The crypto market is down today, with the cryptocurrency market capitalisation having decreased by 1.6% over the past 24 hours to $3.17 trillion. At the time of writing, 85 of the top 100 coins have posted price falls. Also, the total crypto trading volume stands at $105 billion.
Crypto market cap is down 1.6% on Tuesday morning (UTC);
85 of the top 100 coins and all top 10 coins are down;
BTC decreased by 1.6% to $91,020, and ETH is down 2.5% to $3,117;
Bitcoin fell after Donald Trump threatened EU with tariffs and NATO allies over control of Greenland;
For a more durable rally, maturation supply needs to outweigh LTH spending;
BTC is moving into a dense LTH supply zone between $93,000 and $110,000 where recovery attempts previously stalled;
‘The pullback in digital assets suggests that optimism was on thin ice’;
‘Crypto markets are once again spiralling into risk-off mode’;
A recent spike in activity on the Ethereum network may be partly driven by address poisoning attacks;
Brian Armstrong said he’s discuss the US crypto market structure in Davos;
US crypto spot ETFs were closed on Monday and will reopen today;
Crypto market remained unchanged over the weekend.
Crypto Winners & Losers
As of Tuesday morning (UTC), all top 10 coins per market capitalisation have seen price decreases over the past 24 hours.
Bitcoin (BTC) dropped 1.6% since this time yesterday, changing hands at $91,020.
Ethereum (ETH) decreased by 2.5%, now trading at $3,117. This is the highest decrease in the category.
Lido Staked Ether (STETH) is next, with a 2.4% drop, followed by Tron (TRX)’s 1.9% to the price of $0.3116.
The lowest fall in this period is seen by Dogecoin (DOGE), given that it’s unchanged since yesterday, currently standing at $0.127.
Of the top 100 coins per market cap, 85 are down today.
The highest among these is Provenance Blockchain (HASH), having decreased by 8.9% to the price of $0.02567.
Monero (XMR) is next on this list, having seen a drop of 7.2%, trading at $588.
On the other hand, Canton (CC) is the only coin with a double-digit increase. It’s up 12.4% to $0.1251.
It’s followed by MemeCore (M), which appreciated 5% to the price of $1.67.
The rest are up between 4.9% and 0.2% per coin.
Meanwhile, Coinbase chief executive Brian Armstrong said he would be discussing the US crypto market structure in Davos this week.
“We’re going to continue to work on the market structure legislation, and meet with some of the bank CEOs to figure out how we can make this a win-win,” he said.
In other news, a recent spike in activity on the Ethereum network may be partly driven by address poisoning attacks, rather than organic user growth.
“Address poisoning has become disproportionately attractive for attackers,” security researcher Andrey Sergeenkov said, adding that scaling blockchain infrastructure without prioritising user safety risks distorts headline activity metrics.
Market Spiralling Into Risk-Off Mode
Commenting on the conditions needed for a sustained recovery, Bitfinex analysts argued that “for a more durable rally to take hold, market structure will need to transition into a regime where maturation supply begins to outweigh long-term holder spending.”
Such a shift would drive long-term holder (LTH) supply higher, which would signal renewed conviction and reduced sell-side pressure. Historically, analysts add, this configuration was last observed in August 2022–September 2023 and March 2024–July 2025. Both periods “preceded stronger and more sustained trend recoveries for Bitcoin.”
Moreover, according to the latest Bitfinex report, BTC is moving into a dense LTH supply zone between $93,000 and $110,000. Previous recovery attempts stalled there. LTHs remain net sellers, but the pace of distribution has slowed sharply, they write. Realised profits are down to around 12,800 BTC per week from cycle peaks above 100,000 BTC.
“This moderation, combined with supportive Q1 seasonality and stronger order-flow dynamics than prior rallies, improves the probability that BTC can absorb overhead supply,” Bitfinex says. “A sustained move through this zone would require further easing in LTH sell pressure, paving the way for a more durable recovery and a potential re-test of all-time highs.”
Meanwhile, Petr Kozyakov, co-founder and CEO at payment infrastructure platform Mercuryo, commented that “Bitcoin is on the back foot, dropping 3 per cent after US President Donald Trump once again raised the stick of further tariffs, threatening NATO allies over control of Greenland.”
Kozyakov also noted a dive in Asian trading that “evaporated” most of BTC’s year’s gains. Even though sentiment turned positive at the start of the year, “the pullback in digital assets suggests that optimism was on thin ice, underscored by multi-million-dollar liquidations across derivatives markets.”
The CEO concludes that “cryptocurrency markets are once again spiralling into risk-off mode as global stock markets also record losses. Meanwhile, gold and silver continue to shine brightly as investors seek out safer pastures.”
Levels & Events to Watch Next
At the time of writing on Tuesday morning, BTC was changing hands at $91,020. The coin has traded mostly sideways over the past 24 hours, between the intraday high of $93,301 and $93,176. It has dipped to $90,765 earlier this morning.
BTC has also turned red in the 7-day timeframe, dropping by 1%. It has traded in the $90,765–$97,538 range.
If the price fails to maintain this level, it could move below $90,000 and towards the $87,600 zone. Breaking above this current range would allow the coin to attempt to reclaim the $95,000 level.
Bitcoin Price Chart. Source: TradingView
At the same time, Ethereum was trading at $3,117. Much like BTC, ETH has moved in a tight range for the majority of the past 24 hours, between $3,210 and $3,231. It has decreased to the intraday low of $3,110 prior to the time of writing.
Over the past week, the price performance turned red, having decreased by 0.3%. It has been moving within the $3,110–$3,379 range in this timeframe.
An additional price drop may open doors for the $3,000 territory or even lead the coin to dip below it, leading to the $2,880 level. That said, a push upwards could see the coin reclaiming the $3,400 zone.
Meanwhile, after remaining largely unchanged over the weekend, the crypto market sentiment dropped over the past day.
The crypto fear and greed index fell from 49 seen over the past three days to 45 today, still staying within the neutral zone.
Caution, exasperated by the general uncertainty and concerns over the macroeconomic and geopolitical circumstances – specifically regarding Europe, China, and the US – is rising steadily among market participants.
ETFs Markets On Pause
Traditional markets were closed in the US on Monday for the federal holiday, Martin Luther King Jr. Day. Therefore, we don’t have fresh data on the US crypto spot exchange-traded funds (ETFs).
As reported yesterday, US BTC spot ETFs closed the Friday session with $394.68 million in negative flows. At the same time, the US ETH spot ETFs posted $4.64 million in inflows.
However, this gives us a chance to look into the performance of other major ETFs. For example, US XRP spot ETFs posted $1.12 million in inflows on Friday, with the total net inflow rising to $1.28 billion.
One of the five funds recorded positive flows, while there were no outflows on this day. Franklin took in $1.12 million.
Moreover, US SOL spot ETFs posted negative flows of $2.22 million, with the total standing at $863.8 million. While Fidelity recorded inflows of $425,030, Grayscale and 21Shares saw outflows of $1.92 million and $725,810.
Meanwhile, US DOGE spot ETFs didn’t see any flows since 8 January, when they collectively took in $10.32 million. As of 16 January, the total flows stand at $6.58 million.
Quick FAQ
Did crypto move with stocks today?
The crypto market posted another drop over the last 24 hours. Meanwhile, the US stock market was closed on Monday for a federal holiday. International stock markets – including the London Stock Exchange, the Euronext Paris, the Stock Exchange of Hong Kong, the Shanghai Stock Exchange, and the Tokyo Stock Exchange – posted mixed performance on Monday.
Is this drop sustainable?
The decrease may continue in the short term. It’s neither surprising nor unhealthy for the market. Zooming out, we see that the market has recently been trading sideways for the most part. Incoming signals, such as those coming from Davos, may affect the market, though how beneficial they may be remains to be seen.
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