Current state of the crypto market (January 24, 2026) shows stability with a slight decline and prevailing fear among investors.
The total cryptocurrency market capitalization is hovering around $3.02T, with a minor drop of about 0.1% in the last 24 hours. The market is in a consolidation phase after a volatile start to the year, following a correction from the peaks reached at the end of 2025.
Bitcoin (BTC) is trading around $89,400–$89,500, with small daily changes (slight dip or flat). Bitcoin dominance remains high at 59.2%, meaning capital continues to favor BTC over altcoins. This is also reflected in the Altcoin Season Index sitting at just 29/100 – far from altcoin season, firmly in "Bitcoin season" mode.
Ethereum (ETH) is around $2,950–$2,952, also virtually unchanged. Other top coins look like this (based on the latest index weights):
BNB ~$890 (4.7% weight in top indices)
XRP ~$1.92 (4.5%)
SOL ~$127 (2.8%)
TRX, DOGE, ADA and others with smaller shares
Fear & Greed Index is at 35 (in the Fear zone, close to "Extreme Fear" levels mentioned around 24–25 in some sources). This indicates pessimistic sentiment – investors are cautious, there is fear of further correction, partly due to macro factors (geopolitics, stronger dollar, gold/silver at records).
Other indicators:
ETH gas fees very low (0.04 Gwei) → network is calm, little activity.
Options volatility: BTC ~39–40, ETH higher ~57 → ETH options pricing in more movement.
ETFs: High total open interest in perpetuals/futures, but the market remains quiet.
In summary: The market is in a "fear" phase, Bitcoin holds dominance, altcoins are lagging, no signs of a big pump yet. This is classic consolidation after the 2025 run-up – potential accumulation opportunity if you believe in the long-term recovery, but short-term caution is warranted as sentiment remains negative.
What do you think – is this the bottom or is another leg down coming? 🚀📉
#fear&greed
#Sentiment! $TRX $ADA $XRP