Bitcoin Struggles to Maintain Above $95,000 Amidst Anticipation of US Cryptocurrency Legislation
The leading cryptocurrency, Bitcoin, has been struggling to maintain its position above $95,000. Investors are eagerly awaiting updates on the postponed cryptocurrency legislation in the United States.
Bitcoin’s Weakness Sparks Opportunity for Investors
The current instability of Bitcoin has triggered a wave of opportunity purchases. Millionaires and investors are placing their bets, hoping to capitalize on the situation. However, Bitcoin’s stagnation at $95,000, coupled with the delayed cryptocurrency legislation in the US, is hindering its growth.
Current Cryptocurrency Market Status
Cryptocurrencies are showing mixed performance as of Monday, January 19, 2026. The market is closely watching the postponed US cryptocurrency legislation and President Donald Trump’s tariff measures on Greenland. Bitcoin (BTC) remains relatively stable around $92,500, according to Binance.
Meanwhile, Ethereum (ETH) has seen a slight decrease of 0.7%, positioning it around $3,180. Among the altcoins, Tron’s loss of 1.4% and Hedera Hashgraph’s gain of 3.5% are noteworthy.
Trump’s Tariff Measures Impact Bitcoin
Following his military incursion into Venezuela at the beginning of 2026, Donald Trump has announced that he will impose import tariffs of up to 25% on several major European countries, including Denmark, France, and the UK. This will continue until an agreement is reached to hand over Greenland to Washington.
The move by the US President has been rejected by European leaders, with France preparing to execute economic measures in retaliation. Trump has repeatedly demanded Greenland for national security reasons and has not ruled out the possibility of military action in the Danish territory.
Trump’s tariff threats have reduced the risk appetite necessary for investing in speculative assets, with gold surpassing cryptocurrencies. In this climate, cryptocurrency markets have seen $869.5 million in liquidated positions over the last 24 hours.
US Cryptocurrency Legislation Delayed
Adding to the situation is the postponed cryptocurrency law, which was intended to establish a US regulatory framework for the cryptocurrency industry. The delay was requested by Coinbase.
“In the last 24 hours, the adjustment hit leveraged investors hard, with nearly $800 million in long positions liquidated due to lack of margin. This movement helped to eliminate the market’s excess optimistic leverage,” explained Carolina Gama, country manager of Bitget.
She further highlighted that in the short term, “the market’s attention is focused on price levels. Bitcoin’s ability to stay above the last seven days’ low, around $92,284, will be key.”
“Despite short-term volatility, data on the behavior of large and small investors remains constructive. This shows that, even in a global uncertainty environment, they continue to see value at current price levels, which tends to help sustain the market over time,” she concluded.
