{"id":40194,"date":"2026-01-16T17:12:08","date_gmt":"2026-01-16T17:12:08","guid":{"rendered":"https:\/\/financialrush.com\/?p=40194"},"modified":"2026-01-16T17:12:08","modified_gmt":"2026-01-16T17:12:08","slug":"xmr-hits-new-ath-btc-stopped-at-98k-senate-delays-crypto-structure-bill-your-weekly-recap","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=40194","title":{"rendered":"XMR Hits New ATH, BTC Stopped at $98K, Senate Delays Crypto Structure Bill: Your Weekly Recap"},"content":{"rendered":"<p> \n<\/p>\n<p>It has been another eventful week, as the cryptocurrency markets have reacted to the latest developments on the US front and the controversy its leader continues to stir around the world.<\/p>\n<p>Last weekend was highly dull as bitcoin remained flat at $90,500. Its first revival signs emerged on Sunday evening when the asset tapped $91,000 and even $92,000 on Monday. It was stopped twice there, but the bulls were more persistent and broke above that resistance on Tuesday.<\/p>\n<p>BTC kept climbing in the following days, and the culmination occurred on Wednesday evening when it surged to $98,000. This became its highest price tag in about two months.<\/p>\n<p>After gaining ten grand since its 2026 entry price, BTC was due for a correction. It transpired in the past 24 hours, the most, as it was rejected at $97,000 and driven south to just under $94,500 minutes ago. This happened shortly after US President Trump <a href=\"https:\/\/x.com\/DeItaone\/status\/2012191956831494442\">said<\/a> Kevin Hassett will likely remain the National Economic Council Director rather than becoming the next Federal Reserve Chair.<\/p>\n<p>Despite this rejection and correction, bitcoin is actually well in the green on a weekly scale. Its price has risen by over 3.5% since this time last Friday, as its market cap is around $1.9 trillion. However, its weekly performance pales in comparison to XRM&#8217;s. The privacy coin has skyrocketed by over 50% and trades near its latest all-time high of over $700.<\/p>\n<p>ICP and PUMP are the other double-digit gainers, followed by ETH, BNB, and TRX from the larger caps. In contrast, ZEC, SUI, LTC, and HBAR are deep in the red.<\/p>\n<h2 id=\"market-data\" class=\"resource-jumplink\">Market Data<\/h2>\n<figure id=\"attachment_1426189\" aria-describedby=\"caption-attachment-1426189\" style=\"width: 1882px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-16-180428.png\"><\/a><figcaption id=\"caption-attachment-1426189\" class=\"wp-caption-text\">Cryptocurrency Market Overview Weekly Jan 16. Source: QuantifyCrypto<\/figcaption><\/figure>\n<p>Market Cap: $3.280T | 24H Vol: $118B | BTC Dominance: 57.5%<\/p>\n<p>BTC: $94,500 (+3.6%) | ETH: $3,260 (+4.8%) | XRP: $2.03 (-4.2%)<\/p>\n<h2 id=\"this-weeks-crypto-headlines-you-cant-miss\" class=\"resource-jumplink\">This Week\u2019s Crypto Headlines You Can\u2019t Miss<\/h2>\n<p><strong>First Time in 3 Months: Bitcoin Fear and Greed Index Signals Greed<\/strong>. The price pump earlier this week shifted overall market sentiment, as the fear and greed index <a href=\"https:\/\/cryptopotato.com\/first-time-in-3-months-bitcoin-fear-and-greed-index-signals-greed\/\">entered<\/a> &#8216;greed&#8217; territory for the first time in three months. As is typically the case following such a sudden change, the market headed in the opposite direction soon after.<\/p>\n<p><strong>2025 Was Brutal for Bitcoin, But Arthur Hayes Sees Liquidity-Driven Rebound Ahead<\/strong>. The rough ending to the previous year will be followed by a more profound rally in 2026, predicted BitMEX&#8217;s former CEO, Arthur Hayes. In a new essay, he <a href=\"https:\/\/cryptopotato.com\/2025-was-brutal-for-bitcoin-but-arthur-hayes-sees-liquidity-driven-rebound-ahead\/\">attributed<\/a> the late 2025 decline to a declining US dollar credit.<\/p>\n<p><strong>Ethereum Treasury Giant Bitmine Makes $200M Power Move Into MrBeast\u2019s Empire<\/strong>. The largest ETH treasury firm has <a href=\"https:\/\/cryptopotato.com\/ethereum-treasury-giant-bitmine-makes-200m-power-move-into-mrbeasts-empire\/\">invested<\/a> $200 million into Beast Industries, the entertainment company founded by YouTube creator Jimmy Donaldson, who is widely known as MrBeast.<\/p>\n<p><strong>Senate Banking Committee Postpones Crypto Market Structure Bill<\/strong>. Perhaps the most evident behind the latest price correction this week was the postponement of the highly anticipated crypto market structure bill. Senate Banking Committee chairman Tim Scott <a href=\"https:\/\/cryptopotato.com\/senate-banking-committee-postpones-crypto-market-structure-bill\/\">announced<\/a> the decision on Thursday.<\/p>\n<p><strong>Ethereum Sets Record With 393,600 New Wallets in One Day<\/strong>. The Ethereum network <a href=\"https:\/\/cryptopotato.com\/ethereum-sets-record-with-393600-new-wallets-in-one-day\/\">hit<\/a> a massive milestone earlier this week as 393,600 new wallets were created in a 24-hour window on January 11. This set a new record in this metric, even though ETH has remained far below its 2025 peak.<\/p>\n<p><strong>Monero (XMR) Hits Fresh Records But Experts Warn Against FOMO Entries<\/strong>. As mentioned above, Monero had a big week in which it broke its previous record on a few occasions. The latest was on January 14 at almost $800, but experts <a href=\"https:\/\/cryptopotato.com\/monero-xmr-hits-fresh-records-but-experts-warn-against-fomo-entries\/\">warned<\/a> investors to be wary of FOMO entries.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/xmr-hits-new-ath-btc-stopped-at-98k-senate-delays-crypto-structure-bill-your-weekly-recap\/\">XMR Hits New ATH, BTC Stopped at $98K, Senate Delays Crypto Structure Bill: Your Weekly Recap<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n\n<br \/><a href=\"https:\/\/cryptopotato.com\/xmr-hits-new-ath-btc-stopped-at-98k-senate-delays-crypto-structure-bill-your-weekly-recap\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It has been another eventful week, as the cryptocurrency markets have reacted to the latest developments on the&hellip;\n","protected":false},"author":2,"featured_media":40195,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-40194","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40194"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/40194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/40195"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}