Bitcoin Tests Ninety Thousand Support as Senate Crypto Bill Faces Final Hurdles

Chain Reaction by Capital Copilot · Jan 8, 2026 · 3m · transcript

Bitcoin pulls back to around ninety thousand dollars as the early 2026 rally shows signs of cooling, while the U.S. Senate prepares for a critical markup vote on comprehensive crypto market structure legislation scheduled for January 15th. Morgan Stanley signals major institutional expansion with filings for Bitcoin, Ethereum, and Solana ETFs, and Trump-linked World Liberty Financial applies for federal banking charter to issue USD1 stablecoin. Meanwhile, privacy coins surge amid regulatory scrutiny, and cryptocurrency credit markets mature to resemble traditional finance products. We break…