Crypto Market News Today, January 9: Bitcoin Price Slid Under $90K Before Bouncing Back, Ethereum Holds Above $3K

A time like this in 2025, everyone thought the Bitcoin price would reach $1M. Donald Trump was nearly two months into office, planning nice goodies for the industry.

And indeed, Bitcoin rallied, pushing to $110,000 before flushing out the usual 1000X leverage traders. Since then, the BTC USDT price has been dancing between the $80,000 level on the lower end and, when times are favorable, above $110,000.

At the moment, any push above $95,000 seems like a gift. If it does, the resulting momentum could easily propel the BTC USD price well above the psychological $100,000 mark. Considering the positive correlation between BTC and some of the best Solana meme coins, expect some quality tokens to soar in the process.

This is what some analysts expect to happen in the next few weeks, if not days.

Bitcoin is presently hovering near the $90,000 level, down -30% from October highs.

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Ethereum
ETH

$3,122.42


0.64%

Ethereum
ETH


Price

$3,122.42

0.64% /24h





Volume in 24h

$7.49B
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tried to push above $3,300 this week and failed. The rejection triggered a pullback toward $3,120 as short-term traders locked in profits. This move lands in a market where ETH still rides strong ETF demand and growing institutional interest. Eyes are on the $3,000 level and whether Ethereum price can hold above it.

BREAKING:

BITMINE HAS STAKED 19,200 $ETH WORTH AROUND $61M

BULLISH FOR ETHEREUM pic.twitter.com/StJhUYjZ8E

— BLADE (@BladeDefi) January 8, 2026

ETH is trading around $3,150, down approximately 5% from its recent peak near $3,306 on January 6. This pullback follows a 24-hour trading volume of $23.6 billion on that day, marking one of the highest volume periods recently and signalling sustained market participation despite the dip. Price action like this often appears after fast rallies, especially when Bitcoin also cools off.

The question is now if Ethereum will hold the $3000 level or if we will see more selling pressure for this end of the week?

Read the full story here.

XRP price has slipped below $2.10 after a wave of futures liquidations wiped out traders betting on both sides. The token has declined -2.3% over the past 24 hours but has risen +1% over the past few hours, after falling from $2.17 as forced selling drained momentum.

This move aligns with a familiar pattern that emerged in early 2026, in which leverage, rather than long-term adoption news, drives short-term XRP

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price swings.

Ripple Labs’ native token started 2026 strongly, climbing approximately +35% from December 31 to $2.40 by January 6, but a broader market pullback has seen XRP struggle to maintain that momentum in the first few days of the new year.

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India’s tax authorities have cautioned lawmakers that rising crypto adoption is complicating tax enforcement rather than improving transparency. This is not new: authorities are still trying to figure out how to efficiently track crypto wallets and transactions, but the nature of crypto makes this task particularly difficult. Yes, crypto is making tax collection harder and not only in India.

https://twitter.com/cryptooindia/status/2009123860428538164?s=61

Crypto trading activity in India has remained restrained as tax and regulatory pressure continue to shape market behaviour. The situation reflects a broader international trend in which governments allow crypto activity but insist on stronger oversight and compliance.

The comments were made by India’s Income Tax Department during a parliamentary finance discussion, where officials outlined the structural challenges of monitoring crypto transactions. Private wallets, offshore exchanges, and decentralised finance platforms were cited as areas where traditional reporting mechanisms provide limited visibility.

India already enforces one of the most stringent crypto tax frameworks globally.

Read the full story here.

The famous Bitcoin four-year cycle is losing its grip, according to several market analysts tracking the latest post-halving data. BTC USD failed to deliver its usual explosive rally, rising about +43% after the 2024 halving, while price momentum faded into late 2025 as its key $100k level was lost.

That underwhelming move fits into a broader paradigm shift:

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now trades less like a volatile startup and more like a macro asset tied to global money flows. For everyday investors, this matters because the old playbook, buy after the halving, sell at the peak, is seemingly no longer a viable strategy.

Governments, trillion-dollar asset managers, ETFs, and global economic shocks now steer the market. Timing matters less. Risk management matters more. This change arrives as U.S. spot Bitcoin ETFs absorb supply and macroeconomic headlines swing prices within hours. Bitcoin still moves fast. But it now reacts to the same forces that move stocks, bonds, and currencies.

Read the full story here.

Before crypto became a thing, Wyoming was better known for its miners, cowboys, and ranching. Then Bitcoin, meme coins, and Ethereum exploded. Now, instead of fighting tech like New York, they opened their arms wide for crypto.

Fast-forward, and in 2025, especially after President Donald Trump took over, Wyoming showed all other states how

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Bitcoin
BTC

$90,455.35


0.27%

Bitcoin
BTC


Price

$90,455.35

0.27% /24h





Volume in 24h

$14.54B
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and crypto laws should be drafted. Wyoming was the first to build a comprehensive legal “bridge” between traditional law and digital assets. Rather than operating in a legal gray area, crypto companies in Wyoming have specific statutes that protect them.

After the idea was first floated in 2023, the crypto cowboy stated opened public access to Frontier Stable Token (FRNT), the first stablecoin issued by a US state.

I'm pleased to announce the official launch of the Frontier Stable Token (FRNT$) this morning. pic.twitter.com/ruc7enIt0h

— Governor Mark Gordon (@GovernorGordon) January 7, 2026

The interoperable token launched quietly, but it enters a stablecoin market already above $312bn, where trust and transparency drive adoption.

(Source: Coingecko)

Read the full story here.

Major financial institutions, including JPMorgan and Visa, are increasingly turning to

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Solana
SOL

$139.46


0.83%

Solana
SOL


Price

$139.46

0.83% /24h





Volume in 24h

$2.51B
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for real-world money settlements. In December 2025, Visa launched its USDC settlement program in the United States, enabling U.S. banks to settle obligations using Circle’s USDC stablecoin directly on the Solana blockchain. Early participants such as Cross River Bank and Lead Bank helped the program reach more than $3.5 billion in annualized settlement volume by late 2025, with Visa planning a wider rollout to additional U.S. partners throughout 2026.

Around the same time, JPMorgan arranged a $50 million U.S. commercial paper issuance for Galaxy Digital on Solana. This short-term debt was purchased by investors including Coinbase and Franklin Templeton, with settlement handled in USDC directly on the public blockchain.

Stablecoin supply on Solana has grown significantly, reaching approximately $15 billion. These moves reflect a larger pattern in traditional finance: institutions are shifting settlement and tokenised asset operations from private or permission-end systems to high-performance public blockchains like Solana, prioritizing speed, low costs, and 24/7 availability.

(Source: DefilLama)

Read the original coverage here.

Bitcoin briefly dropped under $90,000 yesterday (January 8) as the early‑January bounce lost steam. BTC slid about 2% on the day but is already back in the green, up +0.4% overnight and reclaiming $90,000. At the time of writing,

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is trading for around $90,700.

ETH USD

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is down nearly -1% over the past 24 hours, with around $ 150Bn wiped off the combined crypto market cap since January 1, a harsh reminder that crypto rallies rarely move in straight lines. The pullback came just as US spot Bitcoin ETFs shed nearly $500M, with macro bets on Federal Reserve rate cuts still driving the narrative.

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The US didn’t just validate crypto; it allowed the big boys to place big bets on the industry. Spot Bitcoin and Ethereum ETFs were gamechangers. The GENIUS Act came, and now, everyone is watching closely. Among them is South Korea.

If you remember well, South Korea banned crypto ICOs back in the day and took a more restrictive approach to holding some of the best cryptos to buy. Licensing for operators is mandatory. It has been good for holders, but proper legislation on stablecoins is the next big step. For beginners, stablecoins are designed to track prthe ices of real-world assets. Common and liquid stablecoins like USDT and USDC track the greenback, allowing everyone to get exposure in

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Bitcoin
BTC

$90,455.35


0.27%

Bitcoin
BTC


Price

$90,455.35

0.27% /24h





Volume in 24h

$14.54B
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Price 7d

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and even the next 100X coins.

Market Cap

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Unfortunately, it has been revealed that South Korea has hit pause on its next big crypto law after regulators failed to agree on who should issue won-backed stablecoins.  The stalemate comes as stablecoin trading in Korea keeps growing, with local users moving tens of billions of dollars through crypto rails each year.

Read the full story here.