Daily market highlights and trend analysis, produced by PANews.
1. Market Observations
With the U.S. market closed for Martin Luther King Jr. Day, the focus of global markets has shifted to geopolitical tensions. U.S. President Trump announced that, in an effort to push for the acquisition of Greenland, a 10% tariff will be imposed on eight European countries, including Denmark and Norway, starting from February 1, with plans to increase the rate to 25% by June 1. Trump stated that the tariffs would remain in effect until an agreement for the “complete acquisition of Greenland” is reached. This move has drawn strong condemnation from multiple European countries, who described it as “extortion,” and threatened retaliatory measures, fueling market concerns over a new round of trade wars and rapidly escalating risk aversion. As a result, spot gold prices surged over 2% intraday, hitting a record high of $4,690 per ounce. Spot silver also saw gains exceeding 4% at one point, reaching a new all-time high of $94 per ounce. Michael Hartnett, Chief Investment Strategist at Bank of America, believes that Trump is driving global fiscal expansion, creating a “New World Order = New World Bull Market.” He predicts that the bull markets for gold and silver will continue, with gold’s long-term target potentially surpassing $6,000. However, the biggest risk lies in the rapid appreciation of the yen, won, and new Taiwan dollar, which could trigger a global liquidity crunch. Looking ahead, market attention will focus on the upcoming U.S. Senate vote on the cryptocurrency market structure bill and the Supreme Court’s ruling on the legality of Trump’s use of emergency powers to impose tariffs—both of which are key variables that could influence market direction.
Bitcoin has declined for five consecutive days after failing to break through $98,000, dropping below the $92,000 level this morning and hitting a low of $91,910. Altcoin Sherpa noted that the macroeconomic environment is having a significant negative impact on the cryptocurrency market, suggesting that Bitcoin may test the lower end of the $85,000 range. If no reversal occurs in the coming days, the $80,000 range could become the next target. Doctor Profit maintains that Bitcoin has entered a bear market since its peak between $115,000 and $125,000, and the current consolidation is merely a continuation of the downtrend, with the ultimate target expected to fall below $80,000. Mister Crypto warned that a drop to $77,000 could trigger $18 billion worth of long liquidations.
However, on-chain data and technical analysts remain optimistic. Murphy pointed out that although the scale of short-term holders exiting at a loss is approaching panic levels, and there has been an increase in long-term holders transferring funds to exchanges, this could be part of the process for setting up the next upward movement. Cryptoquant analyst DarkFrost added that selling pressure from OG holders has significantly decreased, with $101,000 being the key cost resistance for long-term holders, while $81,700 serves as strong support. From a technical perspective, Astronomer believes that a higher low is forming near $92,200, maintaining a bullish outlook. Sykodelic took a long position near $92,300, targeting $100,000. Man of Bitcoin noted that as long as the critical support zone (e.g., $92,992) holds, Bitcoin can form another high. However, World Of Charts warned that if support fails, Bitcoin could retreat to the $88,000-$89,000 range.
Ethereum followed the broader market lower, breaking below $3,200 as sentiment oscillated between technical bullishness and fundamental weakness. Ali Charts analyzed that ETH is nearing the end of a triangular consolidation pattern on the daily chart and must hold above the $3,085 support level. A breakout above $3,400 could lead to a rally toward $3,660 or even $4,000. Glassnode data shows a recovery in on-chain activity, with active addresses doubling and ETFs accumulating approximately $520 million since the end of December. Vivek Raman and Danny Ryan, co-founders of Etherealize, are long-term bullish, predicting that Ethereum could reach $15,000 by the end of 2026. CyrilXBT also believes that the ETH/BTC exchange rate is forming a bottom, with long-term support remaining intact. However, short-term risks persist, as Cointelegraph reported that declining DApp activity and reduced fees have led professional traders to adopt a neutral-to-bearish stance, with the derivatives market lacking bullish momentum.
In response to the complex market environment, renowned trader Eugene revealed that he has liquidated his altcoin long positions, opting instead to hold core Bitcoin positions and a significant amount of cash. While the broader altcoin market has seen widespread declines, the privacy sector remains resilient. Following Monero (XMR) hitting a new all-time high of $800 and DASH reaching a two-month high of $96, DUSK surged over 70% in the past 24 hours, with monthly gains exceeding 360%. Among DeFi projects, FXS garnered attention after completing a 1:1 conversion to FRAX as part of its rebranding on January 15, posting a 24-hour gain of over 30%. In the meme coin sector, FROG, the personal token launched by the founder of Wagyu, experienced a rollercoaster in market capitalization, dropping from $220 million to $35 million, with claims that Fwog.fun aims to surpass competitors like Pump.fun.
2. Key Data (as of 13:00 HKT on January 19)
(Data Sources: CoinAnk, Upbit, SoSoValue, CoinMarketCap)
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Bitcoin: $92,527.2 (YTD +5.5%), daily spot trading volume $37.33 billion
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Ethereum: $3,280.38 (YTD +7.6%), daily spot trading volume $25.28 billion
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Fear & Greed Index: 49 (Neutral)
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Average GAS: BTC: 1.75 sat/vB, ETH: 0.02 Gwei
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Market Dominance: BTC 59.1%, ETH 12.4%
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Upbit 24-hour trading volume ranking: XRP, AXS, BTC, BERA, ME
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24-hour BTC long/short ratio: 48.80% / 51.20%
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Sector performance: Broad declines in the cryptocurrency market, with the GameFi sector down over 8%
24-hour liquidation data: A total of 215,001 people globally were liquidated, with a total liquidation amount of $809 million, including $213 million for BTC, $139 million for ETH, and $37.58 million for XRP
3. ETF flows (as of January 16)
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Bitcoin ETF: Net inflow of $1.42 billion last week
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Ethereum ETF: Net inflow of $479 million last week
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XRP ETF: Net inflow of $56.83 million last week
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Solana ETF: Net inflow of $46.88 million last week
4. Today’s Outlook
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Binance Alpha will list Acurast (ACU) on January 20.
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Binance Wallet plans to launch the SENT Pre-TGE Prime Sale event on January 19
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Trove shifts to rebuild DEX on Solana, with the TROVE token launch postponed to January 19.
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MANTRA: Token ticker change and a 1:4 token split scheduled for January 19.
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ETHGas snapshot date set for January 19 this year.
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U.S. stock market closed on January 19 (Martin Luther King Jr. Day holiday).
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LayerZero (ZRO) will unlock approximately 25.71 million tokens at 7 PM on January 20, representing 6.36% of the circulating supply, valued at approximately $44.5 million.
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The preliminary Q4 GDP data for the U.S. will be released.
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U.S. President Trump has called for a cap on credit card interest rates at 10%, effective from January 20, 2026, for a duration of one year.
Today’s largest gains among the top 100 cryptocurrencies by market capitalization: Decred up 21.4%, Dash up 11.5%, Monero up 5.6%, MYX Finance up 2.8%, LEO Token up 2.4%.
5. Hot News
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Data shows that tokens such as ZRO, RIVER, and PLUME will experience significant unlocks next week, with ZRO’s unlock valued at approximately $44.5 million.
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This Week’s Preview | The U.S. Senate Agriculture Committee unveils its cryptocurrency market structure bill; Aster launches Season Two of the Human vs. Machine Trading Competition.
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A whale liquidated assets including ASTER, incurring a loss of $4.21 million, and reopened a 25x leveraged long position in Ethereum.
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Avalanche active addresses hit a new record high, with daily active users reaching 1.71 million, surging by 986%.
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Aster has launched an automatic buyback mechanism, using 20%-40% of daily revenue to repurchase $ASTER tokens.
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The Trump Token team deposited 381,000 TRUMP into Binance, valued at $2 million.
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An ancient whale that hoarded 5,000 BTC twelve years ago has sold another 500 coins, bringing total profits to $260 million.
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The ‘insider大户 who opened short positions after the October 11 flash crash’ added to their Ethereum long position after a month, increasing their holdings to $736 million.
