On the evening of January 13th, the cryptocurrency market experienced a collective upswing. According to data from OKX, Bitcoin surged by over 1% in the past 24 hours, reaching $91,916.
This positive momentum extended to other major cryptocurrencies. Ethereum rose by nearly 1%, trading around $3,132, while XRP inched closer to $2. Both BNB and Solana saw gains of more than 1%, reaching approximately $908 and $141, respectively.
As reported by Coindesk, Bitcoin briefly surpassed the $92,000 mark on January 13th. This rally was supported by a significant 25% increase in trading volume, nearing $37 billion, indicating a resurgence of capital inflows after a period of stagnation.
The next critical resistance level for Bitcoin lies at $94,500. This price point has proven challenging, with Bitcoin failing to break through it three times during sessions on January 6, 2026, and December 2025.
If Bitcoin successfully breaches this resistance and sustains its upward trajectory, it could target the $100,000 milestone—a level the leading cryptocurrency hasn’t revisited since November 2025.
Such a breakthrough could signal the end of the prolonged downtrend that began in early October 2025, potentially ushering in a new bullish phase.
Bitcoin is currently trading at $91,916. Source: OKX
Beyond Bitcoin, the altcoin market also showed signs of vitality. DASH, a privacy-focused cryptocurrency, soared by as much as 63%—its most significant surge in five years.
DASH’s dramatic rise occurred after it surpassed a critical technical threshold around 3 a.m. international time.
This movement forced many short sellers to close their positions, resulting in approximately $1.3 million in liquidated shorts.
Despite these gains, the 2026 cryptocurrency market still lacks substantial catalysts. However, political and economic instability in countries like Venezuela and Iran may drive demand for assets outside traditional financial systems, potentially fueling further growth in the cryptocurrency sector.
Today’s Crypto Market, January 13th: Bitcoin Rejoins the Major Race
Amidst the economic uncertainties in Venezuela and Iran, digital currencies are gaining traction as a compelling alternative to traditional assets.
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Amidst Bitcoin’s sideways price movement, “whales”—large-scale investors holding significant amounts of the cryptocurrency—are notably reducing their long positions.
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Should tensions between Venezuela and the United States fail to escalate further, Bitcoin could soon rebound, targeting the $96,000 to $100,000 range in the coming period.
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