Bitcoin is fluctuating near $90,500 after pulling back from late‑2025 highs, with buyers defending dips and sellers capping gains below key resistance zones. Price action around $90,000–$92,650 is unfolding as a criminal investigation into Fed Chair Jerome Powell and political tension over interest‑rate policy add uncertainty ahead of the 28 January FOMC meeting. Technical readings show compressed trading ranges and mixed signals, with some indicators pointing to short‑term caution but others suggesting a possible breakout if $94,000 is cleared.

On January 12, 2026, Whale Alert flagged a transfer of 80,000 ETH (249,199,882 USD) from Binance to a Binance Beacon Deposit address. The destination is typically associated with staking activity, and the move arrives amid elevated staking queues plus recent increases in ETH trading volume and a modest 0.1% daily price gain.

Federal Reserve Chair Jerome Powell said in a January 12, 2026 video that the DOJ served the Fed grand jury subpoenas linked to his June 2025 Senate testimony on a $2.5 billion headquarters renovation. Early market moves saw U.S. equity futures soften, gold and silver spike, and Bitcoin approach $92,000 before easing to $90,000.

BitGo Holdings filed a Form S-1 with the US Securities and Exchange Commission, launching a US IPO of its Class A common stock. The crypto custody firm plans to offer about 11.8 million shares at $15 to $17 each, seeking to raise up to $201 million and valuing the company at as much as $1.96 billion, with over $90 billion in assets under custody.

On 12 January 2026, Miami-based World Liberty Financial, which lists Donald Trump as co-founder emeritus, launched its World Liberty Markets lending and borrowing venue to deepen usage of its USD1 stablecoin. The platform supports USD1 alongside WLFI, Ether, tokenized Bitcoin, USDT and USDC, and is built on Dolomite's DeFi infrastructure to let users lend assets or borrow against collateral. Company executives also outlined plans for tokenized real-world assets, a mobile app, a debit card and a potential US bank charter to broaden USD1's role in both crypto and traditional finance.

Late on Sunday, Federal Reserve chair Jerome Powell said he is facing a criminal investigation over allegations he misled Congress about renovation work at the central bank’s Washington DC headquarters. He argues the probe is really about his refusal to follow Donald Trump’s calls for faster interest rate cuts, raising doubts over the Fed’s independence and what this could mean for financial markets and Bitcoin.

Corporate Bitcoin investor Strategy purchased 13,627 BTC last week for $1.25 billion, marking its largest buy since July 2025 and pushing its holdings to 687,410 BTC. The coins were acquired at an average price of $91,519, funded mainly through at-the-market equity programs using MSTR common stock and STRC preferred shares.

According to the Dubai Financial Services Authority, revised crypto rules taking effect on January 12 ban privacy coins and anonymity tools, including mixers, in or from the DIFC. The framework narrows "fiat crypto token" status to fiat-pegged, reserve-backed assets and shifts token‑listing accountability from a regulator-maintained list to licensed firms.