Why are cryptocurrencies rising today? Exciting? Bitcoin price rose higher after US inflation data came in weaker than expected, and for a while, BTC has been looking ugly as the bear market started to be the hot topic. So it wasn’t like that. Buyers stayed, sellers retreated. When New York opened, the price of Bitcoin had already reached levels it had not seen since November.
The price of Ethereum continued with a clear 7% jump to surpass $3,300, and suddenly the market woke up, sentiment became more bullish, and the fear and greed index went from fear to neutrality. What seemed like a grind an hour earlier turned into a complete reversal of momentum, and the bull market is returning!
Crypto Fear and Greed Index
Fear
extreme fear
Fear
Neutral
Greed
extreme greed
Now 36.17 Fear
Yesterday 35.13 Fear
Last week 36.78 Fear
Why Crypto Up? Bitcoin price moves fast
The first real factor behind the rise of cryptocurrencies was positioning. The price of Bitcoin, which recovered $94,000, forced us not to think. Short positions began to unwind as liquidations occurred, putting pressure on the bears. Nearly $600 million in short positions were liquidated in a single day, with the price of Bitcoin accounting for most of the damage.
(fountain – glass coin)
Macroeconomic data gave the market permission, as US core inflation eased slightly in December, while job growth slowed more than expected. This combination later led to talk of rate cuts and weakened the dollar enough to help risk assets breathe. Bitcoin took advantage of the opportunity and its price rose.
As the rally accelerated, open interest increased and funding rates turned positive. None of this was subtle as we rushed back after being overly cautious for too long.
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Ground control Major Tom, take your protein pills and put on your helmet.
Ethereum price matters. It is the first sign that we are going to see an altcoin season. ETH rose steadily, supported by new inflows into spot ETFs after several quiet sessions. Institutional demand returned at the same time as the price of Bitcoin rose, which helped validate the move when people were bearish.
On-chain data shows that Ethereum price benefited from lower network fees following recent upgrades, and activity in DeFi picked up again. Foreign exchange balances continued to fall as holders were not eager to sell to gain strength. These signals tend to lag behind the headlines, but they help explain why cryptocurrencies feel more stable in their rise this time around.
"You can just build on it. @ethereum L1."
– @VitalikButerin pic.twitter.com/d1ltwNsN4u
— Token terminal
(@tokenterminal) January 12, 2026
(@tokenterminal) The momentum continues to grow
Regulation remained in the background and had virtually no effect on trust. The CLARITY Act may have been delayed, but ongoing discussions and revised drafts kept expectations for clearer rules alive. This reduced uncertainty, which we need more than just the delivery date at the moment.
After months of hard work, we have a bipartisan text ready for Thursday’s markup. I urge my Democratic colleagues: do not back away from our progress. The Digital Asset Market Clarity Act will provide the clarity needed to sustain innovation in the US and protect consumers. Let’s do this! pic.twitter.com/fuu5CIQa8X
— Senator Cynthia Lummis (@SenLummis) January 13, 2026
Altcoins reacted quickly, outperforming Bitcoin price as traders pivoted to riskier names. Volumes increased, sentiment improved and the market retreated. Bitcoin price remains above the $94,000 support, a good level for us, while Ethereum price strength continues to support the curious bull run case of this cycle.
Remember, the bull market ends in euphoria, not depression.
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Crypto Market News Post Today, January 14: Why Are Cryptocurrencies Rising? Bitcoin Shoots $95K, Ethereum With 7% Price Rise appeared first on 99Bitcoins.
