Crypto Price Today: The stability expected in the crypto market at the beginning of the new year is not yet materializing. On January 7, 2026, the market witnessed another decline. Rising geopolitical tensions between the US and Venezuela, along with proposed crypto legislation in the US, have weakened market sentiment. Investors appear to be avoiding risk at the moment, which has directly impacted prices.
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Senate Voting and Uncertainty Increase Concerns
The US Senate Banking Committee is scheduled to vote on a crucial crypto-related bill on January 15. However, it remains unclear whether the bill will pass. This uncertainty is contributing to the pressure on the market. Crypto investors are wary of any strict regulations, as these could impact trading, taxation, and exchange operations.
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Bitcoin Price Today: The Largest Coin Slips Again
After a decline of approximately 1.02 percent in the last 24 hours, the price of Bitcoin has fallen to $92,626.07. Just a day earlier, Bitcoin had crossed the $93,000 mark, providing some relief to investors, but this rally did not last long. The long-standing market uncertainty now seems to be prevailing again.
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Why is the Crypto Market Falling?
The crypto market is currently under pressure from several global factors. Discussions are underway regarding potential interest rate cuts by the US Federal Reserve this year. In addition, the upcoming Fed meeting and US employment figures are also influencing investor decisions. Due to the instability in the global economy, investors are shifting towards safer options, leading to increased selling pressure on cryptocurrencies.
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The Status of Ethereum, XRP, Solana, and Dogecoin
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Unlike Bitcoin, the world’s second-largest cryptocurrency, Ethereum, saw a slight increase. In the last 24 hours, its price rose by approximately 1.51 percent to $3,259.75. This is the first time in a while that we’ve seen Bitcoin falling while Ethereum shows strength.
XRP experienced a sharp decline today, falling by approximately 5.64 percent to $2.26. Profit-taking by investors after the sharp rally the previous day is considered the main reason for this drop.
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Solana also saw a slight increase, rising by 1.17 percent to $139.20. Meanwhile, Dogecoin continued its downward trend, falling by 2.78 percent to $0.1476.