January 21, 2026 | A summary of the most noteworthy crypto news from the past 24 hours!

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The market is bleeding. While precious metals are surging, cryptocurrencies are suffering a fierce sell-off, leaving many leveraged investors stunned.

1️⃣ $ BTC: Bitcoin has officially broken through the $90,000 support zone. The weak price movement shows that BTC is underperforming both US stocks and safe-haven assets like gold and silver . This also reflects that the market still doesn't truly believe in the " digital gold " narrative of BTC during the current crisis.

2️⃣ $ETH: Ether has fallen sharply below the psychological $3,000 mark. Market sentiment is heavily skewed towards the "bears" — traders are likely to opt for a "sell on bounce" strategy unless ETH can clearly and convincingly reclaim the $3,000 level.

3️⃣ $ SOL: Solana falls along with the " big two " BTC and ETH. Although Solana 's fundamentals remain stable, the coin is still being dragged down by the widespread panic across the market.

4️⃣ The safe-haven wave: Gold and silver continue their relentless upward trend. The National Bank of Poland has just approved a plan to purchase an additional 150 tons of gold , aiming for a reserve of 700 tons . The trend of large institutions " flight to quality " with precious metals remains the dominant macroeconomic story today.

5️⃣ Whales remain firm: Despite incurring an estimated loss of $163 million , Trend Research ( Medium purchase price around $3,180 ) decided to "go big" by buying an additional 6,656 ETH today. This is a bold Dip fishing move amidst a volatile market.

6️⃣ Japan and the “Truss Moment”: A massive sell-off of Japanese government bonds (JGBs) is rocking Asia. 40-year yields have reached record highs, while Japanese and South Korean stocks opened down around 1% . Global risk aversion has surged, putting heavy pressure on the crypto market.

7️⃣ $Trove Plummeting: The fully diluted valuation (FDV) of the Trove Token has fallen below $1 million . Investors are shocked by allegations that the team has ties to Iran and is deploying the project using "trap" tactics — a potential disaster for ICO participants.

8️⃣ Solana Ecosystem: SOL Strategies launched $stkeSOL ( Liquid Staking Token ) with an initial Stake of 500,000 SOL . This is a positive long-term sign for Solana 's DeFi TVL, but currently it's still not enough to withstand the heavy macroeconomic pressure.

In summary: This week, crypto is failing the "safe haven" test as global fiscal anxieties escalate. Investors should reduce leverage , closely monitor ETH's $3,000 mark, and especially not XEM warning signs from the bond market. 🚀

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Founded in 2018, BingX is one of the leading cryptocurrency exchanges with over 20 million users worldwide. BingX offers a diverse range of products and services, including spot trading, Futures Contract, copy trading, and more, catering to users of all levels. Furthermore, BingX is proud to be the official partner of Chelsea FC. Download the BingX app on iOS or Android now to begin your investment journey!

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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