Bitcoin Holds at $93,000, Focus Shifts to NFP
Major crypto markets rallied at the start of the week, supported by a combination of recovering risk-on sentiment and a weakening US dollar ahead of a series of important US economic data releases. However, market participants remained cautious as geopolitical headlines—particularly those related to Venezuela—still had the potential to trigger rapid market mood swings.
Price-wise on Tuesday, Bitcoin (BTC) traded around $93,396. Ethereum (ETH) hovered around $3,220. Several major altcoins also rallied: SOL $137.87, BNB $912.09, XRP $2.35, and DOGE $0.1506.
From a fundamental perspective, today's market focus shifted to US data, particularly the employment report. The direction of the employment data typically directly influences expectations for the Fed's interest rate—which ultimately shapes risk appetite for assets like crypto. The December Nonfarm Payrolls (NFP) report is scheduled for release on Friday, January 9, 2026.
Meanwhile, geopolitical factors continue to fuel volatility. Several safe-haven assets, such as gold, briefly strengthened due to tensions in Venezuela and comments perceived as dovish by Fed officials, but global stock markets appear to have quickly normalized these risks. This pattern often benefits crypto—as long as no new escalations occur that push the market back into a risk-off mood.
For energy commodities, the oil market tends to be more sensitive to the 2026 supply surplus issue than Venezuelan headlines, resulting in a relatively limited oil price response. The impact on crypto typically manifests through sentiment: if oil stabilizes and the dollar weakens, the risk-on environment tends to be more open.
Looking ahead, the market is also beginning to weigh other risks: AI optimism continues to support risk assets, but some investors warn of the potential inflationary pressures from large AI spending—which could change the tone of central banks if inflation becomes "sticky" again. This is important because crypto is highly sensitive to interest rate expectations and liquidity.
Source: Newsmaker.id
