{"id":27,"date":"2026-01-16T06:34:25","date_gmt":"2026-01-16T06:34:25","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=27"},"modified":"2026-01-16T06:34:25","modified_gmt":"2026-01-16T06:34:25","slug":"bitcoin-nears-98k-as-ethereum-targets-3-4k-market-update","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/01\/16\/bitcoin-nears-98k-as-ethereum-targets-3-4k-market-update\/","title":{"rendered":"Bitcoin Nears $98K as Ethereum Targets $3.4K: Market Update"},"content":{"rendered":"\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\">\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1004\" data-id=\"28\" src=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/01\/IMG_1047-1024x1004.jpeg\" alt=\"\" class=\"wp-image-28\" srcset=\"https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/01\/IMG_1047-1024x1004.jpeg 1024w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/01\/IMG_1047-300x294.jpeg 300w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/01\/IMG_1047-768x753.jpeg 768w, https:\/\/blog.coinsignals.net\/wp-content\/uploads\/2026\/01\/IMG_1047.jpeg 1242w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/figure>\n\n\n\n<p>Bitcoin (BTC) continued its steady upward trend over the past 24 hours, briefly touching $98,000 for the first time in nearly two months. Alongside this move, BTC\u2019s dominance over the broader crypto market has increased, as most altcoins struggled to extend their recent rallies. Even so, Ethereum (ETH) remains strong above $3,350 and appears poised for a push toward $3,400.<\/p>\n\n\n\n<p><strong>BTC Dominance Strengthens<\/strong><\/p>\n\n\n\n<p>Following last week\u2019s rally that lifted Bitcoin from below $90,000 to nearly $95,000, the momentum stalled and prices briefly dipped. Bulls quickly stepped in, however, defending the $90,000 level and setting the stage for another breakout attempt.<\/p>\n\n\n\n<p>After several failed tries around $92,000, BTC finally reclaimed that level on Tuesday and surged to $96,500. Sellers briefly forced a pullback to below $94,500, but the recovery was swift. By Wednesday evening, Bitcoin jumped sharply once more, reaching $98,000 for the first time since mid-November\u2014despite rising geopolitical tensions. While it failed to hold that level, BTC is currently trading near $97,000, up 2.2% on the day.<\/p>\n\n\n\n<p>Bitcoin\u2019s market capitalization has climbed to $1.94 trillion, while its market dominance has increased to 57.5%.<\/p>\n\n\n\n<p><strong>Ethereum Pushes Higher<\/strong><\/p>\n\n\n\n<p>Ethereum also posted gains, though at a slower pace than Bitcoin. ETH is up around 1% on the day, holding above $3,350, with expectations building for a move toward\u2014and potentially above\u2014$3,400.<\/p>\n\n\n\n<p>Elsewhere, BNB, TRX, XMR, and BCH posted modest gains, while XRP, DOGE, ADA, LINK, and XLM declined over the past 24 hours. HYPE, LTC, HBAR, TAO, and CC also traded lower. On the upside, RAIN and ICP led gains among larger-cap altcoins, while HASH stood out with a notable 20% surge.<\/p>\n\n\n\n<p>Overall, the total cryptocurrency market capitalization increased by approximately $40 billion overnight, reaching $3.37 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) continued its steady upward trend over the past 24 hours, briefly touching $98,000 for the first time in nearly two months. Alongside this move,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/27","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=27"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/27\/revisions"}],"predecessor-version":[{"id":29,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/27\/revisions\/29"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=27"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=27"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=27"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}