Crypto Market News Today, January 20: Federal Reserve Injects $8.3 Billion Liquidity as Gold Records Another ATH | Bitcoin USD Next?

Ben Graham · 1 hora atrás

Something subtle but important is happening beneath the market’s surface. The latest Federal Reserve liquidity injection, totaling $8.306 billion and settling tomorrow, is coming right at a moment when investors are already nervous, defensive, and are looking for a hint or two from the market.

The anxiety can be seen in price action. A fresh Gold ATH of $4,717 per ounce is proof, while Bitcoin USD falls to the $95,000 support zone. However, when the Federal Reserve injects liquidity, and Gold keeps its ATH behavior going, Bitcoin USD is preparing for a lift-off.

Federal Reserve, Liquidity, and Pressure

The New York Fed focused this operation on Treasury bills maturing between February and May, a narrow window with its own story. By injecting liquidity directly into banks, the Federal Reserve is making sure reserves stay ample without reopening the political fight around QE. It is a perfect example of expensive housekeeping.

In total, the Federal Reserve’s monthly liquidity injections now reach $55.4 billion. This liquidity is not screaming for stimulus, but we now know what excess reserves tend to do. They leak, slowly at first, then all at once as liquidity hell breaks loose.

BREAKING: Fed will inject $55.3 BILLION into markets over the next 3 weeks.Starting TUESDAY.

That's not QE. That's not rate cuts. That's DIRECT LIQUIDITY.

$55.3B flooding into risk assets in 21 days.

And you're still wondering if it's "too late" to buy crypto?

Position.… pic.twitter.com/gg1l5ODHOe

— Gordon (@GordonGekko) January 18, 2026

When it does, Bitcoin USD usually enters the picture. Reduced funding stress lowers borrowing costs and encourages risk-taking. Even conservative funds begin reallocating when cash feels abundant. Federal Reserve liquidity has a way of forcing capital to move; it’s always the same known mechanism.

DISCOVER: 10+ Next Crypto to 100X In 2026

Gold ATH Rings Alarm Bells

The push to another Gold ATH is likely driven by central banks, tariffs, and geopolitical pressure that keeps pressuring. This year, 755 tonnes of official gold (the amount of gold expected to be purchased by central banks worldwide in 2026, forecasted by J.P. Morgan) is to be symbolic and strategic.

(source – TradingView)

But, again, as Gold is blasting ATH after ATH, the narrative coexists with Bitcoin and its strength against the USD. Gold still attracts the first wave of fear-driven capital, and Bitcoin, historically speaking, usually catches the second wave, especially once investors start thinking about mobility, seizure risk, and portability.

People have such a short memory!
If you’re scared of $GOLD going up, you don’t understand how bullish this actually is.
The higher gold goes, the more powerful the eventual Bitcoin breakout will be.

The gold trade always gets boring. When that happens, rotation begins and it… pic.twitter.com/dDX3ad4kry

— ₿εKα (@beka_web3) January 20, 2026

A Gold ATH often reflects mistrust in systems and currencies and doesn’t stop at bullion vaults. Federal Reserve liquidity only sharpens the contrast by reminding markets how quickly balance sheets can expand once again.

Will Bitcoin Follow?

Recent on-chain data doesn’t look euphoric, and that’s the point. Liquidations are muted, but DeFi value locked is rising. Bitcoin USD dominance still sits close to 60%, on firm ground. These conditions have appeared before aggressive moves. We know that when the Federal Reserve injects liquidity, volatility stays compressed, and pressure accumulates.

(source – Defillama)

Dollar weakness over the past year also adds another layer. With the greenback down double digits, Bitcoin USD absorbs some of that release valve pressure. ETFs make the process cleaner, faster, and less ideological than past cycles. The institution’s drive is here this cycle.

Gold’s 2025-2026 run is already one of its strongest in decades, the strongest since the 1970 era. But Bitcoin USD doesn’t need to outperform gold immediately. It needs time, liquidity, and a reason. Right now, the Federal Reserve is supplying two of those three, liquidity and reason. Gold had more time, something that BTC will have in decades.

Will Bitcoin bounce against USD? Has the cycle ended? Gold may be at an ATH, so is Silver, but Bitcoin is coiling.

DISCOVER:

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7 minutes ago

Tom Lee’s BitMine Causes $8Bn Ethereum Staking Traffic Jam

By Akiyama Felix

Ethereum staking system just hit a huge traffic jam thanks to the Tom Lee-backed Ethereum treasury firm, BitMine. The company has staked so much ETH over the past few weeks that more than $8Bn now sits in line to be staked.
Since the beginning of 2026, Bitmine, which trades on the New York Stock Exchange, has locked up over 1.7M ETH, totaling more than $5.56Bn at current prices.

In total, BitMine owns 4.167M ETH, worth $12.99Bn, meaning it has locked up nearly 50% of the Ethereum it currently owns, effectively taking nearly 2M ETH out of circulation, per <a class=”general-link” href=”https://intel.arkm.com/explorer/entity/bitmine” target=”_blank” rel=”noopener”>Arkham Intelligence data</a>.

ETH is currently trading around $3,150, down -2.4% on the day, as the queue has stretched past 44 days. This is a sharp shift from late 2025, when exits, not entries, caused delays. This move fits a wider trend. Big institutions want Ethereum yield, not just price exposure, and nobody is moving faster than BitMine.

Read the full story here.

The post Crypto Market News Today, January 20: Federal Reserve Injects $8.3 Billion Liquidity as Gold Records Another ATH | Bitcoin USD Next? appeared first on 99Bitcoins.