XMR Hits New ATH, BTC Stopped at $98,000, Senate Delays Crypto Structure Bill: Your Weekly Recap

BTC has already fallen by almost four thousand dollars since its local peak.

Last weekend was very boring as Bitcoin remained flat at $90,500. The first signs of a rebound emerged on Sunday evening, when the asset touched $91,000 and as high as $92,000 on Monday. There were two stops there, but the bulls were more persistent and broke above that resistance on Tuesday.

BTC continued to rise in the following days and the peak occurred on Wednesday evening when the price rose to $98,000. This became the highest price tag in about two months.

After gaining ten thousand dollars since the 2026 entry price, BTC was due for a correction. It happened most in the last 24 hours as it was rejected at $97,000 and was driven south to just under $94,500 minutes ago. This happened shortly after American President Trump said Kevin Hassett will likely remain director of the National Economic Council rather than become the next chairman of the Federal Reserve.

Despite this rejection and correction, Bitcoin is actually well in the green on a weekly scale. The price has risen more than 3.5% since last Friday, as the market cap is about $1.9 trillion. However, its weekly performance paled in comparison to XRM’s. The privacy coin has skyrocketed by more than 50% and is trading near its all-time high above $700.

ICP and PUMP are the other double-digit gainers, followed by ETH, BNB and TRX among the larger caps. ZEC, SUI, LTC and HBAR, on the other hand, are deeply in the red.

Market data

Market Cap: $3,280T | 24H volume: $118 billion | BTC dominance: 57.5%

BTC: $94,500 (+3.6%) | ETH: $3,260 (+4.8%) | XRP: $2.03 (-4.2%)

This week’s Crypto headlines you shouldn’t miss

First time in 3 months: Bitcoin Fear and Greed Index signals greed. The price pump earlier this week changed overall market sentiment, as the fear and greed index entered “greed” territory for the first time in three months. As is usually the case after such a sudden change, the market went in the opposite direction shortly afterwards.

2025 was brutal for Bitcoin, but Arthur Hayes sees a liquidity-driven recovery on the horizon. The previous year’s rough end will be followed by a deeper rally in 2026, former BitMEX CEO Arthur Hayes predicted. In a new essay, he attributed the late 2025 decline to declining U.S. dollar credit.

Ethereum Treasury Giant Bitmine Ensures $200 Million Power Goes to MrBeast’s Empire. The largest ETH treasury company has invested $200 million in Beast Industries, the entertainment company founded by YouTube creator Jimmy Donaldson, who is commonly known as MrBeast.

The Senate Banking Committee postpones the crypto market structure bill. Perhaps the most obvious thing behind the latest price correction this week was the postponement of the long-awaited crypto market structure law. Senate Banking Committee Chairman Tim Scott announced the decision Thursday.

Ethereum sets record with 393,600 new wallets in one day. The Ethereum network reached a huge milestone earlier this week when 393,600 new wallets were created in the span of 24 hours on January 11. This set a new record in this metric, even though ETH has remained well below its 2025 peak.

Monero (XMR) Hits New All-Time Highs, But Experts Warn of FOMO Entries. As mentioned above, Monero had a big week where it broke its previous record a few times. The last one was on January 14 at almost $800, but experts warned investors to be wary of FOMO entries.