Trading

Bitcoin is attempting to hold the $90,000–$91,000 area after a rejection at $94,000, with volatility elevated and sentiment split. According to Axel Adler, BTC sits below the Short-Term Holder cost basis near $100,200 and key moving averages. CryptoQuant data places STH MVRV around 0.92, signaling unrealized losses and persistent sell pressure from short-term holders.

Coinbase will add copper and platinum futures trading on its app starting January 26. The contracts will be offered via Coinbase Derivatives and accessible to retail and institutions through approved FCM partners, alongside existing gold, silver, and oil markets. The expansion aligns with the company's push toward an "everything exchange" strategy.

JPMorgan analysts said crypto ETF flows are showing signs of stabilizing in January after bitcoin and ether products saw outflows in December. They attributed the recent correction mainly to investor de-risking triggered by MSCI’s October 10 announcement concerning MicroStrategy, rather than worsening liquidity. Equity ETFs drew a record $235 billion globally in December, the analysts noted.

Bitcoin dropped from $94.7K to $90K mid‑week as sentiment turned to fear, while spot BTC ETFs saw $729 million net outflows on January 6–7 after inflows in the first two days of 2026. On January 8, Asian equities fell over 1%, BTC slipped 1.4%, and holding the $89.2K 50‑day MA is pivotal, with recovery hinging on reclaiming the $99.1K short‑term holder cost basis.

Crypto analyst Bird said on X that XRP could be primed for its strongest rally, citing a breakdown in Bitcoin dominance that preceded major XRP surges in 2018, 2021, and 2024. He argues a confirmed drop in BTC.D could push the token into double digits. XRP trades around $2.14, down almost 5% in 24 hours, according to CoinMarketCap.

Hyperliquid has added XRP spot exposure via Flare’s new FXRP token, a wrapped asset fully backed by XRP and redeemable on the XRP Ledger. XRP has climbed 12% over the past week and is now testing key Fibonacci support around $2.03, while Flare’s earnXRP program offers an 8% APY on holdings.

On January 8, Pi Network's PI traded near $0.20, about 2% higher on the week but 93% below its $3 peak from February last year, per CoinGecko. Traders on X split as critics cited exchange inflows and governance concerns, while others eyed a break from an eight-month downtrend and targets near $0.57 amid scheduled token unlocks.

Bank of America has upgraded Coinbase shares to a buy rating and set a $340 price target after the stock dropped about 40% from its July peak near $420. The bank cited cheaper valuation, higher short interest, and growing revenues from infrastructure, derivatives and Base as potential cushions against volatile retail trading volumes. Analysts also argued that Coinbase could be a long-term winner as crypto adoption is still in its early stages and the exchange expands into new products and markets.

In 2026, Morgan Stanley plans to introduce bitcoin, ether, and solana trading on its E-Trade platform and launch a proprietary digital wallet, according to its head of wealth management. The firm has also filed for BTC, ETH, and SOL-based ETFs and progressively opened spot bitcoin ETF access from select high-net-worth clients to all client accounts, including retirement plans. These moves build on prior infrastructure investments and reflect a broader shift among major Wall Street banks toward digital assets.

In 2025 Bitcoin surged to a series of record highs above $126,000 before sliding to around $80,000 by year-end, leaving it roughly 30% below its peak. For 2026, analysts and industry executives project a wide trading band between $75,000 and $225,000, citing factors such as ETF demand, institutional lending and potential U.S. regulatory shifts. At the same time, Bank of America has upgraded Coinbase shares to Buy, reiterating a $340 price target on the back of its expanding product suite and tokenization initiatives.