Daily Crypto Market Research and Trends (January 12, 2026)@wardenprotocol Key Sentiment. Bitcoin and Ethereum Bitcoin and Ethereum showed stability despite political and regulatory news. Bitcoin Price: Bitcoin was trading near $91,000 ahead of the CLARITY Act vote and near $91,400 amid the Powell probe news. Ethereum Staking: Institutional activity is increasing, with Bitmine increasing its ETH staking by 86,400 ETH ($266.3 million), bringing its total holdings to 1,080,512 ETH ($3.33 billion). This staking activity is compressing available sell side liquidity Regulatory and Political Developments Anticipation is building around key U.S. regulatory votes scheduled for mid January 2026, which are expected to shape the future of crypto market structure. CLARITY Act Vote: The U.S. Senate Banking Committee is scheduled to vote on the CLARITY Act on January 15, 2026. This bill aims to resolve regulatory ambiguity by granting the Commodity Futures Trading Commission (CFTC) exclusive jurisdiction over digital commodity spot markets, while the Securities and Exchange Commission (SEC) retains oversight of securities like offerings. Passage of the Act is expected to boost investor confidence and attract institutional capital. Stablecoin Restrictions: Coinbase is reportedly considering withdrawing support for the broader U.S. crypto market structure bill if it introduces restrictions on stablecoin rewards beyond enhanced disclosure requirements. Coinbase, which projects stablecoin revenue of $1.3 billion in 2025, opposes limiting stablecoin rewards only to regulated financial institutions. Federal Reserve Chair Probe: Despite an unprecedented criminal lawsuit filed by the Department of Justice against Federal Reserve Chairman Jerome Powell, crypto markets showed a muted reaction. Bitcoin rose 1.7% to $92,000, while prediction markets implied a low probability (8% by March 31) that Powell would step down. This situation reinforces Bitcoin's narrative as a "neutral" asset against politically influenced monetary policy. Ethereum Price and Leverage: Ethereum's price is structurally stabilized but stalled below the $3,307 resistance level. Derivatives leverage is high, with funding rates surging 66.12% to 0.01275, indicating aggressive long positioning.