Weak sentiment dominates the cryptocurrency markets as traders await interest rate decisions from major central banks. The overall crypto market capitalization has seen a rise of less than half a percent over the last 24 hours. The stark disparity between digital currencies and precious metals has also impacted market sentiment negatively. The U.S. Federal Reserve and Bank of Canada are set to announce their interest rate decisions on January 28. This will be followed by announcements from the Reserve Bank of Australia, Bank of England, and the European Central Bank in the first week of February. Expectations surrounding interest rates from the Fed strongly indicate a pause on January 28. The CME FedWatch tool indicates that the probability of a Fed rate cut in the upcoming review stands at a mere 2.8 percent. Just a day ago, it stood at 4.4 percent. Nonetheless, expectations for interest rate cuts are indicating a gradual rise extending into 2026. The CME FedWatch tool indicates that the probability of the Fed’s current target rate of 3.50-3.75 percent dropping to 3.25-3.5 percent rises to 13.6 percent for the March review, 24.9 percent for the April review, and 46.4 percent for the June review.
Markets are currently analyzing the contrasting performance trends between cryptocurrencies and precious metals. Bitcoin has seen a year-to-date increase of 0.26 percent, whereas gold has surged by 17 percent so far in 2026. In a similar vein, silver has surged nearly 60 percent in 2026, while Platinum has experienced an increase of over 32 percent in the same year. Gold futures for April settlement are presently priced at $5,126.64 per troy ounce, reflecting a 0.08 percent increase over the last 24 hours. During the day’s trading session, prices reached an impressive all-time high of $5,145.20. The overall crypto market capitalization stands at $2.97 trillion, reflecting a 0.27 percent increase overnight. In the latest market update, 20 of the top 100 cryptocurrencies are experiencing overnight gains exceeding one percent. Simultaneously, 19 out of the top 100 cryptocurrencies are experiencing overnight losses exceeding one percent. Bitcoin has seen a slight dip of 0.09 percent over the last 24 hours, currently trading at $87,741.11. The current price sits approximately 30 percent beneath the all-time high of $126,198.07, which was reached on October 7, 2025. The original cryptocurrency has experienced a decline of 3.7 percent over the past week, yet it maintains year-to-date gains of 0.26 percent. The trading activity over the past 24 hours fluctuated between $88,834.17 and $87,019.70.
On Monday, Bitcoin Spot ETF products in the U.S. experienced net inflows totaling $7 million, a notable shift from the net outflows of $104 million recorded on Friday. The iShares Bitcoin Trust ETF has seen impressive inflows, reaching a total of $16 million. Ethereum has seen a slight increase of 0.26 percent overnight, now trading at $2,902.53. The prominent alternative cryptocurrency is currently trading at a staggering 41 percent below its all-time high of $4,953.73, which was reached on August 25, 2025. The trading activity over the past 24 hours fluctuated between $2,949.70 and $2,876.02. On Monday, Ethereum Spot ETF products in the U.S. saw net inflows of $117 million, a notable shift from the net outflows of $42 million recorded on Friday. The Fidelity Ethereum Fund has seen impressive net inflows amounting to $137 million. BNB, currently holding the 4th rank, experienced a rally of 0.72 percent overnight, pushing its price up to $877.90. BNB is currently trading 36 percent below its all-time high of $1,370.55, which was reached on October 13, 2025. XRP, currently holding the 5th rank, experienced a decline of 0.19 percent overnight, bringing its trading price to $1.88. This figure is approximately 51 percent lower than its all-time high of $3.84, which was reached on January 4, 2018. The 7th ranked Solana saw a 1 percent increase overnight, reaching a price of $123.73. SOL is currently trading approximately 58 percent lower than its all-time high of $294.33, which was reached on January 19, 2025.
TRON, currently ranked 8th overall, experienced a slight decline of 0.36 percent overnight and is now trading at $0.2942. The trading price currently sits at 33 percent below the cryptocurrency’s all-time high of $0.4407, which was recorded on December 4, 2024. Dogecoin, currently sitting at the 9th rank, saw a slight increase of 0.46 percent overnight, bringing its trading price to $0.1217. DOGE is currently trading at a staggering 83 percent below its previous peak of $0.7376, which was recorded on May 8, 2021. Cardano, currently holding the 10th rank, saw an overnight increase of 0.61 percent, bringing its trading price to $0.3493. ADA is presently trading at a staggering 89 percent below its all-time high of $3.10, which was reached on September 2, 2021. In a remarkable overnight surge, Pump.fun, currently ranked 60th, led the pack among the top 100 cryptocurrencies, achieving an impressive gain of over 24 percent. Hyperliquid, currently holding the 15th rank, experienced impressive overnight gains of 23.4 percent. 56th ranked River emerged as the standout performer overnight, despite facing a decline of over 28 percent among the top 100 cryptocurrencies. 75th ranked Story experienced overnight losses of 5.4 percent.