2026-01-16 08:25:54

Bitcoin has had quite a show this week. On Friday morning, the old bull found support around $95,000. Although there were rollercoaster swings in the past few days, the bulls are clearly not as fierce. During yesterday's US stock trading session, Bitcoin briefly surged above $97,000, but was pulled back down, eventually settling around $95,000. After the rally driven by short squeeze, selling pressure and profit-taking followed, and the 24-hour trading volume dropped by 13%.

The prevailing market sentiment is consistent: the $100,000 level may be tested, but whether it can hold is another matter. From a technical perspective, the sustainability of the breakout is questionable.

Ethereum performed slightly better, holding steady around $3,300 thanks to its "yield-driven" fundamentals. Despite market volatility, it hasn't been knocked down. In contrast, Ripple and Dogecoin fared less well, falling by 2.66% and 4.23%, respectively.

On the macro front, the trend is also shifting. Yesterday, gold and silver prices softened slightly, mainly due to easing geopolitical tensions (Iran-related), coupled with Trump stating he wouldn't move against Federal Reserve Chair Powell, which cooled safe-haven demand.

The turning point came from policy developments. On Thursday, the Senate Banking Committee temporarily shelved the critical crypto market structure bill due to opposition from some industry voices. This directly pressured Bitcoin and mainstream cryptocurrencies. Crypto-related stocks also declined. This correction not only dampened recent gains but also poured cold water on the overheated market sentiment.

BTC-0,01%

ETH-0,51%

XRP-0,33%

DOGE-1,22%

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OldLeekNewSickle

· 10h ago

The 100,000 threshold is just a gimmick; the real chips are still in the hands of the big players. Let's just wait to be cut. --- Trading volume plummeted by 13%. What does this mean? Those chasing the high are all trapped now. It all depends on who stops loss first. --- Once the policy is put on hold, the coin price drops sharply. As always—policy is the biggest market mover. --- Ethereum's resilience is due to the yield support, but this is only a temporary survival. --- Every time, they say they want to test 100,000, and every time, it gets pushed back. Isn't this the classic method of a pump-and-dump scheme? --- Easing geopolitical tensions actually triggers safe-haven capital outflows, which I really can't understand. --- Looking at this correction, the overheated sentiment has been cooled down, which just shows how虚假的 the previous rise was. --- The rise driven by short squeeze liquidations—just listen, the real bagholders are still retail investors. --- Dogecoin dropped 4.23%. People are still buying the dip on this trash coin—truly dedicated bagholders. --- The Senate has shelved the bill. This gives us time to wake up—stop chasing the highs.

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ValidatorViking

· 15h ago

btc testing 95k support but volume's drying up... that 100k breakout looking shakier by the hour ngl. policy headwinds always hit harder than technicals ever could

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ProofOfNothing

· 15h ago

The 100,000 threshold is just a paper tiger; once policies are implemented, it will wither away. This time, it's really going to be difficult to surpass.

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GhostWalletSleuth

· 15h ago

100,000 really is this hard, feels like the bulls are exhausted --- ETH is really stable, returns are indeed the guiding principle --- Once again, policies are disrupting the market. When will it finally settle down? --- Liquidation pushes prices up, then profits are taken. The life of retail investors --- What does a 13% drop in trading volume mean? Everyone is just waiting --- XRP and Dogecoin are both trailing behind, a bit unfortunate --- Promised not to move, but Powell's market still fell. LOL --- This correction is incredible. Just after a rise, it was cooled down

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probably_nothing_anon

· 15h ago

Is it really that hard to break through 100,000 yuan? Feeling a bit timid... --- ETH is holding tightly at 3300, which is quite interesting --- Whenever policies cause trouble, the coin price gets hit hard. When will this situation turn around? --- Profit-taking again, selling pressure as well, trading volume has dropped by 13%... It feels like the bulls' momentum is really weakening --- Ripple, Dogecoin, and others are falling separately, while ETH remains as steady as a rock. That contrast is a bit heart-wrenching

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GateUser-0717ab66

· 15h ago

It's so hard to reach the 100,000 mark, feels like we're about to retrace again. That move by the Senate was really powerful; I thought policy might loosen up. Ethereum is holding up well against the dip; this is the real "profit bearer." Dogecoin has dropped again, really vulnerable. Trading volume dropped 13%, the bulls are really losing momentum. Holding the 95,000 level is already good; don't think about 100,000. Ethereum remains steady, but BTC's recent move feels a bit weak.

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bridge_anxiety

· 15h ago

100,000 threshold is just a paper tiger; the current hype can't hold up at all. --- Once again, policies are causing trouble; these people really know how to pick the timing. --- ETH can still hold, but other coins are just ridiculous... XRP's drop is a bit painful. --- What does a 13% drop in trading volume indicate? The market lacks consensus. --- Even if Trump doesn't move and Powell stays put, it won't save the market trend. --- The moment 97,000 was knocked down, I knew this rally was over. --- Who is actually buying at 95,000? I'm a bit hesitant. --- Is profit-driven the only way for ETH to survive... this logic is a bit exhausting. --- The bill being shelved directly killed the upward momentum; I'm truly convinced. --- I've ridden the roller coaster so much I'm sick of it, and now they want to test 100,000? Tiring.

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