2026-01-14 03:23:24

Bitcoin recently broke through the $96,000 mark, with the price once climbing to $96,240, hitting a nearly two-month high. This rally was mainly driven by improved US inflation data and short covering, and the entire altcoin sector also followed suit. Many analysts believe that Bitcoin is likely to surge back above $100,000 in the short term.

In addition to BTC's impressive performance, good news also came from the Ethereum ecosystem—wallet creation numbers hit a new all-time high, directly reflecting a significant increase in user activity and continued ecosystem enthusiasm.

Another noteworthy phenomenon is that silver prices hit a record high, approaching $90. Market participants speculate that there may be a correlation between precious metals and cryptocurrencies, and mainstream cryptocurrencies like Bitcoin could benefit from the re-pricing of risk assets driven by the rise in precious metals.

BTC1,41%

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SocialAnxietyStaker

· 01-14 03:37

96k already? This short squeeze should have happened like this, it was long overdue Can we stop messing around before hitting 100k, just go straight up ETH wallet hits a new high, indicating some people still believe, I’m different haha Silver also rising? Then I better buy some precious metals at a higher price, feels like they are really moving together Relying on improved inflation data to push the market up, next time a bad data comes out, it will drop again... Can staking really make money? Seeing you all happy makes me wonder

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0xDreamChaser

· 01-14 03:35

Nobody is talking about 96k? Wait until it truly breaks 100k before calling me, right now it's just a rebound. It's just short covering pushing the price up, but what about the real trading volume? I believe in the new high of the wallet, but what are new users really doing? I've heard the gold and silver linkage explanation too many times, it just seems like an excuse. Short-term push to 100k? Just hype, let's see the medium to long term. There are no substantial positive factors behind this round of rally, purely technical. Altcoins rallying in tandem? That's a typical bubble pattern.

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GasWaster

· 01-14 03:30

96k is still just talk on paper, let's wait until we really stabilize at 100k before saying anything ETH wallet new high? Why do I feel like half of them are just for fun... Silver rising, precious metals linked? That logic is a bit shaky, Bitcoin isn't a precious metal Anyone can follow the trend and pump altcoins, but what's next? Just short covering, don't get too excited

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OnChainArchaeologist

· 01-14 03:27

It's already at 96,000 and still talking about 100,000. Can this wave break through, brothers? Wait, silver is also hitting a new high? The link between precious metals and the crypto circle, let's forget about that. I believe Ethereum wallets are hitting new highs, but the ecosystem's heat... just look at the current transaction fees on the mainnet. Be cautious with this short covering wave; a rebound crashing down would be even more painful. Here we go again, "Expected to hit 100k," this kind of analyst rhetoric is everywhere. Altcoins are rallying in tandem; those that doubled earlier should have been held onto. Is this really different this time? I’m starting to doubt more and more. Breaking 96k feels less exciting than I imagined, totally numb, really. How do precious metals relate to the crypto circle? I think it's purely a coincidence. If improving inflation data can push BTC higher, then why haven't all those previous data points been effective?

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