New York, Jan 6, 2026, 17:31 (EST) — After-hours
Bitcoin fell 1.2% to $93,112 on Tuesday after trading between $91,409 and $94,346, while U.S.-listed crypto-linked stocks were mixed in after-hours trading. Strategy slid 4.1% and Coinbase fell 1.7%, while Marathon Digital dropped 2.6% and Riot Platforms rose 1.3%. BlackRock’s iShares Bitcoin Trust and Fidelity’s FBTC fell 1.9% and 1.8%, respectively.
Morgan Stanley filed with the U.S. Securities and Exchange Commission to launch exchange-traded funds — portfolios that trade like stocks — linked to bitcoin and solana, deepening a major U.S. bank’s push into digital assets. “A bank entering the crypto ETF market adds legitimacy to it,” said Bryan Armour, an ETF analyst at Morningstar. Reuters
Strategy, formerly MicroStrategy, disclosed a $17.44 billion unrealized loss on its digital assets in the fourth quarter — a paper loss tied to swings in the market value of its bitcoin holdings. The company said it held $2.25 billion of U.S. dollar reserves as of Jan. 4 to support preferred dividends and interest payments. Reuters
The new filings and disclosures land after a sharp early-year rebound in crypto-linked equities during regular trading. On Monday, bitcoin hit a more than three-week high, with Coinbase up 7.8% and Strategy rising almost 5% after Goldman Sachs upgraded Coinbase to “buy.” Reuters
ETF flows have also become a key barometer for bitcoin demand. U.S. spot bitcoin ETFs — funds that hold the token directly — drew $697.2 million of net inflows on Jan. 5, led by BlackRock’s iShares Bitcoin Trust at $372.5 million and Fidelity’s fund at $191.2 million, data from Farside Investors showed. Farside
Some traders are focusing on nearby chart levels as bitcoin churns in a tight range. “The best-case scenario involves BTC holding the $93K–$94K range and gradually testing the $95K resistance zone,” CoinSwitch Markets Desk said. The Economic Times
Still, crypto remains sensitive to rate and geopolitical shocks, and the path has been volatile since bitcoin’s 2025 highs. Investors have to contend with policy uncertainty and the risk that risk-off trading returns quickly, which can hit bitcoin and the stocks that track it. Reuters
The next test comes from U.S. macro data that can swing rate bets and broader risk appetite. The Labor Department is set to release the December employment report on Jan. 9, followed by the December consumer price index on Jan. 13. bls.gov
