On January 28, 2026, the Federal Reserve is expected to conclude a two-day meeting by keeping interest rates unchanged after three reductions in late 2025. Several central banks, including those in Brazil, Canada, Sweden and others backing Chair Jerome Powell, are also seen holding rates steady as they track inflation, growth data and trade-related risks. Analysts believe this coordinated stance underlines support for Fed independence amid ongoing political pressure and tariff concerns.

China’s equity market is diverging between export-led industrials tied to AI infrastructure and weak consumer names. According to the article, global managers are favoring exporters, with China XD Electric up 75% this year and TBEA up 28%, while Fuyao Glass Industry is down 5.4% and Great Wall Motor down 4.6%. Earnings expectations for CSI 300 Industrials rose 10% over six months, versus 5% for the consumer index.

On January 25 2026, silver in Shanghai climbed to $112 per ounce, setting a new all-time high and roughly doubling its level from November. The surge has pushed Chinese local premiums to about $9 per ounce above global prices, while refineries in Turkey, India, Korea, and the Middle East also report intense physical demand and depleted inventories. Market participants describe shortages of bars and coins across Asia, with banks rerouting shipments and buyers increasingly competing for limited supply.

As of January 25, 2026, the Trump administration is committing $1.6 billion to USA Rare Earth, blending a $277 million equity purchase with $1.3 billion in senior secured debt. The government will take NBSPtake a 10% stake via 16.1 million shares at $17.17 and warrants for 17.6 million more, while the company pursues over $1 billion in separate private financing.

In 2025, corporate Bitcoin treasuries led by Michael Saylor's Strategy accumulated 494,000 BTC, pushing their combined holdings to 1.13 million coins even as BTC ended the year down 6.4%. These firms now control 5.1% of the total BTC supply, while ETFs hold about 7.1%, and the joint demand tracked by Apparent Demand Growth has stayed negative since December, limiting price recovery. Despite reduced selling by long-term holders, analysts note that ETF flows and subdued demand continue to weigh on BTC's ability to break above prior highs.

US-based spot Bitcoin ETFs recorded $103.5 million in net outflows on Friday, extending a withdrawal streak that began the previous Friday and totaling about $1.72 billion over a shortened five-day trading period. Bitcoin traded at $89,160 at publication time and has remained below $100,000 since Nov. 13, while the Crypto Fear & Greed Index has been stuck in the “Extreme Fear” zone, with analysts describing the market as a phase of uncertainty.

Render (RENDER) remains above $2 after an 85% surge in the first week of January, while Open Interest has fallen nearly 30%, according to Coinalyze. CoinGlass's liquidation map highlights $1.86–$1.88 as a nearby liquidity pocket, with cumulative long liquidations above $2.15 that could draw prices higher after a dip. The November $2.94 swing high remains unbroken.

An analyst argues that Ethereum's recent trading around $2,950 is being misread, noting a tightening triangle of higher lows on the daily chart that has formed since December 2025. He believes the key risk is trying to short ETH while support at $2,860 and $2,780 remains intact, as holding these zones could send price back toward resistance just under $3,340. Despite weaker spot ETF flows and softer sentiment, large managers are still active in Ethereum, including a proposed staked ETF and a major firm lifting its staking exposure above 1.94 million ETH.