Market bloodbath today: Bitcoin's sorrow at $90,000, gold surges, and Thai stocks decline

WhaleStalker · 2026-01-15T12:33:01+00:00

Today's market insights focus on three key events: Bitcoin tests psychological resistance at $90,000 amid positive forecasts; gold emerges as a safe haven with a potential target of $5,000; and Thai Stocks decline sharply, led by a significant drop in DELTA shares impacting the SET Index.

WhaleStalker

2026-01-15 12:33:01

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Insights - Today’s Market Events to Watch for 3 Main Points

1. Bitcoin Tests the $90,000 Psychological Level: The Turning Point for the Cryptocurrency Market

The digital market is entering a critical phase, with Bitcoin retreating to test the important psychological level at $90,000 - $91,500. According to the latest update, BTC stands at $96.67K, up 1.62% in the past 24 hours.

However, leading financial institutions like Bernstein and Standard Chartered remain optimistic. They see this dip as merely a gathering of strength heading toward the “Tokenization Supercycle,” an era where real assets are converted into tokens on the blockchain, significantly expanding market value. It is expected that Bitcoin’s price target will reach $150,000 by 2026. Therefore, holding above $90,000 is a key level to monitor closely.

2. Gold: Short-Term or Genuine Growth? The $5,000 Target Is Within Reach

Amidst market turbulence, gold has emerged as a shining star, remaining in the $4,440 - $4,580 per ounce zone. The price has increased as investors shift their weight away from risky assets and seek safe havens amid concerns over global economic stability.

Major banks like HSBC have revised their target upward to $5,000 by the first half of 2026, as central banks worldwide continue to buy gold to reduce risks associated with holding US dollars. Gold has become an essential risk-hedging tool in today’s environment.

3. Thai Stock Market Bloodbath: DELTA Shares Drag SET Index Down 27.22 Points

The Thai market, represented by the SET Index, plunged sharply by 27.22 points, closing at 1,253.60 points. This is concerning, mainly due to a massive sell-off of DELTA shares, which fell over 12% after news of a large block sale at below-normal prices.

The real issue is that DELTA has a large proportion in the main stock exchange, and its decline exerted downward pressure on the index by 15 points. This is a warning sign of the Thai market’s fragility, still heavily reliant on a small number of stocks. Foreign investors have responded by net selling over 3,700 million baht.

While the global markets are playing a game of musical chairs, the Thai market must operate in a league of its own.

BTC-2,21%

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