Bitcoin slips to nearly $95,000 as Senate delay and risk-off moves weigh on crypto

2026-01-16 06:25:07

Source: CryptoNewsNet Original Title: Bitcoin slips to nearly $95,000 as Senate delay and risk-off moves weigh on crypto Original Link: Bitcoin and other major cryptocurrencies dipped on Thursday after a key crypto market structure bill stalled in the U.S. Senate, further cooling sentiment after a recent rally.

Bitcoin pulled back to almost $95,000 after rising to a two-month high near $97,000, with trading volume down 13% over the past 24 hours. Ether remained range-bound around $3,300, while XRP and dogecoin fell 2.66% and 4.23%, respectively.

The pullback followed news that the Senate Banking Committee postponed markup on the market structure bill after opposition from parts of the industry. Shares of crypto-linked firms also fell, with Strategy and certain major platforms closing down 4.7% and 6.5%.

More than $320 million was liquidated from crypto markets over the past day, according to Coinglass, with long positions accounting for about 81% of the total. Bitcoin’s open interest fell 2.31%, though more than half of traders with open BTC positions remained long.

BTC-1,2%

XRP-2,17%

DOGE-4,04%

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