Key events in the crypto world in the past 24 hours! 1-minute overview of overnight market movements | January 26th

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Instead of seeing a market rally, we got a sharp drop in prices. Is that right?

1⃣ Can BTC get any worse? It went straight to 87k, how many brothers' bones must have been buried by that?

2️⃣ #ETH is falling along with the big brother, it's around 2800 now, it's really terrible, if it can't hold, it may continue to fall.

3️⃣ #SOL was trending quite well, and everyone thought there might be hope, but it was dragged down by Bitcoin and has to wait for BTC to stop falling.

4⃣ Nietzsche's Penguin ( #PENGUIN ) rose 6000 times, then halved from its peak, briefly falling below $70 million in the early morning.

That was a ruthless move.

5⃣ #gold #Silver continues to play music and dance.

Spot gold rose 1.00% on the day, currently trading at $5,036.18 per ounce; spot silver rose 2.21% on the day, currently trading at $105.51 per ounce.

Has crypto been completely abandoned? ...

6⃣ Bitcoin OG added $20 million USDC to Hyperliquid to avoid liquidation, and its overall unrealized loss has expanded to approximately $83.4 million.

This indicates that both short sellers and long sellers with high leverage are having a tough time, and the market is highly polarized.

7⃣ Rick Rieder's probability of becoming the next Federal Reserve Chairman has risen to 58%, making him the frontrunner.

The probability of Walsh, who was previously the frontrunner, being elected has dropped to 28%, while the probability of Waller and Hassett being elected is 6%.

8⃣ This Thursday: At 3:00 AM (Beijing time), the Federal Reserve FOMC will announce its interest rate decision.

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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