NEW YORK, Jan 9, 2026, 06:30 (EST) — Premarket
- Bitcoin rose 0.4% to about $90,462 after swinging below $90,000 overnight.
- U.S. spot bitcoin ETFs logged roughly $885 million of net withdrawals over the last two sessions, data showed.
- Crypto-linked stocks were mixed in premarket trade, with Strategy up and Coinbase little changed.
Bitcoin steadied near $90,000 on Friday, edging higher in early U.S. trade, while crypto-linked stocks split in the premarket. Coinbase Global dipped 0.1% and Strategy rose 3.2%, with miners Marathon Digital up 3.7% and Riot Platforms down about 1%.
The key near-term driver is still flows, not slogans. U.S. spot bitcoin ETFs — funds that hold bitcoin and trade like stocks — saw net outflows of $486.1 million on Jan. 7 and $398.8 million on Jan. 8, led by BlackRock’s IBIT and Fidelity’s FBTC, Farside Investors data showed. (Farside Investors)
Investors are also bracing for macro news that can jolt rate bets and the dollar, both of which tend to spill into crypto. Reuters polling shows economists expect U.S. payrolls to rise 60,000 in December and the unemployment rate to ease to 4.5%, while stock index futures were subdued ahead of the report and a Supreme Court tariff ruling. (Reuters)
Federal Reserve Governor Stephen Miran said on Thursday he was looking for about 150 basis points of rate cuts this year, arguing underlying inflation was running close to the Fed’s target. “I’m looking for about a point and a half of cuts,” Miran said in an interview. (Reuters)
Strategy, which investors use as a liquid proxy for bitcoin exposure, has drawn extra attention after index provider MSCI shelved a plan to exclude some crypto-treasury firms from its indexes. The move “removes a material near-term technical risk” for a slice of bitcoin-proxy equities, Owen Lau, an analyst at Clear Street, wrote. (Reuters)
But the setup is fragile. If the jobs data comes in hotter than expected, traders could push yields higher and lean into the dollar, a mix that often pressures assets that do not pay interest — including bitcoin — and can revive selling around the $90,000 level.
