Crypto market steady at $3.22 trillion as Bitcoin consolidates near $95,300

The crypto market remained steady in mid-January with total market capitalization hovering around $3.22 trillion and Bitcoin consolidated near $95,000 level. The cryptocurrency was trading at $95,041 level.

In the past 24 hours, Bitcoin and Ethereum were down by 0.64% and 0.67% respectively. Among the major altcoins, XRP, Dogecoin were down by 0.69% and 1.89% respectively in the same period whereas BNB, Solana, Tron, Cardano, and Hyperliquid went up by over 1%.

Also Read | Crypto market expects regulatory clarity and tax rationalisation from Budget 2026


Riya Sehgal, Research Analyst, Delta Exchange said BTC is consolidating near $95,300, maintaining its bullish structure above the 20-day EMA at $95,000 and a breakout above $98,000 could trigger a move toward $101K–$103K, while support lies around $93,700.

Sehgal added that on the macro front, easing inflation expectations and ongoing U.S. policy discussions are stabilizing risk appetite and with institutional participation growing and regulatory clarity improving, the outlook for Q1 2026 leans bullish.

In the past week, Bitcoin and Ethereum went up by 5% and 6.63% respectively. In the same period, the major altcoins, BNB, Solana, Tron, Cardano, and Hyperliquid were up by over 5% whereas XRP and Dogecoin were down 1.79% and 1.86% in the same period.

Nischal Shetty, Founder, WazirX said the past 24 hours have been defined less by dramatic market moves and more by signals derived from global macro economic indicators.