Crypto prices today: Bitcoin tests $92,000 resistance, Ethereum up 2%

Bitcoin was trading just above $92,008 at around 9.10 am today, January 12, representing a gain of 1.57% from the previous day and 1.02% decline in a week. The world’s largest cryptocurrency dipped to a low of $90,239 and peaked at $92,340 in the morning session.

“Bitcoin continues to trade range-bound between $89,200 and $92,000 as investors remain cautious amid rising geopolitical tensions. With BTC currently testing resistance near $92,000, a daily close above this level would strengthen the bullish case. On the downside, the $89,500 zone continues to act as a key support level,” said Akshat Siddhant, Lead Quant Analyst, Mudrex.

Other crypto tokens, too, were volatile. ETH was up 2.07%, ADA 2.61%, SOL 5.07%,  Tether 0.01%, while XRP was down 0.03%, in the past 24 hours.

As per Riya Sehgal, Research Analyst, Delta Exchange, the crypto market opened the week on a positive note, with Bitcoin and Ethereum leading modest gains. Ethereum added over 2% to trade around $3,150, while the broader market followed suit, with Solana (+5.4%), Cardano (+3%).

Check out the cryptocurrency prices on January 12 as of 9.10 am

Why is Bitcoin up? 

“Over the past few weeks, BTC has remained range-bound within $86K–$94K, a structure that closely resembles its March–May 2025 consolidation phase, which later resulted in a strong breakout. Historically, a similar setup resolved bullishly once resistance was breached, with BTC gaining roughly 46% after breaking $86K and eventually peaking near $126K. This week brings several key macro triggers, including CPI and PPI, which markets will closely watch as they could be crucial in shaping near-term risk sentiment,” said CoinSwitch Markets Desk

What’s happening in the crypto market?

Avinash Shekhar, Co-Founder & CEO, Pi42. suggests that investors should focus on disciplined allocation by identifying and holding around foundational support zones, consider layering into positions on constructive technical set-ups, and maintain exposure to assets showing genuine adoption and capital commitment rather than speculative moves. A clear strategy with defined entry and exit thresholds will help capitalise on opportunities as market structures evolve.

Here’s a rundown on what’s happening in the crypto market, according to WazirX founder Nischal Shetty:

• The global economy is showing slower growth expectations, with a major UN report projecting that world economic growth will slip to 2.7% in 2026, down from roughly 2.8% in 2025, before a mild rebound in 2027. This signals caution across markets as investors weigh growth versus risk. 
• Price movement and profit taking should be approached cautiously, as sudden risk-off movements accompany ongoing geopolitical tensions. Bitcoin and Ethereum often work as anchors for investors in this case, but it’s important to be careful not go all in and remain careful of the macro market movements. 
• At the same time, some forecasts expect the Fed’s interest rate cuts later this year, and inflation remains above targets in key economies, clouding the outlook for easy money. However, a weakening dollar could also impact trading ranges, making them more compact due to less selling action but cautious capital deployment at the buyer’s side. 
• However, analysts predict modest exposure at the institutional level with ETF inflows pulling back and even some small sell-offs, which might trigger a negative market sentiment. Slower macro growth and uncertain interest rate direction naturally tighten risk appetite in the short run. Currently, there aren’t enough conditions for ETFs to indicate a rise in capital allocation in crypto besides a weakening dollar. 
• Macro caution remains, but volatility with aggressive sell offs are less apparent, which indicates that digital assets are maturing and slowly integrating into longer-term capital frameworks.