Bitcoin Holds Near $95,000 as U.S. Policy Delays Test Market Confidence, Is $100K Still in Play?
Bitcoin is holding near $95,000 following a pullback from recent highs, as U.S. regulatory uncertainty and softer risk sentiment weigh on the crypto market. The delay in the Senate Banking Committee’s markup of a crypto market structure bill has cooled enthusiasm, though analysts view the price action as consolidation rather than a reversal. Trading volume has declined, and some leverage is being cleared.
Institutional demand remains supportive, with U.S. spot Bitcoin ETFs recording four consecutive days of net inflows, including nearly $1.5 billion year-to-date. BlackRock’s IBIT led recent inflows. Regulatory delays, influenced by opposition from industry figures like Coinbase’s CEO, have added short-term uncertainty, pressuring crypto-related stocks.
Technically, Bitcoin faces resistance near $97,500. Some analysts believe a move toward $100,000 is still possible if support holds and ETF inflows continue. The near-term outlook depends on regulatory developments, institutional activity, and broader market sentiment.
bitcoinist01/16 19:32