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

Ben Graham · ontem às 08:14

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)

DISCOVER: 10+ Next Crypto to 100X In 2026

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

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.

DISCOVER:

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17 minutes ago

Bitcoin Price Slips Under $92K as ETFs Bleed $500M: What Now?

By Akiyama Felix

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, is trading for around $90,700.

ETH USD 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.

Read our full coverage here.

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South Korea Stablecoin Fight Delays Rules Until 2026: US To Dominate?

By Akiyama Felix

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 Bitcoin BTC $90,625.90 0.02% Bitcoin BTC Price $90,625.90 0.02% /24h Volume in 24h $34.85B Price 7d Learn more and even the next 100X coins.

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.

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