Volatility is still there, but confidence looks a little weak today

The global cryptocurrency market is showing mixed movement on January 29, 2026. Prices of major digital coins are slightly lower, while some altcoins are moving in different directions. Traders are reacting to economic news, interest rate signals, and fresh updates from the crypto industry. Market mood looks cautious, with buying and selling happening in small ranges instead of big jumps.

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Bitcoin and Ethereum, the two biggest cryptocurrencies, are both trading lower compared to earlier highs. The market is waiting for stronger signals from the global economy and government policy before choosing a clear direction. Volatility is still present, but not extreme at the moment.

Bitcoin 

Bitcoin is trading at $87,865, down about 0.99% from the previous close. The day’s high is $90,276, and the low is $87,651, showing that the price is moving in a small range near the important $88,000 level.

Bitcoin tried to go above $90,000 but could not stay there. This level is now seen as strong resistance. Support is forming between $86,000 and $87,000, meaning buyers are still present but not strong enough to push prices higher.

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Market sentiment about Bitcoin is mixed. Some investors remain positive due to long-term growth and big company interest. 

Ethereum and Major Coins

Ethereum is trading at $2,944.44, down by about 1.55%. The intraday high stands at $3,037.6, and the intraday low is $2,944.33. Ethereum is staying below the important $3,000 level, which has become a key resistance point.

Price movement for Ethereum is also slow and steady. Traders are waiting for new triggers such as technology upgrades, DeFi activity, and general market strength. Ethereum continues to be the main platform for smart contracts and decentralized finance, but short-term price action is limited.

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Other large coins are also showing mixed trends. The total crypto market value remains in the multi-trillion-dollar range, but trading volume is not very high. This suggests hesitation and a lack of strong confidence in either direction.

Altcoin Performance

Altcoins are moving in different ways today. Binance Coin (BNB) is staying strong near important price levels. It made small gains earlier and is now moving sideways, showing steady trader interest.

TRON (TRX) is slightly down because it looks overbought, which has led to some selling. Cosmos (ATOM) is trading near $2.22 and remains calm with little price change. Pi Network (PI) is under pressure as demand for smaller coins is weak.

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Overall, altcoins are not following Bitcoin closely. Some are going up while others are going down, giving the market a mixed look.

Macro and Regulatory News

Big economic factors are affecting crypto prices today. The Federal Reserve has kept interest rates the same. This has slowed down risk-taking in markets like crypto and stocks. The Fed also said future decisions will depend on new data, making investors cautious and unsure.

In political news, a major crypto law in the United States is close to a Senate vote. Changes are still being discussed, which could affect how digital assets are controlled. The White House is also talking with banks and crypto firms about stablecoin rules and banking access. This shows that crypto rules are still developing and not fully clear yet.

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A new token called XYZ has been listed on the MEXC exchange today. New listings often bring short-term excitement and trading activity, especially among smaller investors.

Some analysts are also talking about a possible weakness in the US dollar. A softer dollar often supports assets like Bitcoin, but the effect is still not fully seen in today’s prices.

Market Sentiment and Outlook

Market sentiment on January 29, 2026, is careful but active. Traders are not making big trades and are waiting for clear news from the economy and government.

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Bitcoin staying below $90,000 and Ethereum under $3,000 shows the market is unsure. Short-term price changes are expected to continue as rules and economic signals guide the market.

Overall, the crypto market looks stable but uncertain, with investors watching new updates closely and trading with caution.