Big moves may be loading while traders watch global news and regulation updates closely

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The crypto market on January 23, 2026, is showing mixed movement, with major coins trading in a narrow range. After a very strong run in late 2025, prices are now slowing down as investors react to global news, regulation talks, and overall market mood. Volatility is still present, but panic selling is not visible at the moment.

Bitcoin Price Today

Bitcoin is trading close to the $89,000–$90,000 level today. The current price is around $89,876, with an intraday high of $90,141 and a low of $88,523. Price movement remains choppy as Bitcoin struggles to hold above the psychological $90,000 mark.

Market sentiment around Bitcoin has weakened slightly due to delays in US crypto regulation decisions. The pending market structure bill in the Senate has not moved forward, creating uncertainty for large investors. At the same time, some institutional funds have reduced short-term exposure, which added selling pressure.

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Ethereum Market Update

Ethereum is trading near $2,972, slightly lower than recent levels. The price reached a daily high of $3,022.98 and dipped to a low of $2,908.92. 

Large holders have been quietly accumulating Ethereum during this dip, which many analysts see as a positive sign. Network upgrades and continued use of Ethereum in decentralized finance are keeping long-term interest alive. 

Solana and Other Altcoins

Solana, which currently trades at $128.82, reached its daily peak at $130.41 while its lowest point was $126.86. The price experienced downward pressure after news emerged that a long-term holder had unstaked approximately 98,000 SOL. 

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Cardano is near $0.36, showing limited movement. Many altcoins display weaker performance than Bitcoin. The market shows declines for both XRP and mid-cap tokens due to US regulatory delays.

Macro Events Affecting Crypto Prices

Global financial conditions are playing a major role in today’s crypto prices. Traditional markets have shown mild recovery, but investors are still shifting funds toward safer assets like gold and silver, which are nearing record highs. The current market trend results in decreased investment activities toward cryptocurrency assets, which carry higher risk.

Market Outlook and Sentiment

Crypto market sentiment today presents a cautious investor attitude. Traders consider the current price movement as a consolidation stage following last year’s significant price increase. The institutional market keeps showing interest through new financial products, which include crypto-linked ETFs and hedge funds that focus on market volatility.

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Digital assets will continue to draw institutional interest despite the slow movement of short-term price changes. The crypto market appears to be pausing because it needs to observe macro signals, and it is waiting for the upcoming major market driver.