The cryptocurrency market is showing positive momentum on January 6, 2026, with the total market capitalization increasing by 1.2% to $3.29 trillion. Notably, 97 of the top 100 coins appreciated over the past 24 hours, and total trading volume climbed to $139 billion.
Bitcoin (BTC) saw a 0.8% increase, trading at $93,583, while Ethereum (ETH) outperformed with a 1.8% rise to $3,228. Analysis from Glassnode indicates BTC is stabilizing within the $80,000–$95,000 range as momentum recovers and sell pressure eases. Bill Miller IV, CIO of Miller Value Partners, expressed optimism, stating he expects Bitcoin to "break out to a higher high than its all-time high from the fall."
Institutional interest appears strong, with U.S. spot Bitcoin ETFs recording $697.25 million in inflows on Monday, the highest since October 2025. BlackRock led with $372.47 million. Similarly, U.S. Ethereum ETFs posted $168.13 million in inflows. The crypto fear and greed index rose to 49, moving into neutral territory for the first time since October 2025.
Simultaneously, Fetch.ai (FET), part of the Artificial Superintelligence Alliance, experienced a significant surge, jumping 16.74% to trade at $0.28. The altcoin broke out of a prolonged descending channel, hitting a high of $0.29. This rally is attributed to a skyrocket in on-chain activity, with daily volume spiking 89% to $188 million. Santiment data shows FET's Price DAA Divergence remained positive for seven consecutive days, and Active Addresses reached a weekly high of 1.1k.
Increased network usage coincided with aggressive accumulation, as indicated by a negative Exchange Flow Balance of -47k, signaling higher outflows than inflows. This has increased scarcity, with the stock-to-flow ratio rising to 1.6k. Analysts suggest if this trend continues, FET could face its next resistance at $0.31, with a potential target at the long-term EMA200 of $0.44, provided it stays above the EMA50 support at $0.24.
