Leading cryptocurrencies surged on Tuesday as the Senate prepares for the markup of a key bill aimed at regulating the cryptocurrency market.<figure class="wp-block-table"><table><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 8:20 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: BTC)</td><td>+4.43%</td><td>$95,374.58</td></tr><tr><td>Ethereum (CRYPTO: ETH)                </td><td>+7.16%</td><td>$3,327.98</td></tr><tr><td>XRP (CRYPTO: XRP)                         </td><td>+5.29%</td><td>$2.16</td></tr><tr><td>Solana (CRYPTO: SOL)                         </td><td>+4.52%</td><td>$145.52</td></tr><tr><td>Dogecoin (CRYPTO: DOGE)                         </td><td>+8.25%</td><td>$0.1482</td></tr></tbody></table></figure><h2>Crypto Market Rebounds</h2>Bitcoin rose above $96,000 for the first time in nearly two months ,with trading volume surging 45% over the last 24 hours. The leading cryptocurrency is now up 9.29% in 2026. Ethereum also rallied to a 2-month high of $3,350, while XRP and Dogecoin also recorded sharp spikes.The rally comes after the Senate Banking Committee released a draft bill for the key cryptocurrency market structure bill, defining altcoins as similar to Bitcoin and Ethereum. The Committee marks up the bill ThursdayShares of cryptocurrency-related companies, including Strategy Inc. (NASDAQ:MSTR)  and Coinbase Global Inc. (NASDAQ:COIN), closed up 6.63% and 4%, respectivelyBenzinga Edge delivers real-time stock alerts, trade ideas, and professional investing tools to help you navigate the market. Find out more about MSTR and COIN here.Nearly $680 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with $592 million in bearish shorts wiped out.Bitcoin's open interest surged 6.65% in the last 24 hours, with more than 50% of derivatives traders placing long bets on the apex cryptocurrency.The market sentiment shifted from &#34;Fear&#34; to &#34;Neutral,&#34; according to the Crypto Fear &amp; Greed Index.Top Gainers (24 Hours) <figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency (Market Cap&gt;$100 M)</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Pirate Chain (ARRR )   </td><td>+23.75%</td><td>    $3.04</td></tr><tr><td>Dash (DASH )                 </td><td>+45.06%</td><td>      $58.48</td></tr><tr><td>Story (IP )            </td><td>+27.10%</td><td>      $3.85</td></tr></tbody></table></figure>The global cryptocurrency market capitalization stood at $3.25 trillion, jumping 4.67% over the last 24 hours.<h2>Stocks Move The Other Way</h2>Stocks pulled back from record highs on Tuesday. The Dow Jones Industrial Average retreated 398.21 points, or 0.8%, to end at 49,191.99. The S&amp;P 500 dipped 0.19% to settle at 6,963.74, while the tech-focused Nasdaq Composite lost 0.1% to finish at 23,709.8December's Consumer Price Index rose 2.7% year over year, in line with analyst estimates. On a monthly basis, consumer prices increased 0.3%, also in line with forecasts.Oil prices lifted, with the U.S. West Texas Intermediate trading surging beyond $61 a barrel as geopolitical tensions rose after President Donald Trump told Iranian protesters that &#34;help is on its way.&#34;<figure class="wp-block-image size-full"><img width="747" height="243" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/13204142/image-189.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/13204142/image-189.png"/></figure>Shares of defense companies, including Lockheed Martin Corp. (NYSE:LMT)  and Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:KTOS), closed down 4.34% and 13.78%, respectively, after President Donald Trump said he wants to increase the 2027 military budget from $1 trillion to $1.5 trillion.<h2>Bull Market About To Start?</h2>Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted Bitcoin's breakout above the crucial 21-day moving average and test of the level as support.&#34;It’s quite clear that this is going to run to $100,000 in the coming week and that dips are for buying,&#34; the analyst projected. &#34;The bull market hasn’t died, it’s about to start.&#34;<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div><blockquote>There we go.#Bitcoin breaks upwards. ✅ Holds the 21-Day MA. ✅ Multiple tests of that moving average held as support. ✅ Makes constant higher lows higher highs. It's quite clear that this is going to run to $100K in the coming week and that dips are for buying. The bull… pic.twitter.com/r7dw2K29kT— Michaël van de Poppe (@CryptoMichNL) January 13, 2026</blockquote></div></figure>Similarly, popular analyst Ali Martinez predicted that $105,921 &#34;comes into play&#34; if the apex cryptocurrency crosses $94,555.As of this writing, Bitcoin has cleared this threshold and remains to be seen whether it hits Martinez's target.<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div><blockquote>Bitcoin $BTC is getting very close to a bullish breakout! Clear $94,555, and $105,921 comes into play. I'm trading this setup on @CFTradercom ⬇️https://t.co/keJY2ZHj73 pic.twitter.com/gzoOprajuG— Ali Charts (@alicharts) January 13, 2026</blockquote></div></figure>Photo Courtesy: Sodel Vladyslav on Shutterstock.com

GBTC

Leading cryptocurrencies surged as the Senate prepares to mark up a key bill regulating the crypto market. Bitcoin rose above $96,000 for the first time in nearly two months, with Ethereum, XRP, and Dogecoin also experiencing significant gains. The global cryptocurrency market capitalization increased to $3.25 trillion. Analysts predict Bitcoin could reach $100,000 soon, with market sentiment shifting from 'Fear' to 'Neutral'. Meanwhile, stocks pulled back from record highs, and defense stocks fell after military budget announcements.

Bitcoin Tops $96,000; Ethereum, XRP, Dogecoin Rally On Crypto Bill Progress: Analyst Says 'Dips Are For Buying' As $100,000 Comes In Focus For BTC