Crypto Market Enters Consolidation Phase Amid Macroeconomic Uncertainty

Bitcoin Price Movement

The cryptocurrency market is currently experiencing a period of limited movement as investors adopt a cautious stance. Bitcoin (BTC), the leading cryptocurrency, has seen a 2.60% decline over the past week, settling at US$90,437.62 as of January 12, 2026 ¹

Market Sentiment and Investor Behavior

Fyqieh Fachrur, an analyst at Tokocrypto, attributes the recent decline not to fundamental crypto issues but to a combination of global market sentiment and investor caution. The market had previously approached the US$94,000 level before entering the current profit-taking phase. Investors are now waiting for clarity on upcoming macroeconomic data, particularly the US Consumer Price Index (CPI) scheduled for release on January 13, 2026.

Technical and Fundamental Analysis

The slight decline in Bitcoin's price is seen more as a reflection of investors' cautious stance rather than a significant weakening signal. According to Fyqieh, this period of consolidation is normal market behavior as investors await key economic indicators. The cryptocurrency market's sensitivity to macroeconomic data, especially US inflation figures, continues to influence investor decisions and market dynamics.