The cryptocurrency market traded under pressure on January 13, 2026, with most major digital assets posting losses. Investors turned cautious amid fresh uncertainty around US crypto regulation and ahead of key inflation data, pushing risk appetite lower across the board. According to CoinMarketCap data, Bitcoin and Ethereum both slipped, while altcoins saw sharper declines.
TRON emerged as the only gainer among the top 10 cryptocurrencies, defying the broader downtrend.
Bitcoin price today holds above $90,000
Bitcoin continued to show relative resilience despite a 0.83% decline over the past 24 hours. The world’s largest cryptocurrency traded at $91,271.06, maintaining its position above the critical $90,000 psychological level. Bitcoin’s market capitalization stood at $1.82 trillion, with 24-hour trading volume at $34.69 billion.
According to CoinSwitch Markets Desk, Bitcoin briefly climbed above $92,000 before retreating. Analysts linked the pullback to rising geopolitical tensions after former US President Donald Trump announced a 25% tariff on countries trading with Iran. This development boosted traditional safe-haven assets, with gold surging past $4,500 and silver also posting strong gains.
The firm noted that Bitcoin ETFs recorded more than $650 million in net outflows over the past week, erasing much of the optimism seen earlier this year. From a technical standpoint, analysts say a breakout above $92,500 could restore upside momentum, while a drop below $90,200 may expose Bitcoin to further downside risk.
Ethereum, Solana, and XRP extend losses
Ethereum price fell 1.47% to $3,109.92, underperforming Bitcoin as investors trimmed exposure to higher-risk assets. Solana recorded the steepest decline among the top 10 cryptocurrencies, dropping 3.06% to $138.34.
Cardano slipped 3.02%, while Dogecoin declined 2.34%. BNB showed relative strength, edging down just 0.15% to trade near $905.90.
XRP continued its losing streak, falling 1.97% to $2.04. The token is now down nearly 14% over the past 7 days, as regulatory uncertainty in the US weighs heavily on sentiment. Stablecoins, including USDT and USDC, remained stable and held their dollar pegs.
TRON stood out as the exception, rising 0.16% to $0.2993 and offering a rare pocket of strength in an otherwise weak market.
US Senate delay weighs on the Crypto market
Regulatory developments in Washington emerged as the main driver behind today’s market weakness. The US Senate Agriculture Committee announced a delay in the markup of the Crypto Market Structure Bill, initially scheduled for January 15. The committee has now pushed the process to the final week of January, citing the need for additional time to finalize details and build bipartisan support.
This delay hit XRP particularly hard. The token had surged to $2.4151 on January 6 amid optimism surrounding the bill’s progress. Following the announcement, XRP reversed sharply, highlighting how sensitive crypto prices remain to legislative signals.
The Senate Banking Committee is still expected to hold its markup hearing on January 15. A partial draft of the 272-page bill obtained by CoinDesk outlines proposed oversight for DeFi platforms and protections for developers, though industry participants say these safeguards appear weaker than earlier versions. The draft also avoids addressing whether stablecoins can offer rewards or yield.
Several Democratic senators criticized the timeline, noting that lawmakers would have less than 48 hours to review the text and under 24 hours to prepare amendments. Senator Jack Reed described the bill as the most significant legislation the committee has considered in decades.
World Liberty Financial expands DeFi ecosystem
Adding to today’s crypto news, World Liberty Financial announced the launch of World Liberty Markets, a new lending and borrowing platform built on Dolomite’s infrastructure. The Trump-affiliated project allows users to earn yield by supplying assets or borrow against their holdings.
At launch, the platform supports USD1, WLFI, ETH, cbBTC, USDC, and USDT. World Liberty Financial is positioning its USD1 stablecoin as a central asset, enabling users to generate yield or use it as collateral.
The move reflects the growing convergence between crypto and traditional finance. World Liberty Financial has also applied for a national trust bank charter, which would place its operations under federal oversight.
Why is the Crypto market down today?
Beyond regulatory uncertainty, macroeconomic factors are also influencing crypto prices today. Investors are awaiting the latest US CPI inflation data, which could shape expectations around Federal Reserve interest rate cuts.
Global markets are also watching the Bank of Japan closely. Any signal of multiple rate hikes or a higher neutral rate could trigger an unwind of yen carry trades, putting pressure on risk assets, including cryptocurrencies.
ETF flows remain another critical factor. While strong inflows have supported crypto prices in recent weeks, sustained outflows could amplify selling pressure in the near term.
What does this mean for the Crypto market
Despite today’s pullback, analysts remain cautiously optimistic about the medium-term outlook. Bitcoin’s ability to hold above $90,000 continues to provide a strong foundation. If regulatory clarity improves, XRP could rebound toward $3.00 over the next 4–8 weeks.
However, further delays in US legislation or unfavorable macroeconomic data could lead to additional volatility. For now, traders remain focused on inflation data, Senate developments, and ETF flows to gauge the market’s next move.
Disclaimer – The information provided in this article is solely for educational and informative purposes. The contents of this article should not be considered as financial or investment advice. Cryptocurrency markets are highly volatile, with prices that can fluctuate rapidly. Always do your independent research and consult with a qualified financial advisor before making any investment decisions. Neither the author nor the publisher accepts any liability for potential losses and/or damages arising from using this information.