Why Is Crypto Down Today? – January 19, 2026

The crypto market is down as we speak, with the cryptocurrency market capitalisation having decreased by 3% over the previous 24 hours to $3.21 trillion. At the time of writing, 95 of the highest 100 cash have posted worth falls. Also, the overall crypto buying and selling quantity stands at $117 billion.

Crypto Winners & Losers

As of Monday morning (UTC), all prime 10 cash per market capitalisation have recorded worth decreases over the previous 24 hours.

decreased by 3.6%, now buying and selling at $3,192.

The highest fall on this interval is Dogecoin (DOGE)’s 7.7%, at the moment standing at $0.1267.

Solana (SOL) follows with a 6.7% lower to the worth of $133.

At the identical time, the smallest drop is Tron (TRX)’s 0.5%, buying and selling at $0.3176.

Of the highest 100 cash per market cap, 95 are down as we speak, with 10 posting double-digit decreases.

The highest drop on this class is 12.7% by Aster (ASTER) to the worth of $0.6265.

Sui (SUI) is subsequent, having dropped 12.5% and buying and selling at $1.56.

As for the 5 inexperienced cash on this class, Dash (DASH) was the winner with a 9.3% rise, at the moment standing at $83.24.

Next up is Monero (XMR), which appreciated 6% to the worth of $624.

The relaxation are up between 4.5% and a couple of.3% per coin.

Meanwhile, mortgage lender Newrez will add specific crypto holdings to qualifying belongings in its mortgage underwriting course of. Borrowers will be capable of use Bitcoin, Ether and stablecoins with out promoting them.

Likely to take impact in February, the system will apply throughout the lender’s non-agency merchandise, together with residence purchases, refinancing, and funding properties.

Further Downside Is Likely

In a latest e-mail, John Glover, Chief Investment Officer of Ledn, highlighted that we’re at the moment in Wave IV of the key bull run. Its competitors goal is between $71,000 and $84,000. The breakdown of any corrective wave is an A-B-C construction, as seen within the chart beneath.

“The query that has but to be answered is whether or not the yellow path is the complete Wave IV or we are going to observe the purple path and subsequently have one other transfer decrease to $71,000,” Glover writes. “From the breakerdown of wave C inside this corrective sample, it looks like one other leg decrease is probably going.”

As to which path we’re following, the affirmation will come from both:

• a break and shut above $104,000 (backside of A), which might verify that we adopted the yellow path and are actually beginning Wave V,
• or a break beneath $80,000, which implies a transfer to the low $70,000 earlier than we head greater.

Moreover, Nic Puckrin, digital asset analyst and co-founder of the Coin Bureau, added: “Another weekend, one other sell-off in digital belongings on the again of tariff information and geopolitics.” BTC has damaged beneath a key assist degree of $94,000, which marked the January breakout pattern line.

“From right here, it’s doubtless we’ll see additional draw back until patrons step in, with sturdy assist round $88,000. So far, a small rebound has taken BTC again above $93,000, however it’s nothing to put in writing residence about.”

Moreover, as we speak “doubtless nonetheless has some volatility in retailer, not least for the reason that US market is closed as we speak for Martin Luther King Day,” the analyst says. “Whether we see a deeper sell-off will rely upon whether or not Bitcoin closes the day beneath $90,000, which might see ETF holders exiting positions when the US market opens tomorrow.”

At the identical time, “traders holding out for a rotation from metals to altcoins shall be sorely disillusioned,” Puckrin writes, “because the uncertainty and fears round Greenland are more likely to worsen earlier than they get higher.”

Levels & Events to Watch Next

At the time of writing on Monday morning, BTC was altering arms at $92,532. The coin started the day on the $95,000 degree, buying and selling sideways for some time. After hitting the intraday high of $95,467, BTC plunged to the low of $92,263.

Over the previous week, BTC is up 1%. It’s been buying and selling within the $90,321-$97,538 vary. Notably, it’s down 26.6% from its all-time high of $126,080 seen in October 2025.

Market contributors are actually trying to see if BTC will maintain the $92,000 or will drop to $91,000. Should this occur, it could dip beneath the $90,000 zone. However, a rise might enable the coin to reclaim the $95,000 territory.

At the identical time, Ethereum was buying and selling at $3,192. Initially buying and selling sideways, the worth reached the day’s highest level of $3,364. It then dived to the intraday low of $3,190. ETH has been buying and selling at this degree on the time of writing.

Moreover, ETH appreciated 1.6% over the previous 7 days. It moved between $3,089 and $3,379. On the opposite hand, it’s down 35.3% from the August 2025 ATH of $4,946.

ETH might fall additional to the $3,100 degree, which can doubtlessly lead it beneath $3,000. Yet, ought to it maintain the present degree, a market rise might allow it to return to the $3,300-$3,500 vary.

Meanwhile, the crypto market sentiment has remained largely unchanged over the weekend.

The crypto concern and greed index fell from 50 to 49 on Friday. It has stood at 49 over the past couple of days, firmly within the impartial zone.

The metric signifies market uncertainty. Market contributors await further macroeconomic and geopolitical indicators that may level to the near-term market actions.

ETFs Paint Mixed Picture

The US BTC spot exchange-traded funds (ETFs) closed the earlier week with a break of a inexperienced streak, recording $394.68 million in detrimental flows. The complete web influx pulled again beneath $58 billion, at the moment standing at $57.82 billion.

Of the twelve ETFs, just one posted constructive flows, whereas 4 recorded outflows. The one inexperienced fund was BlackRock, which took in $15.09 million.

At the identical time, Grayscale let go of the best quantity among the many twelve on Friday, with outflows of $205.22 million. It’s adopted by Bitwise’s $90.38 million.

On the opposite hand, the US ETH ETFs posted inflows, albeit a minor quantity. On 16 January, these funds collectively took in $4.64 million. That mentioned, this was their fifth consecutive day of constructive flows. The complete web influx remained unchanged, standing at $12.91 billion.

Of the 9 funds, one ETH ETF posted inflows, and one noticed outflows on the identical time.

BlackRock recorded $14.87 million in constructive flows, whereas Grayscale recorded $10.22 million in detrimental flows.

Meanwhile, Steak ’n Shake, an American burger chain, introduced a $10 million purchase of BTC for its treasury. This is the corporate’s first disclosed direct allocation because it started accepting crypto funds in May 2025.

The transfer formalises what the restaurant chain calls a “Strategic Bitcoin Reserve,” a system that channels all BTC acquired from clients straight into its treasury moderately than changing it into money.

Additionally, Anchorage Digital is reportedly preparing a significant capital raise because it positions itself for a possible public itemizing.

The firm is in search of between $200 million and $400 million in contemporary funding, with an preliminary public providing (IPO) into account for subsequent 12 months.

Quick FAQ

1. Did crypto transfer with shares as we speak?

The crypto market posted one other drop during the last 24 hours. Meanwhile, the US inventory market closed the Friday session and the week decrease. By the closing time on 16 January, the S&P 500 was down 0.064%, the Nasdaq-100 decreased by 0.07%, and the Dow Jones Industrial Average fell by 0.17%. Treasury yields jumped to a four-month high amid uncertainty in regards to the US Federal Reserve’s subsequent steps.

2. Is this drop sustainable?

The lower might proceed within the brief time period. It’s but unclear how lengthy it could final, and market contributors wait for extra indicators that would make clear that. That mentioned, analysts argue that additional will increase usually are not solely attainable however more likely to happen.

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