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Bitcoin Price Today: Positive Crypto Market Sentiment Helps Bitcoin Reclaim $90,000 Level

Bitcoin Price Today: Positive Crypto Market Sentiment Helps Bitcoin Reclaim $90,000 Level

Bitcoin regains momentum as easing tariff fears lift market confidence.

Written by Rahul Dhingra, Edited by David Delima | Updated: 22 January 2026 13:44 IST

Bitcoin Price Today: Positive Crypto Market Sentiment Helps Bitcoin Reclaim $90,000 Level

Photo Credit: Unsplash/Kanchanara

Bitcoin trades higher as global risk sentiment improves

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Highlights

Bitcoin reclaims $90,000 after tariff-related uncertainty eases
Ethereum stabilises above $3,000 amid broader market rebound
Analysts flag key resistance near $94,300 for Bitcoin

Bitcoin traded near $90,000 (roughly Rs. 82.4 lakh) on Thursday, as the cryptocurrency market regained momentum following easing tariff-related uncertainty. Analysts said investor confidence improved after the US signalled progress on a Greenland-related framework, reducing near-term trade risks for Europe. Ethereum (ETH) stabilised above the $3,000 (roughly Rs. 2.76 lakh) mark, reflecting a broader risk-on tone across global markets. Bitcoin is currently priced around Rs. 82.5 lakh in India, while Ethereum trades near Rs. 2.76 lakh, as per today's Gadgets 360 price tracker.

Market players claim that the recovery follows a slight risk-on rebound driven by US President Donald Trump's softening stance on tariffs on Greenland. This relief rally followed the US President's announcement of a framework for a future agreement with NATO, which led to increases in stocks and a decrease in safe-haven assets. However, experts cautioned that the easing of tensions could prove temporary, keeping overall sentiment in “extreme fear” territory and limiting aggressive upside moves in crypto markets.

Improving Macro Signals Support Market Recovery

Altcoins traded mixed on Thursday. Binance Coin (BNB) was priced around $890.48 (roughly Rs. 81,620), while Solana (SOL) traded near $130.21 (roughly Rs. 11,925). XRP hovered around $1.95 (roughly Rs. 179), and Dogecoin (DOGE) was trading close to $0.1267 (roughly Rs. 11.60).

Bitcoin Trades Sideways as US Inflation Concerns Weigh on Sentiment

Explaining the current market setup, Akshat Siddhant, Lead Quant Analyst at Mudrex, said, “On-chain trends also point to accumulation, with mid-sized Bitcoin holders adding around 36,300 BTC over the past nine days. Further support came from indications that a US crypto market structure bill is nearing completion. For Bitcoin, resistance is seen near $94,300 (roughly Rs. 86.4 lakh), while $88,200 (roughly Rs. 80.8 lakh) remains a strong support area.”

Sharing his view on market structure, Nischal Shetty, Founder of WazirX, said, “Over the last 24 hours, crypto markets have closely aligned with global macro signals, underscoring how price action is increasingly shaped by broader risk sentiment. Along with other large-cap cryptos, Bitcoin is moving through a consolidation phase as participants reassess liquidity conditions, positioning, and the evolving macro backdrop.”

Commenting on the technical outlook, Riya Sehgal, Research Analyst at Delta Exchange, said, “The relief rally followed Trump's announcement of a framework of a future deal with NATO, prompting gains in equities and a pullback in safe havens. However, concerns remain that the easing of tensions may be temporary, keeping market sentiment in ‘extreme fear' territory [...] Overall, traders are watching for confirmation of a base amidst heavy liquidations and macro uncertainty.”

Overall, analysts said crypto markets are showing early signs of stabilisation as macro tensions ease and on-chain accumulation picks up. Bitcoin's ability to hold above the $88,200 (roughly Rs. 80.8 lakh) support zone and challenge resistance near $94,300 (roughly Rs. 86.4 lakh) will remain central to near-term direction. Meanwhile, Ethereum's hold above $3,000 (roughly Rs. 2.7 lakh) is seen as supportive for broader sentiment, while altcoins are expected to stay volatile as investors track global policy cues.

Cryptocurrency is an unregulated digital currency, not a legal tender and subject to market risks. The information provided in the article is not intended to be and does not constitute financial advice, trading advice or any other advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not be responsible for any loss arising from any investment based on any perceived recommendation, forecast or any other information contained in the article.

Cryptocurrency Prices across Indian exchanges

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Rahul Dhingra

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Rahul Dhingra is a crypto writer at Gadgets 360, where he covers the exciting world of Cryptocurrency, Blockchain, Defi and Web3. Before joining Gadgets 360, he worked as a content specialist for a European-based Crypto Exchange. Rahul loves storytelling, not just through the written word but also through the visual medium. Beyond his professional life, Rahul is a sports fanatic. Whether it’s cricket or football, his passion for the game is contagious. More