Trading

XRP trading activity surged, with 24-hour volume up 214% to $3.34 billion as the broader crypto market reeled from $745 million in liquidations. The token slipped to $1.80 on Sunday and touched $1.83 early Monday before stabilizing near $1.88, while ETF outflows and a negative MVRV reading underscored fragile sentiment ahead of the Federal Reserve meeting.

On January 23, 2026, ARK Invest executed its first crypto-linked equity trades of the year, purchasing Coinbase (COIN), Circle (CRCL), and Bullish (BLSH) shares for a total of $21.88 million. The firm acquired 42,179 COIN, 129,446 CRCL, and 88,533 BLSH, signaling continued conviction in crypto-exposed equities amid market volatility.

Bitcoin’s next all-time high now hinges on whether spot ETF demand turns persistent after sharp two-way flows. Net outflows totaled $1.29 billion from Dec. 15–31, 2025, with early January 2026 shedding $681 million, then a +$840.6 million day on Jan. 14 followed by roughly $1.32 billion of outflows across Jan. 20–23 ahead of the Jan. 27–28 FOMC meeting.

Chris Burniske, cofounder of Placeholder VC and former crypto lead at Ark Invest, has outlined several Bitcoin price regions where he would consider buying if the ongoing decline deepens, after gaining recognition for timing past cycle turning points. His reference zones span from the mid-$80,000s to the low-$50,000s, with specific levels such as around $80,000, $74,000, $70,000, $58,000 and $50,000 and below, while technician Aksel Kibar highlights technical support in the $73,700–$76,500 band as part of a broader base-building phase. At press time, Bitcoin was changing hands at $87,812.

As markets approach the January 28 FOMC meeting, futures pricing indicates around a 97% chance the Federal Reserve will keep the federal funds rate at 3.75%. Inflation near 3.0%, robust fourth-quarter growth and only modest labor market cooling support expectations for a pause, while rising political pressure and a 2026 leadership horizon add uncertainty to the longer-term rate path.

On 26 January 2026, Binance announced it will introduce a Tesla-linked TSLAUSDT perpetual futures contract, scheduled to go live on 28 January 2026 at 14:30 UTC. The instrument will mirror Tesla's Nasdaq share price, trade 24/7 with up to 5x leverage, settle in USDT and offer a minimum position size of 0.01 TSLA with a notional starting from 5 USDT.

Markets were on alert over the weekend after reports of New York Fed "rate checks" in USD/JPY, a move often seen as a precursor to coordinated action. Traders note that prior yen interventions coincided with roughly 30% Bitcoin drawdowns before rallies surpassing 100%. According to Alphractal, onchain metrics show no "true bottom" yet, with risks of another leg lower.

Coinbase is evaluating an equity investment in Coinone as the Korean exchange explores a partial sale of its controlling shareholder's stake. A local outlet said on Sunday that scenarios involve Chairman Cha Myung-hoon, who controls 53.44% via The One Group, while industry sources expect a Coinbase visit to South Korea this week.

Over the past eight days, Bitcoin has failed twice to break above the $94k local resistance, while its higher timeframe trend remains bearish despite a rebound from $84k over the last three weeks. On-chain data indicates a sharp drop in stablecoin inflows since August and mounting losses for short-term holders, yet some analysts suggest the current phase looks more like a stabilization period than a full crypto-winter.

Bitcoin has rebounded from $84,000 to near $93,000 and is consolidating around $91,400 as exchange selling pressure and whale deposits decline. On-chain metrics point to weakened short-term holder activity and a potential move toward the $98,700 resistance, with some traders eyeing the $102,000–$112,700 zone if momentum builds. Analysts describe the setup as fragile but improving, with macro policy expectations and subdued ETF inflows still shaping the next major breakout.