Crypto Market News Today, January 16: Total Crypto Market Cap Bullish Divergence, But Can Bitcoin Break Price High?

Crypto Market News Today, January 16: Total Crypto Market Cap Bullish Divergence, But Can Bitcoin Break Price High?

The crypto market cap sits at 3.32 trillion dollars, and for us watching screens a little too long, it is somehow bullish. Bitcoin price keeps pulling focus, driving the direction of the crypto market as a whole. Crypto market cap holds steady, and Bitcoin price refuses to slip; it feels like it’s about to get good.

For us in the market, this is a deliberate phase. Capital is flowing back into the crypto market with intent, and the Bitcoin price keeps pushing the total cap. Since the November lows, close to 390 billion dollars have returned to crypto. Stretch that view back to April, and about 820 billion dollars have been added, good numbers to rebuild confidence.

Market Cap

Crypto Market Cap Bullish Divergence Takes Shape

On the charts we follow daily, the crypto market cap shows a bullish divergence that is once again bullish. Volume reached 139 billion dollars in the last session, as engagement skyrocketed. The Bitcoin price continues to lead the way, holding its dominance around 59 percent. But, it is also below 60%, which is good for atlcoins.

The crypto market cap sits at $3.32 trillion as Bitcoin holding above $95K, and for us watching screens a little too long, it is bullish.

(source – TradingView)

Bitcoin price is now at $95,000 level, pushing higher at a controlled pace. RSI is at 56, and MACD leans positive, which keeps our confidence in check. ETF inflows reached $1.8 billion this 4 days, with one of the days recording just south of $650 million, with BlackRock doing most of the heavy lifting. But that’s not all, Saylor’s Strategy is also keeping adding their spot holding.

Derivatives data also make things interesting. Bitcoin liquidations came in around 82 million dollars, while open interest climbed to 110 billion dollars. This is a good signal as positions stay open, conviction stays intact, and Bitcoin price remains within reach of the six-figure milestone.

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Bitcoin Price Keeps the Market Moving

A stable Bitcoin price tends to lift the rest of the market, and we can see it now. With dominance still under 60 percent, room exists for rotation. DeFi total value locked climbed to 129 billion dollars, driven mainly by lending platforms that continue to attract capital and stablecoins.

The crypto market cap sits at $3.32 trillion as Bitcoin holding above $95K, and for us watching screens a little too long, it is bullish.

(source – Defillama)

Stablecoins keep liquidity flowing, with it averaging $3.5 trillion in daily volume, supporting the crypto market cap. Tokenized real-world assets reached 24 billion dollars, while Ethereum holds around 71 billion dollars in TVL. Even privacy-focused coins are also joining the move, proving the market still likes a diverse playlist. Yep, Monero is blasting all-time high after all-time high.

Market Cap

Beyond charts, adoption stories keep stacking up. Regulation discussions, bank interest in stablecoins, and tokenization efforts continue to build. Maybe it’s time to listen to the full album instead of a hit single. And yes, at least once a cycle, we all catch ourselves smiling at the screen, thinking, this might be where the Bitcoin price goes full euphoria.

DISCOVER:

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