Why Crypto Is Going Up Today
Cryptocurrency markets are rallying sharply today, with Bitcoin, Ethereum, XRP, and Dogecoin posting their strongest gains in nearly two months. The surge is being driven by a powerful mix of cooling U.S. inflation data, large-scale short liquidations, renewed institutional inflows into spot Bitcoin ETFs, and improving regulatory sentiment in the United States.
On Tuesday, Bitcoin surged 4.6% to $96,500, its biggest single-day gain since late November. Ethereum rallied to $3,362, XRP climbed over 5%, and Dogecoin soared nearly 8%, signaling broad-based strength across the crypto market.
However, despite the optimism, prices are showing modest corrections on Wednesday, suggesting the rally may still be part of a wider consolidation phase rather than the start of a new bull trend.
Crypto Prices Today (January 14, 2026)
- Bitcoin price today: $95,120 (-0.28%)
- Ethereum price today: $3,296 (-0.81%)
- XRP price today: $2.13 (-1.77%)
- Dogecoin price today: $0.1467 (-0.99%)
Key Reasons Why Crypto Is Rising
1. Cooling U.S. Inflation Boosts Risk Appetite
Core U.S. CPI eased to 2.6% from 2.7%, strengthening expectations that the Federal Reserve is nearing the end of its tightening cycle. Lower inflation typically benefits risk assets, including cryptocurrencies.
2. $591 Million in Short Liquidations
More than $591 million worth of crypto short positions were liquidated in 24 hours. This forced bearish traders to buy back positions, accelerating price gains across major tokens.
3. Surge in Spot Bitcoin ETF Inflows
Spot Bitcoin ETF inflows jumped nearly 7x to $753.7 million, highlighting renewed institutional demand and long-term confidence in Bitcoin.
4. Regulatory Optimism From the CLARITY Act
The proposed CLARITY Act, aimed at improving crypto regulatory frameworks in the U.S., added a strong sentiment tailwind, particularly for large-cap cryptocurrencies.
Bitcoin Price Analysis: Resistance Still Intact
Bitcoin’s rally to $96,500 tested the upper boundary of a two-month consolidation range but failed to confirm a breakout.
Bitcoin Technical Levels
- Resistance zone: $94,000–$96,000
- Support zone: $82,000–$85,000
- 200-day MA: $106,120
- Medium-term downside target: $74,000
- Extended downside target: $68,000
As long as Bitcoin remains below the 200-day moving average, the broader trend remains technically bearish despite short-term rallies.
Ethereum Price Analysis: 200 EMA Remains Key Barrier
Ethereum rallied strongly but is now stalling near $3,300, just below the critical 200-day EMA at $3,637.
Ethereum Technical Levels
- Current price: $3,296
- Major resistance: $3,637 (200 EMA)
- Support zone: $2,600–$2,730
- Trend status: Bearish below 200 EMA
Previous rejections from this level triggered sharp corrections, suggesting Ethereum may again retest lower consolidation levels.
XRP Price Prediction: Bearish Structure Persists
XRP remains one of the weaker large-cap cryptocurrencies from a technical perspective. After rejecting the 200-day MA at $2.57 earlier this month, XRP is already in a corrective phase.
XRP Key Levels
- Current price: $2.13
- Resistance: $2.57
- Support target: $1.77
Unless XRP reclaims its 200-day average, downside pressure is expected to continue.
Dogecoin Price Analysis: 15-Cent Wall Holds
Dogecoin posted the strongest rally among major cryptocurrencies but is once again struggling to break above $0.15, a key psychological and technical resistance.
Dogecoin Technical Levels
- Current price: $0.1467
- Resistance: $0.15
- 200-day MA: $0.193
- Downside target: $0.12
DOGE remains highly sentiment-driven and vulnerable to sharp reversals during consolidation phases.
Is This the Start of a New Crypto Bull Run?
Despite improving macroeconomic conditions, all major cryptocurrencies remain below their 200-day moving averages, indicating that the broader market structure is still bearish.
This creates a disconnect between fundamentals and technicals, where strong rallies are often followed by pullbacks rather than sustained breakouts.
Conclusion: Why Crypto Is Going Up Today
Crypto is going up today due to cooling inflation, massive short liquidations, strong Bitcoin ETF inflows, and improving regulatory sentiment. However, from a technical standpoint, Bitcoin, Ethereum, XRP, and Dogecoin remain locked in multi-month consolidation ranges.
Until prices reclaim key long-term moving averages, rallies are likely to remain tactical rather than transformational.
FAQs: Crypto Market Today
Why is crypto going up today?
Crypto prices rose due to easing U.S. inflation, $591M in short liquidations, strong ETF inflows, and optimism around U.S. crypto regulation.
What is Bitcoin price today?
Bitcoin is trading at $95,120 on January 14, 2026, after peaking at $96,500 on Tuesday.
What is Ethereum price today?
Ethereum is trading at $3,296, slightly below the key 200-day EMA resistance at $3,637.
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