Binance released a post-mortem on the 10 October 2025 crypto flash crash, asserting that macroeconomic shocks and market-wide risk controls, not exchange failures, drove the $19.25 billion liquidations. The exchange said 75% of industry liquidations occurred before its localized issues at 21:36 UTC, and CoinGlass data showed the peak at 01:00 UTC.

Bitcoin traded around $82,700 after briefly moving toward $81,000, extending a pullback from highs near the $95,000–$100,000 range as market sentiment cooled into fear territory. The Crypto Fear and Greed Index fell to 28 while Ethereum dropped to about $2,720, with both assets showing weakening momentum but not yet entering extreme oversold or panic conditions.

Bitcoin's move under $85,000 has coincided with broad weakness across major altcoins over the past 24 hours. Altcoin market capitalization is near $1.18 trillion, while Ethereum, BNB, XRP, Solana, Dogecoin, and Cardano registered day-over-day declines alongside elevated trading volumes.

Following a 29 January markup session, the US Senate Agriculture Committee approved its portion of the digital asset market structure legislation, moving it out of committee. US Senator Cynthia Lummis said in a post on X the vote puts the bill "one step closer" to the president's desk. The measure focuses on oversight of digital commodity intermediaries and spot markets.

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.

Following the Federal Reserve's latest decision to keep interest rates unchanged, most large-cap cryptocurrencies traded sideways or dipped, while Hyperliquid's HYPE token jumped sharply. HYPE gained nearly 7% on the day and over 50% in a week, diverging from Bitcoin, Ethereum and other majors as traders focused on selective, narrative-driven assets. A recent addition of HYPE to Coinbase's asset roadmap added a token-specific catalyst to its move.

After the FOMC maintained the target range at 3.50%–3.75% and Jerome Powell emphasized a data‑dependent approach, the total crypto market capitalization excluding stablecoins hovered near $2.7 trillion. According to TradingView, the aggregate cap stayed below the 20‑day and 50‑day moving averages, with trading volumes subdued.

U.S. equities and gold printed new all-time highs this week, while Bitcoin climbed but continued to lag. The S&P 500 approached $7,000 and gold neared $5,200, with volume steady amid the advance. Bitcoin rebounded toward $89,000, though it remains below prior peaks and key daily moving averages.

Tether announced USA₮ (USAT) on 27 January as a federally regulated, dollar-backed stablecoin for the U.S. market. Building on USDT’s established distribution and liquidity, USAT targets compliance-driven adoption, with USDT’s market capitalization over $186 billion underscoring its scale and role across exchanges and on-chain transfers.