Why Is the crypto market surging today? Bitcoin defends $90,000 & Gold hits ATH!

Crypto market is booming! Bitcoin holds $90,000 while Gold hits an All-Time High. Discover the key drivers behind today's explosive gains.

Written by Simon Dumoulin

Translated on January 23, 2026 at 11:54 by Simon Dumoulin

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Bitcoin (BTC) Defends the $90,000 Level

After a week dominated by extreme fear sentiment, Bitcoin finally manages to stabilize around the $90,000 mark, a crucial technical level for the market. This rebound comes as gold hits a new ATH, reinforcing the notion of a massive return to safe-haven assets amid macroeconomic tensions and sovereign debt concerns.

This dynamic fuels the thesis of Bitcoin as “digital gold”, increasingly adopted by institutional investors. On the technical front, the rejection below $88,000 triggered a partial short squeeze, relieving selling pressure. A close above $91,500 would logically pave the way toward the $95,000 resistance.

However, the market remains fragile. To confirm a sustainable reversal, BTC will need to invalidate the lower highs structure established since the beginning of the month. The weekly close will be decisive in assessing the strength of this rebound.

Price analysis chart of Bitcoin (BTC) showing the defense of the $90,000 support level, the recent consolidation phase, and the main short-term resistance zones.

LayerZero (ZRO) Explodes by +17%: Simple Pump or Strong Signal?

While Bitcoin consolidates, LayerZero (ZRO) captures all the attention with a surge of over 17% in a single day. This impressive move is primarily explained by the smooth absorption of a major token unlock, where the market had anticipated a massive dump.

This resilience surprised traders and suggests solid demand, potentially institutional. Meanwhile, the recent integration with Starknet strengthens LayerZero’s position as a key player in cross-chain interoperability, a highly sought-after narrative in the current cycle.

Despite this positive momentum, caution remains warranted. As long as Bitcoin doesn’t confirm a macro reversal, explosive moves on altcoins may remain vulnerable. The question remains: are we witnessing the restart of the Bull Run, or a final impulse before another test of support levels?

Price analysis chart of LayerZero (ZRO) showing a strong bullish impulse, rising trading volumes, and the key short-term support and resistance levels.

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Simon Dumoulin

Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.

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