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Bitcoin crossed $93,000 as institutional demand and debt concerns boosted confidence.
XRP surged over 11% due to strong ETF inflows and reduced exchange supply.
Altcoins like Ethereum and Solana posted gains amid improving regulatory sentiment.
Crypto prices today (January 6, 2026) showed strong bullish momentum, with the global market cap reaching $3.21 trillion, a 24-hour increase of 1.52%. Bitcoin led the charge by crossing the $93,000 threshold. Major altcoins followed suit, going on an uptrend. TRON, however, saw minor corrections. The price rally comes amid growing institutional interest and shifting regulatory sentiment. Here’s what happened in the crypto market today based on CoinMarketCap data.
Bitcoin price climbed 1.37% to $93,971.39 at press time. The world's largest cryptocurrency broke through key resistance levels, trading near $93,800 after testing the $94,700 mark. The rally comes as concerns about the US debt reaching a record $38.6 trillion strengthen.
CoinSwitch Markets Desk noted, “BTC has sustained its momentum, climbing to $94,000 and gaining around 2.5% over the past 24 hours. Notably, crypto prices strengthened during the US trading session, a clear departure from late-2025 behaviour, when markets consistently sold off alongside US equities. However, spot trading volumes across bitcoin and altcoins have dropped to their lowest levels since November 2023, despite higher prices, pointing to limited spot participation so far. As a result, it is still early to conclude that market sentiment has structurally shifted or that fundamentals have materially improved.”
The analysts further explained, “The coming days remain critical, particularly around US geopolitical developments, which could significantly influence trader sentiment. The best-case scenario involves BTC holding the $93,000–$94,000 range and gradually testing the $95,000 resistance zone.”
Ethereum price reached $3,226.27, up by 1.85%. Solana price soared 2.29% to $138.61. XRP Price surged to $2.37, showing an 11.55% gain in 24 hours. BNB traded at $905.09, up 1.21% over the past day.
Dogecoin price reached $0.1525 with a 1.22% increase. Cardano jumped 5.63% to $0.4227. TRON traded at $0.2928, up 0.71%. At the same time, USDT and USDC, the leading stablecoins, held their pegs at $0.9995 and $0.9997, respectively, providing liquidity in the market.
Also Read: Crypto Prices Today: Bitcoin Price Above $92,000, Ethereum at $3,164, XRP Jumps 3.18%
Why is crypto market up today? Many factors contributed to the positive price action, with XRP emerging as the standout performer among major cryptocurrencies.
XRP rocketed to nearly $2.40, driven by exceptional trading volumes in spot ETFs. These products saw $48 million in inflows on Monday alone, pushing total inflows past $1 billion since their November launch. The ETFs have not recorded a single day of outflows, showing strong institutional confidence.
On-chain data reveals XRP held on exchanges has dropped to multi-year lows, indicating fewer tokens are available for selling. This supply squeeze, combined with steady demand, creates conditions where even modest buying pressure can drive significant price movements.
Apart from the world’s top 10 cryptocurrencies, crypto prices today showed volatility in smaller-cap tokens:
Top Gainers:
Lighter (LIT): $3.10, up 16.42%
Sui (SUI): $1.94, up 13.97%
Bonk (BONK): $0.00001312, up 12.05%
IOTA: $0.1145, up 11.85%
Top Losers:
MYX Finance (MYX): $5.02, down 13.96%
Midnight (NIGHT): $0.08482, down 4.47%
Story (IP): $2.10, down 4.29%
Canton (CC): $0.1403, down 3.57%
The positive trend in crypto prices today builds on improving regulatory conditions in the United States. The recent exit of SEC Commissioner Caroline Crenshaw and ongoing discussions about market structure legislation expected in January have boosted trader confidence.
XRP, which previously traded under regulatory uncertainty, has become one of the clearest beneficiaries of this changing environment. The token's breakout through resistance levels around $2.28-$2.32 triggered follow-through buying from traders who had been waiting for confirmation.
Also Read: Ethereum News Today: Vitalik Buterin Assures Ethereum Upgrades Address Blockchain Trilemma
Crypto prices today reflect growing institutional participation and improving regulatory clarity. Upcoming macro data, including employment reports, will shape near-term momentum. Bitcoin's position as a long-term hedge continues to strengthen amid debt concerns, while altcoins like XRP and Solana attract ETF-led interest. The market setup remains constructive for continued gains.
1. Why is the crypto market up today?
Today, the crypto market experienced growth due to increased institutional purchases of bitcoin through exchanges (investors view bitcoin as a hedge against uncertainty), bitcoin broke above its psychological resistance level of $93,000 and the increasing positive outlook regarding potential regulatory changes in the United States (i.e., more positive news about exchange traded funds (ETFs) and their respective potential flows of capital, especially into XRP). Additionally, concerns about rising US Government debt continue to support prices.
2. Why did Bitcoin cross above the $93,000 psychological resistance level?
Bitcoin rose above $93,000 because investors began to see it as a hedge against rising US debt and uncertainty. The continued commitment of institutional investors to holding bitcoin, in conjunction with decreasing EVK selling pressure, drove bitcoin prices higher.
3. What drove the recent spike in XRP price?
XRP price spiked dramatically on account of the influx of capital into XRP ETF products. With a large influx of capital into XRP ETFs and decreased trading balances on exchanges, XRP has a relatively limited supply. Consequently, whenever even a modest number of institutional investors begin to accumulate XRP, price increases become significant because of continued demand.
4. How was the performance of Ethereum and Solana today?
Ethereum saw an approximate 2% price rise today, largely due to increased capital flows into Ethereum ETFs and growing institutional support for Ethereum. Solana also saw an approximate 2% price increase today as its developer community and ecosystem continue to attract new users and long-term investors.
5. Is it reasonable to expect this recent run to continue?
The current environment creates a favourable outcome, but can best be described as conservative optimism. Institutional interest and clarity about US regulation support prices; however, released macroeconomic data and US FOMC policy decisions may contribute to greater short-term volatility.
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