Trading

On Thursday, Bitcoin plunged from levels near $90,600 to around $84,635, briefly breaking below the $85,000 area. The sharp move triggered liquidations of nearly $800 million in leveraged positions over 24 hours, including about $301.15 million in longs wiped out in a single hour. One BTC-USD position worth $31.64 million on Hyperliquid was the day's largest forced closure.

Crypto derivatives data shows mounting leverage stress, with long-side liquidations repeatedly outpacing shorts while spot prices remain range-bound. Recent figures reveal a single hourly event wiping out over $230 million in long positions compared with less than $5 million in shorts, and platforms like Binance and Hyperliquid recording the bulk of these forced unwinds, underscoring growing downside sensitivity.

Gold has climbed 25% over the past month and 66% in six months, while Bitcoin is down 2.5% month-over-month and 25% over six months. Analysts link BTC’s calmer profile to ETF-driven maturation, and the report says spot silver set a $120 record this week. Market caps have shifted: silver is now $6.7 trillion versus BTC at $1.75 trillion.

Talos closed a $45 million Series B extension, adding investors including Robinhood Markets and lifting total Series B funding to $150 million. The company said the round values it at approximately $1.5 billion post-money and will support product expansion, with part of the investment settled using stablecoins.

Macro analyst Michaël van de Poppe says gold’s momentum has driven its RSI above 91, a threshold last seen in December 1979 and higher than August 2020. He notes that after the 2020 spike, gold consolidated while Bitcoin advanced about 5–6x, prompting debate over whether a similar setup could unfold.

On January 29, 2026, XRP traded near the bottom of its recent range and remained below declining resistance, signaling muted momentum. According to the analysis, total open interest hovered around $3.38 billion with a recent 24‑hour pullback, while Binance held a large share of derivatives exposure. Exchange inflows and outflows showed episodic spikes without a persistent trend, and prior inflow surges aligned with price softness.

On Thursday, Bitcoin slid back under $90,000 and traded around $87,700 after the Federal Reserve's first 2026 decision to leave interest rates in the 3.50%–3.75% range. The broader crypto market value hovered near $3.11 trillion, with Ethereum retreating toward $3,000 as traders weighed rate-cut timing, shifting flows into gold and silver, and heavy leverage that could trigger liquidations between $75,000 and $105,000.

BTC’s pre-FOMC push on Wednesday halted at $90,000, keeping price confined to the $86,000–$90,000 band since Jan. 20. Analysts say momentum could improve if $93,000 is reclaimed as support, with resistance clustered near the 50-day and 100-day SMAs at $90,000 and $94,000. ETF flow stability may further aid a break toward $98,000.

On January 29, 2026, Dogecoin is retesting a previously broken downtrend line on the 4-hour chart. Price stands at $0.1209, down 4.2% over 24 hours, 3.9% on the week, and 2.8% over the month. A firm hold could keep the path open toward recent local highs, while a failure would increase downside risk.

On January 29, 2026, Bybit outlined plans to introduce "MyBank" accounts that let users hold fiat with IBANs and move funds across eighteen currencies. The rollout, in partnership with regulated banks, is targeted for February pending approvals, complementing existing bank transfers, AED local rails in the UAE, a crypto card with up to ten percent cashback, and a P2P marketplace.