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Crypto Market Update: Major Moves and Regulatory Developments
Major cryptocurrencies see gains as regulatory actions and market developments unfold, with Bitcoin hitting $92,000 and new legislation proposed in the U.S. Senate.
Mercation Admin
January 14, 2026 1 min read
Major cryptocurrencies are experiencing upward momentum, with Bitcoin rising by 1.5% to reach $92,000, Ethereum increasing by 1% to $3,130, Solana climbing by 2% to $142, and XRP gaining 1% to $2.06. Notable performers include DASH, which surged by 60%, IP, which increased by 30%, and Monero (XMR), which rose by 13%, reaching a new all-time high (ATH) of $680 before settling at $640.
In precious metals, both Gold and Silver have achieved new all-time highs amidst the ongoing Powell investigation. Meanwhile, the U.S. Senate has introduced a draft of the Crypto Market Clarity Act, which proposes restrictions on stablecoin rewards. Senator Elizabeth Warren has urged the SEC to address the inclusion of cryptocurrencies in 401(k) plans, expressing concerns about the potential risks to retirees.
Vitalik Buterin has emphasized the necessity for improved decentralized stablecoins, highlighting issues related to governance capture and inflation. Additionally, World Liberty Financial has rolled out a crypto lending platform centered around its USD1 stablecoin, which has attracted approximately $20 million in funding.
In the realm of finance, BitGo has submitted plans for a U.S. IPO, aiming for a valuation around $2 billion as its custody assets have surpassed $100 billion. However, Tennessee regulators have ordered Polymarket, Kalshi, and Crypto.com to cease operations of their sports prediction markets and refund users, marking a significant escalation in a multi-state legal battle.