NEW YORK, Jan 13, 2026, 17:02 ET — After-hours
- Bitcoin climbed 3.2% to hit $94,074; Coinbase shares jumped 4%, while Strategy surged 6.7% in late trading
- A Senate draft bill aims to establish crypto market regulations in the U.S., assigning spot market oversight to the CFTC; committee discussion is scheduled for Thursday
- Strategy revealed a $1.25 billion bitcoin purchase, and crypto custodian BitGo announced terms for a U.S. IPO
Bitcoin jumped over 3% on Tuesday, with bitcoin-related stocks also moving higher after hours. The gains came as investors reacted to new U.S. inflation figures and renewed momentum in Washington toward crypto market regulation. Bitcoin last traded up 3.2% at $94,074. Coinbase Global shares rose 4%, while Strategy climbed 6.7% in late trading.
U.S. consumer prices rose as expected in December, a move that keeps the Federal Reserve set to pause rate hikes this month while leaving the door open for cuts later if inflation remains in check. “Families may not closely track core inflation, but they see grocery prices and restaurant costs immediately,” noted Sung Won Sohn, a finance and economics professor at Loyola Marymount University. Reuters
U.S. senators have introduced draft legislation aimed at clarifying when crypto tokens qualify as securities or commodities. The bill would also grant the Commodity Futures Trading Commission oversight of spot crypto markets, where tokens are traded for immediate settlement. “What is threatening progress … is the relentless pressure campaign by the Big Banks,” said Summer Mersinger, CEO of the Blockchain Association, highlighting the clash between banks and crypto firms over stablecoin rules. Reuters
Timing is crucial for traders. Bitcoin has behaved like a risk asset lately, reacting to changes in rate expectations and appetite for volatile bets. Tuesday’s CPI data cooled some of the pressure on rates.
Crypto-linked stocks followed the rally in bitcoin. Coinbase stands out as a key public proxy for U.S. crypto trading, while Strategy’s shares tend to exaggerate bitcoin’s moves due to its substantial token stash and dependence on capital markets to finance buys.
A regulatory filing revealed Strategy acquired 13,627 bitcoin between Jan. 5 and Jan. 11, paying $1.247 billion at an average of $91,519 each. That raised its total holdings to 687,410 bitcoin. The company said it financed these purchases through proceeds from selling its shares and preferred stock via an at-the-market program, which allows gradual stock sales into the market.
Bitcoin exchange-traded funds climbed as well. The iShares Bitcoin Trust ETF, which holds bitcoin but trades like a stock, jumped 3.4% in late trading. It provides equity investors a more liquid option to gain bitcoin exposure without actually owning the token.
Crypto capital markets grabbed attention Monday when BitGo announced plans for a U.S. IPO aiming for a valuation near $1.96 billion, with hopes to raise up to $201 million.
That said, the upside scenario isn’t set in stone. The Senate bill could be altered by amendments or even hit a dead end. Bitcoin’s surge could reverse just as fast if interest rates climb or if the policy battle drags on between regulators, banks, and the crypto sector.
Investors are now focused on whether bitcoin can stay above the $90,000 mark, with attention pivoting from inflation figures to the Fed’s policy meeting scheduled for Jan. 27-28.
Related articles: NASDAQ:MSTR
