Month: January 2026

Zcash (ZEC) Plunges by Double Digits, Bitcoin (BTC) Slips Below $90K: Market Watch

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PUMP is the other massive loser over the past 24 hours. Bitcoin’s rally that began with the new year has come to a halt as the asset has slipped below $90,000 once again, after it was rejected at $95,000 a few days ago. Most altcoins are deep in the red as well on a daily scale, with XRP plunging by over 6%, while ZEC has dumped by over 20% after the departure of one of the developers. BTC Struggles at $90K The primary cryptocurrency went on a solid ride…

Bitcoin Targets Futures Gaps as it Dips Under $90,000

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Bitcoin filled one of two new futures gaps with a trip below $90,000 as analysis predicted a potential bottom level for the next BTC price cycle. Bitcoin (BTC) dipped below $90,000 Thursday as market participants see a classic short-term target coming next. Key points: Bitcoin dices with the 21-day moving average trendline as it fills open gaps in CME futures markets. One gap remaining could see the price return to $88,000 next. If the market reverses higher without filling it, that $88,000 gap could mark the bottom of the next…

What’s Trapping Bitcoin (BTC) Below $100K? Analysts Break It Down

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Bitcoin trades below $100K as dealer hedging, resistance zones, and CME gaps keep price range-bound ahead of key January option expiry. Bitcoin (BTC) opened the year strong but remains locked below the $100,000 level. The current price action is caught in a narrow range, with several key levels keeping it in place. Traders are now watching for signs that the market is ready to break out. Dealer Hedging Keeps Price Contained Crypto Rover said Bitcoin is being “mechanically suppressed” by dealer hedging. In this setup, dealers are managing risk…

CZ-Backed YZi Labs Clashes with CEA Industries Over Poison Pill

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Changpeng “CZ” Zhao-backed YZi Labs has escalated its campaign against CEA Industries over a newly adopted poison pill (a defensive tactic a company’s board uses to make a hostile takeover extremely difficult or expensive), and bylaw amendments that it claims are “stockholder-unfriendly” and intended to entrench the current board.  The investment firm, backed by Binance founder CZ, outlined its objections in a Jan. 5 filing with the United States Securities and Exchange Commission (SEC) and in a parallel public statement on Jan. 7 on X. ​YZi said it is reviewing…

BitMine Buys $105M ETH to Start 2026, Holds $915M Cash

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BitMine Immersion Technologies, the largest known corporate holder of ether, resumed purchases of the cryptocurrency in the new year, signaling continued confidence in Ethereum even as some analysts expect near-term price weakness. BitMine bought $105 million worth of Ether (ETH) in its first reported acquisitions of the new year, according to a Wednesday X post from blockchain data platform Arkham. The treasury company now holds 4.07 million Ether worth $12.6 billion, representing 3.36% of the ETH supply, according to data from the StrategicEthReserve. BitMine still holds $915 million in total…

Crypto Market Structure Bill Close to Passing: Senator Lummis

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The Crypto Market Structure Bill, or CLARITY Act, is close to passing, said Senator Lummis, as others predict a huge catalyst for crypto markets.  “We’ve come so far, and we are close to a bipartisan legislation that will stand the test of time,” said Wyoming Senator Cynthia Lummis on Wednesday. She pointed out that the industry has come a long way over the past five years, highlighting the FTX collapse, the Federal Reserve hating crypto, market volatility, and the veto of SAB121 – guidance on accounting for digital assets…

India Flags Crypto Risks For Tax Enforcement

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Financial authorities in India have reiterated concerns over cryptocurrency transactions, warning they may complicate tax enforcement. India’s Income Tax Department (ITD), under the Central Board of Direct Taxes (CBDT), flagged major risks linked to crypto activity during a parliamentary standing committee on finance, The Times of India reported on Thursday. The warning came during a Wednesday parliamentary committee meeting involving multiple agencies, including the Financial Intelligence Unit (FIU), the Department of Revenue, and the CBDT, which discussed the report “A Study on Virtual Digital Assets (VDAs) and Way Forward.” The…

XRP ETFs See $40.8M Exit in First Outflow Day

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US spot XRP exchange-traded funds (ETFs) recorded their first net outflow day since launch, with about $40.8 million exiting the products on Wednesday, ending a multi-week streak of uninterrupted inflows.  SoSoValue data shows that the pullback marked the first daily reversal after XRP (XRP) ETFs had steadily accumulated assets since mid-November 2025. The outflow day also followed a strong start to the year, with the funds logging consecutive inflow days, pushing their cumulative net inflows to $1.2 billion. The red day coincided with heavy selling pressure across major crypto-linked ETFs.…

Binance launches TradFi perpetual contracts, starting with gold and silver

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Key Takeaways Binance introduces TradFi perpetual contracts for 24/7 trading. These contracts allow trading 24/7, providing exposure to traditional markets with the flexibility of crypto trading terms. Share this article Binance is expanding its futures ecosystem with the launch of TradFi Perpetual Contracts, offering seamless, 24/7 access to traditional markets through USDT-settled perpetual futures. Starting with Gold (XAUUSDT) and Silver (XAGUSDT), users can trade without expiry dates, hedge portfolios, diversify exposure, and amplify returns with leverage. These contracts operate with a robust pricing and risk management model and are traded…

Bitcoin suddenly dips under $90K, triggering over $100M in long liquidations in past hour

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Key Takeaways Bitcoin’s price fell below $90,000, leading to long liquidations exceeding $100 million within an hour. This decline in value is attributed to substantial outflows from Bitcoin investment products, with US spot Bitcoin ETFs witnessing $486 million in redemptions, marking the largest single-day outflow since late November. Share this article Bitcoin fell under $90,000 in the early hours of Thursday, triggering more than $100 million in long liquidations. At press time, the asset was hovering around $90,000, down about 3% in the last 24 hours, per CoinGecko. Source: CoinGlass…