Why Crypto Market Is Going Up Today [Live] Updates, Reasons & Price Action

XRP has reached its triple-tap target at range highs, setting up a key inflection point. Two scenarios are now in focus: a relief bounce followed by a pullback below $1.77 within the local downtrend, or the formation of a strong demand base with $1.77 holding as support. Given the broader market context and Bitcoin’s strength, the bias leans toward the second outcome, with dips likely to be bought and upside targets remaining in play above current levels.

Bitcoin surged past the $94K target, triggering billions in short liquidations. While momentum could extend toward $98K–$100K, the broader setup still points to a potential bull trap later this year. Ethereum followed BTC higher, with $3,435 remaining the short-term target, while ETH/BTC tests key resistance. Falling stablecoin dominance and flat BTC dominance signal strength shifting toward altcoins, with multiple tokens flashing bullish breakout and reversal signals across key timeframes.

Ethereum’s Short-Term Holder (STH) Realised Price Drawdown is flashing a notable signal. The metric tracks how far ETH’s spot price trades below the average on-chain cost basis of holders with coins aged under 155 days. Historically, accumulation during the red-to-orange zones has offered strong risk-adjusted entries, as short-term holders face losses and selling pressure peaks. With ETH now firmly in the orange zone, downside pressure remains, but the long-term risk-reward is beginning to tilt back toward accumulation.

Bitcoin’s role in corporate treasuries is accelerating. Vivek Ramaswamy-backed Strive has announced a $1.3 billion all-stock acquisition of Semler Scientific, creating a combined entity holding 12,798 BTC, valued at around $1.18 billion. This moves the firm ahead of Tesla as the 11th-largest corporate Bitcoin holder globally. Strive plans to monetize Semler’s healthcare business, reduce legacy debt, and boost Bitcoin-linked yields, highlighting growing corporate confidence in BTC as a treasury asset.

Bitcoin has pushed above the key $94K resistance, marking its first strong attempt to reclaim this level. While the move is significant, acceptance above $94K is now crucial, as a brief breakout alone isn’t enough. A sustained hold would reduce downside risk near $89K and shift market focus higher, making a move toward $100K more realistic. However, failure to hold above $94K could signal continued range-bound price action and the need for patience.

Bitcoin is consolidating bullishly after a strong impulsive breakout, signaling potential continuation. On the 1-hour chart, BTC/USDT remains above the 7, 25, and 99 EMAs, maintaining a solid bullish structure. The pullback from $96.5K appears corrective, forming a tight bull flag above prior resistance turned support. A long setup is seen between $94,800–$95,200, with targets at $96,500, $97,800, and $99,200. Bullish momentum remains intact above the $94K demand zone.

U.S. spot Bitcoin ETFs recorded strong inflows on Jan. 13 (ET), pulling in a combined $754 million, according to SoSoValue. Fidelity’s FBTC led the surge with the highest single-day inflow of $351 million. Spot Ethereum ETFs also saw healthy demand, posting $130 million in net inflows. Meanwhile, Solana spot ETFs attracted $5.91 million, while XRP spot ETFs logged $12.98 million, signaling broad-based institutional interest across major crypto assets.