Crypto's rough day sets giants into 'plunge protection' mode
Your day-ahead look for Jan. 30, 2026
Market analysis, price movements, and trading insights
Your day-ahead look for Jan. 30, 2026
President Trump announced Kevin Warsh as his pick for Federal Reserve chair following a sharp surge in prediction market odds overnight.
The Brazilian digital bank announced it received conditional OCC approval to provide deposit accounts, credit cards, lending and digital asset custody in the United States.
The move comes as the Ethereum Foundation enters a period of “mild austerity” while sticking to its core technical roadmap, Buterin said.
Crypto markets fell further overnight as bitcoin and ether extended losses, metals tumbled and liquidation pressure hit leveraged traders across derivatives markets.
Still, Bitcoin often rebounds toward its energy value after long downtrends, with one model pointing to a fair price near $121,000.
Bitcoin’s crash to a nine-month low, coupled with growing uncertainty about macroeconomic policy, catalyzed $817 million in ETF outflows.
Analysts point to tight liquidity and a broad risk pullback as BTC fell toward $81,000 and U.S. crypto ETFs saw over $1 billion in outflows.
The bitcoin-to-gold ratio rebounded from recent lows, mirroring a pattern seen in the 2019-2020.
While Fed chair speculation drives uncertainty across equities, rates, and crypto.
BTC could drop to as low as $50,000 in the worst-case scenario after BTC price failed to hold the important $84,000 support level.
The shift will take Binance’s insurance-style fund out of US dollar-pegged assets and into Bitcoin within 30 days, raising questions about user protection.