The crypto market is up today, though barely, with the cryptocurrency market capitalisation rising by 0.6%, and currently standing at $3.2 trillion. At the time of writing, 63 of the top 100 coins have gone down over the past 24 hours. Also, the total crypto trading volume stands at $87.2 billion, quite lower than what we’ve been seeing over the past few weeks. TLDR: Crypto market cap is up 0.6% on Monday morning (UTC); 63 of the top 100 coins and 4 of the top 10 coins decreased today; BTC increased by 0.7% to $91,271, and ETH is up 1.2% to $3,128; US prosecutors launched a criminal investigation into Fed Chair Jerome Powell; Markets may ‘begin to believe that the Fed is no longer fully insulated from politics’; Bitcoin is sensitive to such institutional risk; Heightened risk aversion supports BTC’s relative downside resilience in the short term; South Korea may be ending its nine-year ban on corporate crypto investment; Coinbase said it would withdraw support for major crypto legislation if the US Senate negotiators add restrictions on stablecoin rewards; US BTC and ETH spot ETFs posted outflows of $249.99 million and $93.82 million, respectively; Investors pulled $750 million from these two ETF categories during the first full trading week of the year; Crypto market sentiment is still decreasing towards the fear zone. Crypto Winners & Losers With the beginning of the new week, at the time of writing on Monday morning, 4 of the top 10 coins per market capitalisation have seen their prices fall over the past 24 hours, while 4 have posted gains in the same timeframe (not taking the stablecoins into account). Bitcoin (BTC) has appreciated by 0.7% since this time yesterday, currently trading at $91,271. Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) increased by 1.2%, now trading at $3,128. The category’s biggest gainer is Solana (SOL) , which posted a 3.6% increase to $141. It’s followed by Lido Staked Ether (STETH) , having gone up 1.3% to the price of $3,124. On the red side, the highest drop is XRP (XRP)’s 2.1%, now trading at $2.05. Dogecoin (DOGE)’s 2% fall to $0.1368 is next, followed by Binance Coin (BNB)’s 1.2% and Tron (TRX)’s 0.2%, trading at $902 and $0.2977, respectively. When it comes to the top 100 coins per market cap, one posted a double-digit drop. Pol (POL) is down 11.3% to $0.1584. It’s followed by Provenance Blockchain (HASH) , which declined by 9.5% to the price of $0.02155. The rest of the red coins are down below 5% each. At the same time, three coins in this category recorded double-digit increases. Monero (XMR) appreciated 18.1% to $569. Canton (CC) appreciated 10.9%, currently changing hands at $0.1459. It’s followed by MYX Finance (MYX)’s 10.2% to the price of $5.51. Meanwhile, Coinbase said it would withdraw support for major crypto legislation if the US Senate negotiators add restrictions on stablecoin rewards beyond disclosure requirements. This has increased tensions ahead of the markup scheduled for 15 January. The Senate Banking Committee marks up the Market Structure bill next week, and stablecoin rewards remain under debate. Congress already settled this in GENIUS—reopening it now only creates uncertainty and risks the future of the US Dollar as commerce moves onchain. Here’s why… — Faryar Shirzad (@faryarshirzad) January 7, 2026 On the other side of the world, South Korea may be ending its nine-year ban on corporate crypto investment. It’s forming with new guidelines that will permit listed companies and professional investors to trade crypto. ‘BTC is Highly Sensitive to Institutional Risk’ Petr Kozyakov, Co-Founder and CEO at Mercuryo , commented that BTC “has surrendered early gains after breaching the $92,000 mark in Asia trading as the biggest cryptocurrency mirrors leading US tech stocks in a risk-off mode retreat.” Markets appear to be weighing growing tensions between US Federal Reserve Chairman Jerome Powell and President Donald Trump. Against this backdrop, and amid escalating geopolitical risks, traders are retreating to safe-haven assets such as gold and silver, the CEO writes. “Meanwhile, in the digital token space, the narrative of increasing inflows into privacy coins, which so defined the final months of 2025, is continuing to play out with Monero and Zcash recording gains of 16 per cent and 4 per cent, respectively,” Kozyakov concludes. Bitunix analysts noted that the U.S. federal prosecutors have launched a criminal investigation into Federal Reserve Chair Jerome Powell. From a macro perspective, they write, this is not merely an isolated legal risk. This is “a direct challenge to one of the core assumptions underpinning market pricing: the political neutrality and policy independence of the central bank.” “The key issue is not whether the prosecution ultimately succeeds, but whether markets begin to believe that the Federal Reserve is no longer fully insulated from politics. Once that belief is shaken, global asset pricing frameworks must be reassessed,” the analysts argue. Moreover, “Bitcoin is highly sensitive to such institutional risk. When confidence in dollar credibility and central bank independence is questioned, decentralized assets tend to receive narrative-driven risk premia.” They continue: “In the short term, heightened risk aversion supports BTC’s relative downside resilience; in the medium term, attention should be paid to whether U.S. equities experience a broader systemic correction; over the long term, if political interference in monetary policy becomes structural, Bitcoin’s role as a “non-sovereign risk asset” is likely to be further reinforced.” Levels & Events to Watch Next At the time of writing on Monday morning, BTC stood at $91,271. The coin traded mostly sideways for the first part of the past day. It then swiftly dropped to the intraday low of $90,244 before rising to the day’s high of $92,356. It has corrected lower again since. Over the past week, BTC traded in the $89,799 – $94,420 range. Overall, it decreased by 2.1% over this timeframe. A close above $91,520 may open doors for a move to $93,011, followed by $94,800, which would present the next upside test. A failure to hold above the $91,000 level could result in a pullback to $89,241 and $87,921. Bitcoin Price Chart. Source: TradingView Ethereum is currently changing hands at $3,128. After a side-trading period in the $3,095 and $3,104 range, it fell to the day’s low of $3,091 and then jumped to the intraday high of $3,163. However, it has pulled back again. Looking at the 1-week period, we find that ETH decreased by 1.5%. In this timeframe, it traded between $3,068 and $3,292. If ETH manages to close above $3,180, it could see a further increase to $3,250, and then potentially retest $3,300. A move beyond this level would open additional moves toward the $3,380–$3,420 zone. Yet, a drop below $3,100 may lead to a dip below $3,000 as well. Ethereum (ETH) 24h 7d 30d 1y All time Moreover, the crypto market sentiment is still decreasing, even if slightly, as we’ve seen over the weekend. The crypto fear and greed index has stood at 40 today since Saturday, compared to 41 on Friday. This means it’s still in the neutral zone, though just barely. As this metric drops, the market participants’ caution and concern rise. Most are waiting for further macroeconomic and geopolitical signals that would indicate the market direction. Source: CoinMarketCap ETFs Outflows Continue The US BTC spot exchange-traded funds (ETFs) closed the week with outflows. On Friday, these funds saw negative flows of $249.99 million . Therefore, the total net inflow pulled back to $56.4 billion. That said, only three funds posted any flows: one inflow and two outflows. Fidelity is the only one in the green, taking in $7.87 million. On the other hand, BlackRock recorded outflows of $251.97 million, while Bitwise let go of $5.89 million. Source: SoSoValue Moreover, the US ETH ETFs also posted negative flows on 9 January. The outflows for the day amounted to $93.82 million . The total net inflow now stands at $12.43 billion. Of the nine funds, two posted outflows. None saw inflows again, the same as on Thursday. BlackRock let go of $83.78 million, while Grayscale saw $10.04 million in outflows on the same day. Source: SoSoValue Meanwhile, investors pulled almost $750 million from the two largest crypto-linked ETF categories during the first full trading week of the year. Also, the BTC support level of $79,000 is also the average purchase price of the US ETFs, per CryptoQuant . Many ETF holders would be at the break-even level if BTC hits this zone. Below that level may lead to losses for institutional investors, potentially leading to sell-offs. GM CryptoQuant reports that the $79,000 level is an important support area for Bitcoin. This level coincides with the average purchase price (realized price) of investors in American Bitcoin ETFs. If the price of BTC reaches $79,000, most of the ETF holders will be at the… pic.twitter.com/N80IiO4U1H — Captain GM (@g13m) January 10, 2026 Quick FAQ Did crypto move with stocks today? The crypto market recorded an increase over the past 24 hours. Meanwhile, the US stock market closed the Friday session notably higher. By the closing time on 9 January, the S&P 500 was up 0.65%, the Nasdaq-100 increased by 1.02%, and the Dow Jones Industrial Average rose by 0.48%. They were recovering from drops seen a week earlier. Is this rally sustainable? This is hardly a rally, and many would say it’s a temporary and expected minor increase. Analysts argue that the market is consolidating, meaning that we may see prices go up and down over the next several days, but not really moving in either direction. You may also like: (LIVE) Crypto News Today: Latest Updates for January 12, 2026 Digital asset investment products recorded $454 million in net outflows last week extending a sharp reversal in investor sentiment that has largely erased gains made at the start of the year, according to CoinShares. The pullback follows a four-day streak of outflows totalling $1.3 billion which has nearly wiped out the $1.5 billion of inflows recorded during the first two trading days of 2026.The abrupt shift appears closely tied to cooling expectations of a US Federal Reserve... The post Why Is Crypto Up Today? – January 12, 2026 appeared first on Cryptonews .