Top Crypto Market News on January 7, 2026
The crypto market is experiencing a mild pullback today after a strong start to 2026, with Bitcoin trading around $92,500–$93,000 (down slightly from recent highs near $94,000). The total market cap remains above $3 trillion, supported by institutional inflows and bullish sentiment.
Key Highlights:
Market Performance: Bitcoin is holding steady near $92,500–$93,700, up over 7% since January 1 despite today's minor dip. Ethereum is above $3,200, XRP around $2.25–$2.40 (leading gains earlier in the week), and Solana near $138–$139. Sectors like DePIN and AI are outperforming amid broader caution (Fear & Greed Index at 41).
Institutional Moves: Morgan Stanley filed for spot Bitcoin and Solana ETFs on January 6, marking a major push by a big U.S. bank into crypto products. This adds legitimacy and could attract more traditional capital.
Bullish Predictions: Fundstrat's Tom Lee reiterated that Bitcoin hasn't peaked and could hit a new all-time high (above $126,000) by the end of January 2026, citing a potential breakout amid volatility.
ETF Inflows & Whale Activity: U.S. spot Bitcoin ETFs saw strong inflows recently (e.g., nearly $700 million on January 6), with BlackRock alone buying hundreds of millions in BTC and ETH. Traders are heavily betting on BTC reaching $100,000+ via options on platforms like Deribit.
Other Notes: Token unlocks worth over $657 million (led by Hyperliquid, Ethena, and Aptos) occurred early in the week, potentially adding supply pressure. Geopolitical factors, like Venezuela-related chatter, have influenced safe-haven bids.
Overall, sentiment remains constructive for 2026, driven by ETF demand, regulatory progress, and new-year allocations—though short-term volatility persists.
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