Trading

Morgan Stanley investment analysts project that the Chinese yuan could firm to 6.85 against the US dollar by the first quarter of 2026, supported by China's evolving global investment approach. The forecast comes as outbound investment from Chinese firms now exceeds inbound foreign capital and the country pivots from fast, investment-heavy expansion toward higher-quality growth. The bank also anticipates that a narrowing interest-rate gap between the US and China, alongside domestic policy measures, could further underpin the currency.

On January 8, 2026, Nasdaq and CME Group unified their crypto benchmarks by reintroducing the Nasdaq Crypto Index as the Nasdaq-CME Crypto Index. The multi-asset gauge includes Bitcoin, Ether, XRP, Solana, Chainlink, Cardano, and Avalanche, and is calculated by CF Benchmarks with quarterly rebalancing to support regulated products exceeding $1 billion in assets.

On January 1, 2026, the UK's HMRC brought in new rules requiring cryptocurrency platforms to gather and submit detailed user information to help recover an estimated £300 million in tax. The framework targets Capital Gains Tax on digital asset disposals, sets a £3,000 tax-free CGT allowance, and encourages investors to use self-assessment and voluntary disclosure for past gains.

On 10 January 2026, Nasdaq and CME Group consolidated their crypto benchmarks into the joint Nasdaq-CME Crypto Index. The basket covers large, liquid assets including Bitcoin, Ether, XRP, Solana, Chainlink, Cardano, and Avalanche to provide market-wide exposure. The collaboration lays groundwork for ETFs and derivatives aimed at institutional investors.

At the start of 2026, GMT sharply reversed its prior downtrend, jumping 40% in a week and climbing to $0.02260 with a 30% intraday move. The token broke out of a multi-week consolidation range, with RSI in overbought territory, CMF turning positive, and 24‑hour volume soaring over 1020% to $326.49 million. Derivatives data show over $1.55 million in shorts liquidated versus $355k in longs and open interest up more than 245% to $55.08 million, supporting expectations that GMT could test resistance near $0.02600 and potentially target $0.0300 to $0.03600 if momentum holds.

Ripple's XRP is trading near $2.10 with about $3.86 billion in daily volume as analysts track a rare 5-day MACD Golden Cross and key support around $2. The token has risen more than 10% over the past week and roughly 25% this month, while some projections point to potential upside toward $8 by the end of 2026.

On January 10, 2026, Jim Cramer urged investors not to chase Apple or Nvidia, citing a calm unemployment report and ongoing market rotation. He said money is moving toward storage and equipment names, and flagged near‑term catalysts including Tuesday's December CPI, the JPMorgan Healthcare Conference, and the start of earnings with JPMorgan Chase.

Over the past year, large Bitcoin holders have reduced their balances by about 220,000 BTC while the network hashrate growth has slowed as prices stay below miners' $95k-$96k breakeven range. At the same time, Fidelity data shows Bitcoin's 1-year realized volatility has dropped to an all-time low of 42%, with the spot price still above the realized cost basis of long-term whales at $39.6k and miner whales at $58.6k. However, newer whales with a realized price near $99k may choose to sell on a rebound, posing a potential headwind for bulls despite the historically bullish implications of volatility lows.

On 10 January 2026, Coinbase outlined how it spent 2025 rebuilding its trading stack across spot, futures, perpetuals, and options to function as a unified marketplace. Over the year, the exchange broadened U.S. and international derivatives, integrated the Deribit acquisition, and expanded spot listings to more than 350 assets while preparing to deepen USDC collateral use in 2026. The company is now positioning its platform as an institutional-grade venue that blends crypto-native products with structures familiar to traditional financial markets.

Injective's native token INJ is trading at $5.12562644 with a market cap of $512,413,670.02 and a circulating supply of 99,970,935.41. Projections for 2026 place INJ between $3.80 and $15.40, while longer-term estimates for 2030 suggest a possible range from about $29 to $74 under strong DeFi adoption and sustained token burns. The forecast path from 2026 to 2030 assumes expanding derivatives activity, rising on-chain volume, and the continued impact of Injective's deflationary buyback-and-burn model.