{"id":124414,"date":"2026-01-03T09:24:06","date_gmt":"2026-01-03T09:24:06","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=124414"},"modified":"2026-01-03T09:24:06","modified_gmt":"2026-01-03T09:24:06","slug":"crypto-market-news-today-january-3-bitcoin-dominance-drops-under-60-as-whale-opened-big-ethereum-long-betting-on-price-pump","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=124414","title":{"rendered":"Crypto Market News Today, January 3: Bitcoin Dominance Drops Under 60% as Whale Opened Big Ethereum Long, Betting on Price Pump"},"content":{"rendered":"

Just as we talked about why crypto could pump big this 2026 yesterday<\/a>, Bitcoin price pushed up toward $90,000, while alts like Ethereum and XRP outperformed as BTC dominance slips under 60%. This somehow caught us off guard, especially after weeks of bearish sentiment heading into January.<\/p>\n

Refusing a breakdown, the market is running higher. Bitcoin jumped with 1% price gain, Ethereum with around 3%, and altcoins followed. XRP rallied close to 6%, easily beating major alts\u2019 daily gains, and sentiment flipped a little after yesterday\u2019s options expiry cleared the board.<\/p>\n

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Crypto Fear and Greed Index<\/h4>\n
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Market Sentiment<\/div>\n
\n\t\t\t\t\tNow 37.34 Fear<\/span>\n\t\t\t\t<\/div>\n
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\n\t\t\t\t\tLast week 33.26 Fear<\/span>\n\t\t\t\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Bitcoin Dominance and Price Steady as Rotation Begins<\/h2>\n

At around 59%, Bitcoin dominance shows a start of a heavy rotation, just like popping popcorn. Capital is moving, Bitcoin price remains elevated, blasting $90,000, as we track a CME gap above the resistance level, which has a strong historical tendency to get filled.<\/p>\n\n

(source \u2013 BTC USD, CME gap, TradingView<\/strong><\/a>)<\/p>\n

Despite dominance slipping, Bitcoin stays resilient. On a weekly basis, it climbed by 2.5%, while the winner of last year, gold, slid more than 4% after peaking near $4,550. That divergence is the perfect example of rotation narrative as some capital is shifting from traditional hedges toward digital assets.<\/p>\n

Liquidity conditions also helped. The Federal Reserve injected nearly $19.5 billion through repo operations, one of the largest such moves since the Covid era. These injections might not grab headlines, but they support risk assets in the background, as can be seen in Bitcoin price action.<\/p>\n

BREAKING: Fed just pumped another $19.5 Billion into the U.S. Banking System through overnight repos. <\/p>\n

Something big is going on in the background. pic.twitter.com\/rxcKOTJxtS<\/a><\/p>\n

\u2014 Ash Crypto (@AshCrypto) January 2, 2026<\/a><\/p>\n\n

DISCOVER:\u00a010+ Next Crypto to 100X In 2026<\/a><\/strong><\/p>\n

Ethereum Price Takes the Spotlight as Whale Places Massive Bet<\/h2>\n

A single whale (whom the community called an insider whale with a good hit rate) opened long positions worth more than $600 million in ETH, far outweighing exposure to Bitcoin price and Solana combined. The scale alone raised eyebrows, but the timing was perfect, as usual. With over 203,000 ETH in play, the bet implies expectations of further upside.<\/p>\n\n

(source- Hyperliquid<\/strong><\/a>)<\/p>\n

The Ethereum price held above $3,100, supported by good volume and volatility. ETH is leading this transition phase and benefited first from the market as Bitcoin dominance drifts lower. XRP followed with solid gains, and the altcoins\u2019 market showed signs of life yet again.<\/p>\n

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