Gate Research: Crypto Market Extends Uptrend | Ethereum Staking Queue Surpasses 2.17 Million ETH

• Market Overview: Bitcoin is showing a short-term range-bound upward trend, signaling a gradual recovery in market sentiment and investor confidence. A decisive breakout above the upper boundary of the wedge, along with a sustained move above the $94,000 level and key moving averages, would be viewed as an important confirmation of a new bullish phase. Ethereum continues to hold firmly above $3,000, with its broader uptrend remaining intact.
• Trending Tokens: DOLO surged over 55% following news that WLFI launched a lending market powered by Dolomite. Dusk gained more than 28%, reflecting positive momentum from the DuskDS Layer-1 upgrade. Meanwhile, after excessive selling triggered by the DFSA’s ban on privacy coins including Dash, capital has recently begun to accumulate, pushing DASH up around 18%.
• Alpha Insights: The amount of ETH queued to join the Ethereum PoS network has climbed to 2,170,452 ETH, valued at approximately $6.74 billion, underscoring strong market confidence in Ethereum’s long-term staking yields and network security. The current period represents a critical window for the passage of the Clarity Act; failure to reach consensus could raise the risk of delays or outright failure. Meanwhile, crypto asset custodian BitGo has filed for an IPO, seeking to raise up to $201 million.

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Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
January 13, 2026

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