Bitcoin has broken down from a daily flag, putting the $80K demand area in focus amid risk-off sentiment tied to headlines about President Trump's pick to replace Jerome Powell. The 4-hour view points to a potential corrective move toward the $88K supply zone. On-chain Realized Price age bands show shorter-term holders under pressure as price approaches historically active accumulation ranges.

Ethereum has dropped about 15% over the past week and is now trading below its former ascending structure, testing a demand area near $2.5K while staying under the $3K psychological barrier. Price action on both the daily and 4-hour charts points to a dominant bearish bias, with any rebounds toward $2.7K–$3K likely facing renewed selling. A dense cluster of liquidations is building around and below $2.5K, making this zone pivotal for whether ETH stabilizes or extends its decline.

On 31 January 2026, Tennessee legislators reviewed a proposal to permit the state treasurer to buy Bitcoin using select public funds. Exposure would be phased in across fiscal years under strict annual and portfolio caps, and the policy applies only to Bitcoin. If holdings rise in value, the state would not be forced to sell to remain within limits.

On Saturday, Ethereum, XRP and the wider crypto market saw a sharp pullback, wiping roughly $100 billion from total market value while Bitcoin declined more moderately. The move coincided with reports of Israeli airstrikes in Gaza and unfolded in thin weekend liquidity, with Ethereum leading liquidations and altcoins generally underperforming BTC. By 3:41 pm UTC on Jan. 31, 2026, Ethereum traded at $2,539.70, down 6.22% over 24 hours, as total crypto market capitalization hovered around $2.73 trillion.

On 31 January 2026, a Delaware judge declined to dismiss a shareholder suit against Coinbase, allowing the case to continue for now. Filed in 2023, the suit challenges insider stock sales around the 2021 direct listing, citing more than $2.9 billion sold, including nearly $292 million by Brian Armstrong and roughly $119 million by Marc Andreessen.

On January 31, 2026, Step Finance reported that several treasury and fee wallets on Solana had been compromised after around 261,854 SOL, valued at roughly $30 million, were unstaked and transferred. The team said the affected addresses are under investigation and indicated that only treasury-related wallets appear impacted so far, with no confirmed effect on user funds or core protocol operations. The incident is drawing wider attention to operational security standards for DeFi protocol treasuries.

U.Today said XRP fell more than 3.90%, extending a death cross and marking a 90-day low, with weekly losses at 11.33%. According to CoinMarketCap, the token traded at $1.69 after a $1.78 intraday high, while 24-hour volume slid 20.74% to $4.02 billion; the pattern was first observed on Jan. 19.

On January 31, Cardano (ADA) traded around $0.3099 after falling 4.76% in the last 24 hours, with the price moving toward local support levels. Short- and midterm charts indicate that a break below $0.3070 and $0.30 could open the way to deeper pullbacks toward $0.2756 and possibly the $0.20 range.