Why Is Crypto Up Today? – January 27, 2026
- The cryptocurrency market capitalisation is up by just 0.1% over the past 24 hours by the time of writing, meaning it’s largely unchanged.
- It still stands at $3.05 trillion, the same as yesterday.
- Also, 77 of the top 100 coins posted price increases.
- Moreover, the total crypto trading volume stands at $113 billion.
What Happened
Investors across markets await a fresh batch of tech earnings reports coming from the US, as well as the decision by the US Federal Reserve on interest rates. It remains to be seen how – if at all – these will affect the crypto market specifically.
Moreover, markets are in risk-off mode as gold and silver surge. This shows that investors are “rushing to traditional safe-haven assets amid increasing levels of geopolitical risk.”
Additionally, both retail and institutional crypto investors remain on the defensive, Kozyakov added. Retail-driven sectors and institutional participation have retreated.
Market Context
The crypto market is up today – but just barely. The cryptocurrency market capitalisation is up by just 0.1% over the past 24 hours by the time of writing, meaning it’s largely unchanged. It still stands at $3.05 trillion, the same as yesterday. Also, 77 of the top 100 coins posted price increases. Moreover, the total crypto trading volume stands at $113 billion.
On Tuesday morning (UTC), we find 7 of the top 10 coins per market capitalisation up and three down (not taking stablecoins into consideration).
Bitcoin (BTC) fell by 0.1%, currently trading at $87,702. It, too, like the market in general, is unchanged in a day.
The highest fall among the top 10 is 0.3% by Tron (TRX), now trading at $0.2942.
It’s followed by Binance Coin (BNB)’s 0.6%, now trading at $876.
Furthermore, of the top 100 coins per market cap, 77 have posted price increases today.
Next up is Hyperliquid (HYPE)’s 22.6% to the price od $27.28.
Petr Kozyakov, co-founder and CEO at Mercuryo, commented that BTC “stands precariously” at about $87,000. It currently “continues to teeter in the grip of bearish sentiment.” As the week began, it fell to the $86,100 level in “frenetic Asian trading.”
More precisely, the current pause is a macro-driven repricing of the discount rate, Xue says, as “the market’s hope for an aggressive 2026 easing cycle has significantly cooled.”
The spot ETF inflows remain a resilient floor, he says. But they are currently acting as a “passive wall” and not an active engine of price discovery.
Why It Matters
Meanwhile, Fundstrat managing partner Tom Lee argued crypto fundamentals remain intact despite recent underperformance and that BTC and ETH could surge when the gold and silver rally begins to cool.
Details
Crypto Winners & Losers
Ethereum (ETH) appreciated just 0.3%, changing hands at $2,901.
At the same time, Solana (SOL)’s 1% is the category’s highest increase. It currently stands at $123.
Pump.fun (PUMP) leads this list with a 24.7% rise to $0.003134.
Provenance Blockchain (HASH) is the only other double-digit increase, rising 19.3% to $0.02739.
Of the red coins, River (RIVER)stands at the top, having plunged by 32.6%, reverting nearly all yesterday’s gains. It now stands at $58.14.
The rest are down 5% and less per coin.
BTC’s Psychological Battleground
Meanwhile, Jimmy Xue, co-founder and COO of Axis, argued that Bitcoin’s $90,000 pause is a “macro repricing, not a demand breakdown.”
Per Xue, “the $90,000 level has become a psychological battleground where macro traders are taking profits to hedge against a restrictive Fed, even as long-term institutional accumulators continue to buy the dips.”