--- title: "Bitcoin, Ethereum, XRP, Dogecoin Slip After Crypto Bill Stalls In Senate: BTC Could Jump To $105,000 If This Pattern Holds, Says Analyst" description: "Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced declines after a key cryptocurrency bill stalled in the Senate due to opposition from industry giants. Bitcoin fel" type: "news" locale: "en" url: "https://longbridge.com/en/news/272778609.md" published_at: "2026-01-16T02:03:37.000Z" --- # Bitcoin, Ethereum, XRP, Dogecoin Slip After Crypto Bill Stalls In Senate: BTC Could Jump To $105,000 If This Pattern Holds, Says Analyst > Leading cryptocurrencies, including Bitcoin, Ethereum, XRP, and Dogecoin, experienced declines after a key cryptocurrency bill stalled in the Senate due to opposition from industry giants. Bitcoin fell 1.29% to $95,485.03, while Ethereum and XRP also saw losses. Analysts suggest that if Bitcoin maintains above $94,000–95,000, it could rise to $100,000–$105,000 in the coming weeks. The global cryptocurrency market cap decreased by 1.26% to $3.23 trillion, with significant liquidations occurring in the market. Leading cryptocurrencies dipped on Thursday after a key cryptocurrency bill stalled in the Senate following opposition from industry giants. **Cryptocurrency** **Gains +/-** **Price (Recorded at 8:20 p.m. ET)** **Bitcoin** (CRYPTO: BTC) \-1.29% $95,485.03 **Ethereum** (CRYPTO: ETH)                 \-0.82% $3,306.90 **XRP** (CRYPTO: XRP)                          \-2.66% $2.07 **Solana** (CRYPTO: SOL)                          \-2.75% $142.06 **Dogecoin** (CRYPTO: DOGE)              \-4.23% $0.1397 ## Crypto Market Cracks **Bitcoin** retreated after lifting to a 2-month high of $97,000, with trading volume dropping 13% over the last 24 hours. **Ethereum** continued to stagnate in the $3,300 region, while **XRP** and **Dogecoin** slipped 2.66% and 4.23%, respectively. The sell-offs came after the Senate Banking Committee postponed markup on the cryptocurrency market structure bill after opposition from the industry. Shares of cryptocurrency-related companies, including **Strategy Inc.** (NASDAQ:MSTR)  and **Coinbase Global Inc.** (NASDAQ:COIN), closed down 4.70% and 6.48%, respectively Over $320 million was liquidated from the cryptocurrency market in the last 24 hours, according to Coinglass, with long liquidations accounting for 81% of the total. Meanwhile, Bitcoin's open interest fell 2.31% in the last 24 hours, although more than 50% of Binance traders with open BTC positions remained long. The market sentiment shifted back to "Neutral" from "Greed," according to the Crypto Fear & Greed Index. **Top Gainers (24 Hours)**  **Cryptocurrency (Market Cap>$100 M)** **Gains +/-** **Price (Recorded at 8:20 p.m. ET)** **Decred** (DCR )   +11.99%     $25.14 **Wrapped Pulse** (WPLS )                  +11.40%       $0.00001638 **Yooldo** (ESPORTS )            +8.16%       $0.4633 The global cryptocurrency market capitalization stood at $3.23 trillion, contracting by 1.26% in the last 24 hours. ## **Stocks Recover, Oil Slips** Stocks rebounded on Thursday. The **Dow Jones Industrial Average** rallied 292.81 points, or 0.60%, to close at 49,442.44. The **S&P 500** lifted 0.26% to settle at 6,944.47, while the tech-focused **Nasdaq Composite** rose 0.25% to end the day at 23,530.02. Jobless claims for the week ending Jan. 10 declined by 9,000 from the previous week to 198,000, lower than market estimates of 215,000. Oil prices eased, with the U.S. West Texas Intermediate falling below $60 a barrel after President **Donald Trump** softened his stance on Iran. ## Altcoin Rally Incoming? In a note shared with Benzinga, analysts at cryptocurrency payment company **B2BINPAY** viewed that Bitcoin's market structure remains bullish, citing accumulation by large holders and leverage reset. "Overall, the structure favors continuation," the analysts noted. "As long as Bitcoin is above the $94,000–95,000 area, a move to $100,000–$105,000 is realistic within weeks." Widely followed cryptocurrency commentator **Ted Pillows** highlighted total altcoin market capitalization holding above an ascending trendline. "If BTC holds above the $95,000 level, I think a relief rally in alts will happen," Pillows projected. > Altcoin MCap is still holding above its long-term support trendline. > > If $BTC holds above the $95,000 level, I think a relief rally in alts will happen. pic.twitter.com/1mARt6ixSs > > — Ted (@TedPillows) January 15, 2026 *Photo Courtesy: Memory Stockphoto on Shutterstock.com* ### Related Stocks - [ETHE.US - Grayscale Ethereum Staking ETF](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US - Grayscale Bitcoin Trust BTC - ETF](https://longbridge.com/en/quote/GBTC.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | DOGE Open-Sources Largest Medicaid Dataset In Agency History As Elon Musk Touts Transparency Move: 'It's A State Of Mind' | The Department of Government Efficiency (DOGE) has open-sourced the largest Medicaid dataset in its history, covering pr | [Link](https://longbridge.com/en/news/275968693.md) | | Bitcoin Holds $68.8K While Ethereum Slides Toward $2k as Nasdaq Cools in February 2026 | Bitcoin Futures are stabilizing around $68,800 after a significant drop from over $110,000, while Ethereum Futures are n | [Link](https://longbridge.com/en/news/275966343.md) | | KR1 Commences Acquisition Of Bitcoin Alongside Ethereum | KR1 PLC :KR1 PLC - COMMENCES ACQUISITION OF BITCOIN ALONGSIDE ETHEREUMKR1 PLC - TO UTILISE UP TO 20% OF HOLDINGS IN FINA | [Link](https://longbridge.com/en/news/275278751.md) | | Bitmine buys $84 million in ETH as Tom Lee calls market pullback ‘attractive’ entry point: onchain data | BitMine Immersion Technologies has purchased $83.6 million worth of Ethereum (ETH), acquiring 20,000 ETH from FalconX an | [Link](https://longbridge.com/en/news/275393366.md) | | Robinhood Chain Testnet Marks Shift Toward Broader Crypto And Global Platform | Robinhood Markets has launched a public testnet for its Ethereum Layer 2, Robinhood Chain, and is expanding into predict | [Link](https://longbridge.com/en/news/275610084.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.