ETFs adding $175 million.

Despite geopolitical uncertainties, President Trump continues to push for control over Denmark’s territory Greenland, claiming it is “crucial to national security.” This has heightened tensions between the US and NATO allies.

Markets may be overlooking scenarios of NATO disintegration, while oil markets seem to show geopolitical risks are easing. After Trump’s comments, WTI crude futures fell over 4.4% to $59, signaling that “killing has stopped,” referring to protests in Iran, which complicates US considerations of military action.

However, US regulatory developments remain a headwind. The US Senate Banking Committee delayed its markup of the Crypto Market Structure Bill. Coinbase withdrew support for Wall Street bankers lobbying against crypto earnings, and the market remains cautious.

The delay caused a brief correction in the crypto market but did not break the overall upward trend. Ethereum underperformed Bitcoin, rising only 1.5%, while privacy-focused tokens performed well. During the same period, Zcash (ZEC) rose 5.1%, and Dash (DASH) increased 2.4%.

Looking ahead, the Supreme Court is expected to decide on tariffs or geopolitical escalation, which could trigger risk-off sentiment. However, the market is currently turning “greedy” for the first time in three months. Stay alert!

Key Points to Watch

For a more comprehensive list of activities this week, see CoinDesk’s “Crypto Weekly Preview.”

Cryptocurrency

January 15 (Eastern Time): Ravencoin (RVN) will undergo its second halving at block 4,200,000, reducing mining rewards to 1,250 RVN per block.

January 15: The US Senate Banking Committee will review the Digital Asset Market Transparency Act.

Macro

January 15, 8:30 AM: US Unemployment Claims. Initial claims (week ending Jan 10) (Previous: 208,000); Continuing claims (week ending Jan 3) (Previous: 1,914,000).

Earnings (based on FactSet estimates)

No scheduled earnings.

Token Events

For a more comprehensive list of activities this week, see CoinDesk’s “Crypto Weekly Preview.”

Governance Votes & Calls

CoW DAO is voting to update its 2026 grant plan, allocating 500,000 xDAI and remaining COW reserves. Voting ends on January 15.

Unlocks

January 15: Connex (CONX) will unlock 1.59% of its circulating supply, worth $21.16 million.

January 15: STRK$0.08331 will unlock 4.83% of its circulating supply, worth $10.60 million.

Token Issuances

January 15: KUBChain’s first KUB token burn takes place.

January 15: HTX DAO will conduct its planned token burn.

January 15: Mantra’s OM migration period ends, migrating to MANTRA chain.

Meetings

For a more comprehensive list of activities this week, see CoinDesk’s “Crypto Weekly Preview.”

Day 2 of 2: Web 3.0 Dubai Expo (UAE)

Market Dynamics

As of 4 PM ET Wednesday, BTC down 0.55%, at $96,711.33 (24h change: +1.98%)

Ethereum ETH$3,300.06 down 1.23%, at $3,356.79 (24h change: +1.92%)

CoinDesk 20 index down 0.97%, at 3,048.78 points (24h change: +1.04%)

Ethereum CESR staking rate up 6 basis points to 2.85%

Binance BTC funding rate at -0.0003% (annualized -0.1237%)

US Dollar Index steady at 99.14

Gold futures down 0.29%, at $4,622.20

Silver futures down 0.52%, at $90.91

Nikkei 225 closes down 0.42%, at 54,110.50 points

Hang Seng Index down 0.28%, at 26,923.62 points

FTSE up 0.55%, at 10,240.60

Europe Stoxx 50 up 0.50%, at 6,034.83 points

Dow Jones Industrial Average closed nearly flat at 49,149.63

S&P 500 closed down 0.53%, at 6,926.60

Nasdaq Composite closed down 1.00%, at 23,471.75

S&P/TSX Composite up 0.14%, at 32,916.47

S&P 40 Latin America up 1.17%, at 3,326.32

US 10-year Treasury yield up NA basis points, at 4.14%

E-mini S&P 500 futures up 0.35%, at 6,990.50

E-mini Nasdaq 100 futures up 0.74%, at 25,820.00

E-mini Dow futures up 0.11%, at 49,412.00

Bitcoin Stats

BTC dominance: 59.7% (0.17%)

Ethereum-Bitcoin ratio: 0.03471 (0.29%)

Hashrate (7-day moving average): 999 EH/s

Spot Hashprice: $41.83

Total fees: 3.07 BTC / $294,966

CME futures open interest: 123,715 BTC

Bitcoin priced in gold: 21 ounces

BTC to gold market cap ratio: 6.49%

BTC/USD on weekly chart shows strong continuation pattern, driven by bullish divergence, indicating the macro uptrend remains intact.

With the price successfully breaking above $90,000, the key focus is whether the weekly close can stay above the 50-week exponential moving average (orange line), confirming the resumption of the bull market.

Maintaining momentum above this level will pave a clear path toward the $100,000 resistance zone, marking the next major Fibonacci resistance.

Crypto Stocks

Coinbase Global (COIN): Closed at $255.86 (+1.25%), pre-market at $253.61, down 0.88%

Circle Internet Group (CRCL): Closed at $84.80 (+1.61%), down 0.68%, at $84.23

Galaxy Digital (GLXY): Closed at $28.19 (+5.11%), current price $28.24 (+0.18%)

Bullish (BLSH): Closed at $39.66 (+2.53%), down 0.40%, at $39.50

MARA Holdings (MARA): Closed at $11.11 (+1.46%), pre-market unchanged

Riot Platforms (RIOT): Closed at $17.31 (+3.34%), current price $17.39 (+0.46%)

Core Scientific (CORZ): Closed at $17.92 (-0.61%), up 0.73% to $18.05

CleanSpark (CLSK): Closed at $13.34 (+6.29%), up 0.30%, at $13.38

CoinShares Bitcoin Mining ETF (WGMI): Closed at $48.94 (+0.14%), pre-market unchanged

Crypto Custody Management

Strategy (MSTR): Closed at $179.33 (+3.66%), up 1.32%, at $181.70

Semler Scientific (SMLR): Closed at $21.37 (+5.06%)

SharpLink Gaming (SBET): Closed at $10.88 (+3.23%), current price $10.91 (+0.28%)

Upexi (UPXI): Closed at $2.46 (+6.49%)

Lite Strategy (LITS): Closed at $1.55 (+4.03%)

ETF Capital Flows

Spot Bitcoin ETF

Daily net inflow: $840.6 million

Total net inflow: $58.1 billion

Total Bitcoin holdings: approximately 1.3 million coins

Spot Ethereum ETF

Daily net inflow: $175.1 million

Total net inflow: $12.76 billion

Total Ethereum holdings: approximately 6.11 million coins