Bitcoin surged over 4% above $95,000 as inflation data met expectations.
Ethereum jumped more than 7%, driven by institutional interest and bullish technical signals.
Altcoins like XRP, Solana, Cardano, and Dogecoin posted strong, broad-based gains of over 4%.
Crypto prices today showed bullish signals. Bitcoin, Ethereum, and other major cryptocurrencies traded in the green zone at press time. The rally came after favorable news from the US, including inflation data release and regulatory developments in the crypto bill. The global crypto market cap surged 4.53% to $3.25 trillion amid renewed investor optimism. Here’s what happened in the crypto market today based on CoinMarketCap data.
Bitcoin (BTC) price jumped 4.30% to trade at $95,426.52. The world's largest cryptocurrency broke key resistance levels today. Bitcoin was facing selling pressures and was trading within the range of $90,000-$92,000 since Jan 12. Bitcoin’s trading volume reached $60.5 billion in last 24 hours.
CoinSwitch Markets Desk noted, “BTC climbed back above $96,000 after US CPI data showed inflation remains stable at approximately 2.7% YoY, easing fears of further Federal Reserve rate hikes.”
CoinSwitch analysts further elaborated, “The data points to a balanced macro environment, prices are still rising, but neither accelerating nor collapsing, supporting risk assets like crypto. Gold also crossed $4,600, reflecting continued demand for hedges. As long as BTC holds above $96,000, the path remains open toward $100,000 and higher, while trading below $95,000 would signal short-term cooling.”
Ethereum (ETH) surged 7.21% to $3,342.01. Cardano (ADA) was the biggest gainer among the world’s top ten cryptocurrencies. The coin increased 9.63% to $0.4245. BNB was up 4.20% at $944.79. Meanwhile, Solana (SOL) gained 4.93% to trade at $145.49. TRON (TRX) also soared 1.80% to $0.3045.
XRP continued its recovery from a seven-day losing streak, rising 5.80% to $2.17. Dogecoin (DOGE) led the gains among major meme coins. It surged 8.38% to $0.1490. Even stablecoins like Tether (USDT) and USDC maintained their pegs, with USDT at $0.9992 and USDC at $0.9995, while
The rally in crypto prices today came after the US released December inflation figures that met market expectations. Annual inflation held steady at 2.7% year-over-year. It shows that price pressures are under control as it stays above the Federal Reserve's target.
The softer-than-feared inflation data boosted hopes that the Federal Reserve might cut interest rates later this year. Lower rates typically benefit risk assets like cryptocurrencies, as they reduce the opportunity cost of holding non-yielding assets.
"The crypto market is warming up, buckle up, BE SAFE, we're so back!" one trader wrote on social media as prices surged.
Also Read: Crypto Prices Today: Bitcoin Price Holds $91,271, Ethereum Slips to $3,109, XRP Falls to $2.04
Here are the top global headlines impacting crypto prices today:
The US Senate Banking Committee released a bipartisan 278-page draft of the Digital Asset Market Clarity (CLARITY) Act on Jan 13. The proposed legislation introduces a ‘lane system’ for classifying cryptocurrencies. It also divides oversight between the Securities and Exchange Commission (SEC) for investment-like tokens and the Commodity Futures Trading Commission (CFTC) for commodity-like digital assets.
The bill includes provisions that would treat many large coins the same as Bitcoin and Ethereum from day one. According to the draft text, if a token is the main asset of an ETF listed on a national securities exchange as of January 1, it would not need to file the same disclosures required of other tokens.
This means XRP, Solana, Litecoin, Hedera, Dogecoin, and Chainlink would get equal regulatory treatment to Bitcoin and Ethereum. Eleanor Terrett, host of Crypto in America, shared updates from Capitol Hill, "Senators now have 48 hours to make amendments to this text, so unclear if these provisions will stay the same for Thursday."
The Senate Banking Committee is set to vote on the bill on Thursday, January 15. Meanwhile, the legislative text of Senate Agriculture Committee announced will be released on January 21, with a committee markup on January 27.
Ethereum price broke above its 50-day moving average and formed a bullish head-and-shoulders pattern as the token surged 7.21% today. The hike was supported by growing institutional interest. Banking giant Standard Chartered recently dubbed 2026 the ‘year of Ethereum.’ Analyst Geoffrey Kendrick argued that ETH has found deeper relevance in this institution-led market cycle.
Kendrick pointed to Ethereum's dominant position in stablecoin issuance, real-world asset tokenization, and decentralized finance as key advantages. The bank set a mid-term Ethereum price target of $7,500 for 2026 and a long-term target of $40,000 by 2030.
XRP price broke its seven-day losing streak today. XRP-spot ETF inflows have remained robust, supporting the token's price action. Analysts now see a medium-term price target of $3 for XRP within 4-8 weeks. The longer-term target stands at $3.66 within 8-12 weeks if the US Senate passes the Crypto Market Structure Bill.
Also Read: Bitcoin News Today: BTC Gains Strategic Relevance Beyond Price During Venezuela Shock
Crypto prices today reflect growing optimism as traders position ahead of potential Federal Reserve rate cuts. Bullishness can be expected in the near term as inflation stabilizes, regulatory clarity improves, and institutional interest rises.
Key events to watch include the Senate Banking Committee vote on January 15 and ongoing developments in the CLARITY Act. A sustained move above current resistance levels could push Bitcoin toward $100,000 and Ethereum toward $4,000 in the coming weeks.
1. Why did crypto prices rise today?
The crypto price rise today can be attributed to positive data relating to inflation in the United States, which eased fears of potential aggressive rate increases by the Federal Reserve. It also led to a rise in hopes that interest rates will fall later this year; both of which generally help to support risk assets like crypto. Positive news regarding US crypto bill also added to investor confidence in cryptos.
2. How did Bitcoin and Ethereum perform?
Bitcoin was up over 4%, above $95,000 due to a high level of buying interest and volume. Ethereum outperformed bitcoin by climbing around 7%. It is supported by an increase in institutional adoption, contributing to its growing popularity worldwide and creating optimism about the real-world applications of Ethereum technology.
3. What is the CLARITY Act, and why does it matter?
The CLARITY Act is a proposed piece of legislation that would clarify what crypto is in the United States. It would designate which regulatory body (the SEC or CFTC) has oversight over the respective type of digital asset, and provide regulatory certainty to investors and institutional users. Providing clear rules has historically attracted institutional investors to the crypto market and created an environment where the market can grow for an extended period of time.
4. Which altcoins gained the most in this rally?
The largest increase during the latest rally was seen by Cardano, which gained almost 10%, and Dogecoin, which gained over 8%. XRP, Solana, and BNB also experienced a strong increase as traders appeared to react positively to regulatory advancements and growing bullishness in crypto overall.
5. Can this crypto rally continue in the coming weeks?
The current crypto rally may be sustained in the weeks to come, depending on whether inflation is maintained at a manageable level (i.e., was reported as a positive) and whether US lawmakers continue to work on establishing rules that support digital assets and crypto. This may push Bitcoin toward $100,000 and Ethereum closer to $4,000, though volatility remains.
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