BTC hovers around $92,000 as ETH extends weekly gains.
Crypto markets were mixed on Tuesday, Jan. 6, as investors remained cautious ahead of key macroeconomic data.
Bitcoin (BTC) is trading at around $92,129, down 2.3% on the day but still up 4.4% over the past week. Ether (ETH) changes hands near $3,225, flat on the day and up 8.6% over the past seven days.
Aurelie Barthere, a Principal Research Analyst at Nansen, said if Bitcoin’s current price level holds for at least a couple of weeks on rising trading volume, “that would be a strong bullish signal.”
“I would also look for a widening BTC call-put spread, which would indicate increasing optimism among options traders and further support the case for structural strength,” Barthere added.
Among other major tokens, XRP slipped 1% on the day to $2.25, though it remains up 20% over the past week. BNB fell 0.8% to $901, while Solana (SOL) traded flat near $138, extending an 11% weekly gain.
Among notable movers, Render rose about 11% to $2.43, while Bittensor gained roughly 5.4% to trade around $282.50. Rain also moved higher, climbing 12.8% on the day.
On the downside, Midnight fell 13% to $0.076, while Canton slipped 7.5% to $0.14. Solana memecoin Bonk declined 4.5%.
The total cryptocurrency market capitalization stood at $3.25 trillion, down about 1.5% over the past 24 hours, according to CoinGecko. Trading volume over the same period reached roughly $151 billion.
Liquidations and ETF flows
More than $512 million in leveraged positions were liquidated over the past 24 hours, according to Coinglass data. Long positions accounted for roughly $284.7 million, while shorts made up about $227.4 million.
Bitcoin saw the largest share of liquidations at approximately $147.1 million, followed by Ethereum with about $126.6 million. Liquidations were also concentrated across other large-cap tokens, including Solana ($41.4 million) and XRP ($41.3 million).
In the exchange-traded fund (ETF) space, Bitcoin spot ETFs recorded $697.3 million in net inflows on Jan. 5, while Ethereum spot ETFs added $168.1 million.
Flows were also positive for newer products, with XRP spot ETFs attracting $46.1 million in daily inflows and Solana spot ETFs adding $16.2 million.
Silver Tops $80
Elsewhere, precious metals extended their rally from Monday, with gold rising 1% to trade above $4,480 per ounce, while silver jumped nearly 5% to around $80.
This comes as investors await macroeconomic data due later this week for signals on inflation and interest rates.
“Rate markets are currently pricing in nearly three 25-basis-point rate cuts for 2026, which is already a fairly dovish outlook,” said Barthere. “As a result, it would likely take a meaningful downside surprise in payrolls or an upside surprise in the unemployment rate to push risk assets, including crypto, materially higher.
Barthere added that another positive catalyst could come from a dovish signal around the appointment of the next Fed Chair, “for example, if Kevin Hassett were to be nominated.”
