Bitcoin’s Bullish Trajectory: Breaking $90K Signals Sustained Crypto Momentum

On January 29, 2026, the cryptocurrency market is witnessing a powerful resurgence, with Bitcoin leading the charge by decisively reclaiming the $90,000 psychological threshold and pushing past $91,333. This rally is not occurring in isolation; it represents a broad-based market advance where altcoins are significantly outperforming, posting gains exceeding 5%. The timing coincides with the U.S. Thanksgiving holiday closure, suggesting the momentum is organic and sustained from the previous day's risk-on sentiment, rather than driven by short-term, U.S.-centric trading flows. The fundamental catalyst underpinning this surge is a dramatic shift in macroeconomic expectations. The market has now firmly priced in three Federal Reserve interest rate cuts for 2024, a stark and bullish reversal from the outlook held just a week prior. This anticipation of a more accommodative monetary policy is reducing the opportunity cost of holding non-yielding assets like Bitcoin and is increasing liquidity expectations, which historically fuels risk asset rallies. The positive sentiment is spilling over into Asian tech equities, which are extending gains, while traditional safe havens like gold and the U.S. dollar are showing signs of stalling—a classic rotation into growth-oriented digital assets. From a technical and sentiment perspective, Bitcoin breaking and holding above $90,000 is a critically important development. It confirms the strength of the current uptrend and opens the path toward testing previous all-time highs and beyond. The concurrent altcoin rally indicates a healthy market cycle where capital is rotating into higher-beta segments, seeking amplified returns, which is typical of a mature bull phase. This environment suggests strong institutional and retail conviction. For forward-looking targets, if the current macroeconomic tailwinds persist and Bitcoin maintains this key support level, a move toward the $100,000-$120,000 range in the medium term appears increasingly plausible. The convergence of technical breakout, favorable macro conditions, and broad market participation creates a compelling case for continued bullish momentum in the digital asset space.

Bitcoin Breaks $90K as Crypto Rally Extends to Altcoins

Bitcoin surged past $91,333, reclaiming the $90,000 threshold amid broad crypto market gains. Altcoins outperformed with 5%+ rallies as U.S. markets closed for Thanksgiving, sustaining momentum from Wednesday’s risk-on session.

Federal Reserve rate-cut expectations fueled the advance, with three cuts now priced for 2024—a stark shift from last week’s outlook. Tech stocks in Asia extended gains while gold and the dollar stalled. The crypto rally appears resilient barring geopolitical shocks.

Market structure suggests sustained bullish sentiment through Monday’s open. Venezuela tensions and Ukraine war developments remain secondary to macro liquidity narratives driving digital assets.

Bitcoin Reclaims $90K Amid Market Fragility, Analysts Warn of Potential Pullback

Bitcoin surged past the $90,000 threshold in a sharp recovery, reclaiming a critical psychological level for investors. The rally reflects renewed market optimism, though analysts caution that underlying fragility persists.

Technical indicators suggest a near-term correction toward $85,000 remains probable. Market participants are weighing bullish momentum against macroeconomic uncertainties and on-chain data signaling overheated conditions.

Nasdaq Seeks to Expand Options Trading Capacity for BlackRock's Bitcoin ETF

Nasdaq has formally requested to increase the trading limit for options on BlackRock's iShares bitcoin Trust (IBIT) to 1 million contracts. The move signals growing institutional demand for derivatives tied to spot Bitcoin ETFs, a market that has seen explosive growth since regulatory approval earlier this year.

The proposed expansion WOULD provide greater liquidity and flexibility for institutional traders hedging exposure or taking directional bets on Bitcoin's price movements. Market makers currently face constraints when building large positions in the options market, which this change aims to address.

CalPERS' MicroStrategy Bet Loses $64M Amid Bitcoin Volatility

MicroStrategy's stock slump has erased $64 million from CalPERS' investment, shrinking its $144 million position to $80 million in weeks. The pension giant's exposure remains negligible within its $550 billion portfolio, but the loss underscores the risks of Bitcoin-correlated equities.

JPMorgan's benchmark exclusion warning compounded selling pressure on MSTR shares. The stock now moves in near-lockstep with Bitcoin's price swings—a double-edged sword that amplifies both gains and losses for institutions seeking crypto exposure through traditional markets.

BlockchainFX and DeepSnitch AI Garner Investor Attention Amid Market Optimism

BlockchainFX is capturing market interest with a 10x price prediction at launch, fueled by project updates including a Black Friday presale promotion and the acquisition of an AOFA license for global trading operations. The platform's growing potential is drawing speculative investments from the crypto community.

Meanwhile, DeepSnitch AI's presale is surging, with a 64% token price increase and over $600,000 raised. The project's live network and user testing phase are amplifying hype, leading some investors to speculate on a 100x return. The bullish sentiment reflects broader confidence in AI-driven crypto innovations.

China has re-emerged as a key Bitcoin mining hub, now holding 14% of the global market share. This marks a significant rebound from its near-zero mining activity following the 2021 ban. Analysts attribute the resurgence to regulatory adjustments, including Hong Kong's new stablecoin law, with projections suggesting China could account for 50% of mining machine sales by 2025.

Bitcoin ETFs See Volatile Flows Amid Price Dip to $90,500

Bitcoin's price decline to $90,500 has triggered mixed reactions in ETF markets. While the cryptocurrency posted two consecutive days of modest inflows totaling $21.12 million, broader trends show significant volatility. Cumulative net inflows stand at $57.63 billion, suggesting long-term confidence persists despite recent selling pressure.

ETF activity reveals a striking pattern: $3.4 billion net inflows last month flipped to $3.55 billion outflows in June. This swing reflects profit-taking and panic exits among high-cost investors. Notably, only six months have recorded net outflows since January 2024, with February 2025 seeing the most substantial withdrawals.

Institutional interest continues growing, with BTC ETFs now representing 6.56% of Bitcoin's market value at $117.6 billion NAV. Market watchers anticipate increased bank participation, particularly following Vanguard's strategic moves in the space.