Another week in crypto wrapped up with a mix of nerves and joy. Bitcoin price briefly slipped under $90,000 before it bounced to above the critical level again late last night, posting an overall gain of 2.5% this week, and Ethereum, on the other hand, managed to stay above $3,000 price range despite pressure across the market, a clean 3% gain this week.
By Friday, the dust had mostly settled. Bitcoin price bounced and steadied as Ethereum gave the market something to hold onto after a choppy few days.
(source – CoinGecko)
While crypto was moving sideways, traditional markets pushed ahead. US stocks printed fresh all-time highs this week. Silver surged to $79, and gold climbed past $4,500 since Donald Trump’s inauguration. Crypto is yet to follow the same momentum.
Last year alone, Bitcoin slid by 8% from $99,000 to $90,000, and the Ethereum price followed, dropping from $3,435 to about $3,100. Comments from US Treasury Secretary Scott Bessent calling for further rate cuts, along with jobless claims coming in slightly below expectations, helped ease some pressure late in the week.
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Bitcoin Price Action: Panic at The Crypto Disco?
Bitcoin spent much of the week filling a CME gap, with another gap at around $88,000 price level still drawing attention. Early Thursday, selling pushed Bitcoin down to around $89,200. The recovery was quick, though, with the price stabilizing at $91,000 heading into the weekend.
Open interest dipped slightly, and more than $52 million in positions were liquidated. Even so, people continue to point to long consolidation. Bitcoin price has held between $87,000 and $92,000, supported by ETF inflows near $86,500. Resistance remains heavy at $92,000 and, more importantly, the $100,000 psychological level.
(source – Coinglass)
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Ethereum Holds as Altcoins Struggle
Ethereum price does what it needed to do. Staying above $3,000. Trading around $3,100, Ethereum benefited from continued staking demand, including a major addition from Tom Lee’s Bitmine, which added over $60 million worth of ETH staking this week. Futures activity cooled slightly, but funding rates stayed positive, and long-term confidence is still intact.
BREAKING:
Tom Lee's Bitmine has staked 19,200 $ETH worth $60.85 million.
They have staked $2.62 billion in Ethereum till now. pic.twitter.com/ti3zIzVWqA
— Ash Crypto (@AshCrypto) January 8, 2026
Tom Lee's Bitmine has staked 19,200 Elsewhere, Zcash dropped 20% after its core development team resigned, highlighting how fragile some projects remain.
In past cycles, we know the sentiment and price movement looked dull before it was followed by explosive moves. If the Ethereum price can eventually clear $3,600, it may once again be the doctor for altcoin recovery.
Bitcoin remains the market’s compass. But Ethereum needs to run, so other altcoins can follow.
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The post Crypto Market News Today, January 9: Bitcoin Price Slid Under $90K Before Bouncing Back, Ethereum Holds Above $3K appeared first on 99Bitcoins.
