Crypto Market in Breif | 28 Jan 2026
On January 28, 2026, the total cryptocurrency market capitalization stood at approximately $3.01 trillion, with Bitcoin (BTC) trading in the $88,000 to $90,000 range amid mixed market signals and institutional outflows. The market was largely influenced by macroeconomic factors, including the U.S. Federal Reserve's decision to hold interest rates steady.
Key Insights
Market Stance: The crypto market experienced caution and consolidation as investors reduced risk exposure ahead of the Federal Reserve meeting.
Bitcoin Movement: BTC struggled to stabilize and failed to reclaim the $90,000 psychological level, hovering around $88,117 for much of the day.
Institutional Activity: U.S. spot Bitcoin exchange-traded funds (ETFs) saw net outflows of $19.64 million on January 28, while Ethereum (ETH) ETFs recorded minor inflows of $28.1 million.
Macroeconomic Pressure: A hawkish Fed stance and rising geopolitical risks steered some investors towards traditional safe-haven assets like gold, which was holding at record levels.
Altcoin Performance: Despite the broader market's cautious tone, some altcoins showed positive movement, including SOMI, FRAX, and JTO, which were among the top daily performers.
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