Why Is Crypto Up Today? – January 22, 2026

The crypto market is up right this moment after a number of days of a downward trajectory. The cryptocurrency market capitalisation elevated by 1.5% over the previous 24 hours to $3.13 trillion. At the time of writing, 87 of the highest 100 cash have appreciated. The whole crypto buying and selling quantity stands at $149 billion.

Crypto Winners & Losers

As of Thursday morning (UTC), all prime 10 cash per market capitalisation have seen a reversal, with their worth rising over the previous 24 hours.

elevated by 0.7% as effectively, altering fingers at $2,986. BTC’s and ETH’s are the bottom will increase on this class.

The highest rise among the many prime 10 is XRP’s 2.3%, now standing at $1.95.

Solana (SOL)’s 1.7% is subsequent, at present buying and selling at $129.

Of the highest 100 cash per market cap, 87 have seen their worth rise right this moment.

Canton (CC) is on the prime, with an increase of 12.2% to $0.1492.

It’s adopted by Rain (RAIN), which appreciated 9.5%, buying and selling at $0.009421.

On the opposite aspect, on the prime of the purple coin record is Midnight (NIGHT), with a drop of 5.3% to the value of $0.05828.

MemeCore (M) posting a lower of three.5%, buying and selling at $1.6.

Meanwhile, the US Senate Agriculture Committee released updated crypto market structure legislation and scheduled a markup for 27 January, however with out Democratic assist.

“Although it’s unlucky that we couldn’t attain an settlement, I’m grateful for the collaboration that has made this laws higher,” Chairman John Boozman mentioned.

BTC’s Price Action Remains Fragile Below $90,000

According to Glassnode’s newest report, till there’s new demand with enough energy to soak up overhead provide, long-term holders stay a latent supply of resistance.

“As a consequence, upside progress is prone to stay constrained, with rallies weak to renewed distribution until this provide overhang is decisively resolved,” the analysts say.

The market, they add, is constructing a base, consolidating from a pause in conviction – as buyers watch for the following catalyst to unlock broader engagement – and never from extra participation.

As for Bitcoin, it nonetheless stands in a low participation regime. Its worth motion is pushed “extra by the absence of stress than by lively conviction.” They write that,

“[BTC’s] worth motion stays fragile under $90,000, whereas that stage itself is prone to act as a friction level. Reclaiming it sustainably would require enough momentum and confidence to soak up vendor hedging flows and shift gamma publicity increased.”

Moreover, institutional and company demand is cautious. Treasury flows are stabilising close to impartial, whereas exercise stands concentrated in remoted transactions.

Derivatives participation is skinny. Futures quantity is compressed, and leverage deployment is subdued. This reinforces “a low-liquidity atmosphere the place worth is more and more delicate to modest positioning shifts.”

Finally, “choices markets echo this restraint” as effectively, the report says. “Volatility repricing has been confined to the entrance finish, hedging demand has normalised, and elevated volatility threat premium continues to anchor implied volatility.”

Levels & Events to Watch Next

At the time of writing on Thursday morning, BTC was altering fingers at $89,853. The coin briefly dipped to $87,304 earlier within the day. However, for probably the most half, it traded sideways, with the very best level being $90,295.

BTC is now down 7.3% over the previous 7 days, transferring within the $87,653–$96,937 vary.

Looking forward, we discover the important thing assist ranges at $87,400 and $85,900. A drop under this stage may result in a dip under $80,000. Meanwhile, resistance at present stands at $90,400 and $92,300.

At the identical time, Ethereum was buying and selling at $2,986. Earlier within the day, the value fell from $3,014 to the intraday low of $2,872. It then jumped to the intraday high of $3,052 however was unable to carry this stage. Nonetheless, it traded largely sideways.

Over the previous week, ETH has dropped 11.3%, transferring between $2,898 and $3,374.

For now, its worth continues to be susceptible to falling in direction of the $2,500 stage. However, analysts argue that it may attain $3,500 by Q2 and probably $4,500 in H2.

Meanwhile, the crypto market sentiment posted a minor enhance over the previous day, not altering its place within the worry zone.

The crypto worry and greed index rose from 32 seen yesterday to 34 today. It would take a stronger push to guide it out of the worry and again into impartial territory.

As famous yesterday, warning, worry, and uncertainty amongst market members have been rising, fuelled by the macroeconomic and geopolitical circumstances. Constantly shifting information from the US just isn’t serving to. We may even see the metric drop decrease within the near-term.

ETFs See the Highest Drop in Two Months

On 21 January, the US BTC spot exchange-traded funds (ETFs) noticed a big quantity of outflows of $708.71 million. This is the very best stage since mid-November 2025. The whole web influx fell under $57 billion to $56.63 billion.

Of the twelve ETFs, six recorded outflows, and one noticed inflows. This one is VanEck, taking in $6.35 million.

At the identical time, the very best outflows had been posted by BlackRock, letting go of $356.64 million. Fidelity follows with $287.67 million in outflows.

Moreover, the US ETH ETFs posted their second day of unfavorable movement with $286.95 million. This is their highest quantity since mid-December 2025. With this, the whole web influx pulled again to $12.4 billion.

Of the 9 funds, 4 ETH ETFs posted outflows, and one noticed inflows. Grayscale took in $10.01 million.

BlackRock is on the prime once more, accounting for the primary chunk of the whole outflows: $250.27 million. In second place, we discover Fidelity, which posted $30.89 million in unfavorable flows.

Meanwhile, Cathie Wood’s Ark Invest argues that digital assets could reach $28 trillion in market worth by 2030. That is up from about $3.13 trillion right this moment, a soar of roughly 9x.

“We consider Bitcoin may account for 70% of the market,” it mentioned, with the remaining led by sensible contract networks similar to Ethereum and Solana.

Quick FAQ

1. Did crypto transfer with shares right this moment?

The crypto market lastly had a inexperienced day after days of overwhelming purple. At the identical time, the US inventory market closed the Wednesday session sharply increased, following the largest losses since October. By the closing time on 21 January, the S&P 500 was up 1.16%, the Nasdaq-100 elevated by 1.36%, and the Dow Jones Industrial Average rose by 1.21%. This comes because the US appears to have determined in opposition to utilizing navy drive in Greenland and imposing tariffs on eight NATO allies.

2. Is this rally sustainable?

There continues to be room for the crypto market to go down. It’s being squeezed by the general geopolitical and financial uncertainty. Nonetheless, within the short-term, it could discover a base for one more leg up, even when it finally ends up being temporary.

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