Bitcoin Stalls Near $92k While Asian Equities And Oil Move Higher

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

Part of the Team Since

Jan 2024

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Share

Last updated: 

January 12, 2026

Bitcoin held near $92,000 early Monday as Asian equities opened slightly higher and traders kept one eye on US inflation data this week, another on Washington’s tariff fight and the Federal Reserve’s growing political drama.

In China and Hong Kong, the tone stayed steady. Shanghai rose 0.24%, the SZSE Component climbed 0.60%, and the Hang Seng added 0.14%, while the China A50 fell 0.77%.

Market snapshot

• Bitcoin: $92,122, up 1.7%
• Ether: $3,158, down 2.2%
• XRP: $2.10, up 0.4%
• Total crypto market cap: $3.23 trillion, up 1.6%

US Jobs Data Lifts Equities As Tariff Risk Lingers

Wall Street handed Asia a supportive lead into the open after a strong finish last week. The S&P 500 pushed higher on Friday after a jobs report that showed slower hiring than forecast and unemployment easing to 4.4%, while the Supreme Court again held off on a decision in challenges to President Donald Trump’s tariffs.

Bitcoin’s lack of direction reflects the same setup. Traders have treated $91,000 as a pivot as rate cut expectations, dollar moves, and risk appetite pull in different directions, with positioning turning cautious ahead of the next macro prints.

The calendar starts quickly with the December CPI due Tuesday, Jan. 13, followed by the Fed’s Beige Book on Wednesday, while markets keep looking ahead to the Fed’s Jan. 27 to 28 policy meeting.

Powell Subpoena Adds Fresh Headline Risk For Rates And Dollar

Rates and the dollar also face an unusual headline risk after Federal Reserve Chair Jerome Powell said the central bank received grand jury subpoenas from the Justice Department tied to his Senate testimony on the Fed’s headquarters renovation, raising fresh questions about pressure on the institution as his chair term ends in May 2026.

Oil added another leg higher as traders tracked unrest in Iran and the risk of wider disruption, extending gains that have built over recent sessions on supply and geopolitics concerns.

For crypto, the key driver remains the same, the path of US inflation and rates.

Investors have broadly leaned into a 2026 easing narrative, and any CPI surprise that shifts those expectations tends to move Bitcoin quickly through liquidity, ETFs, and leverage positioning.