Bitcoin Faces Renewed Pressure as Fed Leadership Shift, Bank Failure, and Gold Sell-Off Shake Markets (January 31, 2026)

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $2.79T, down by 0.19% over the last 24 hours.

Bitcoin (BTC) traded between $81,871 and $84,621 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $83,048, up by 0.74%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include SYN, ENSO, and INIT, up by 65%, 29%, and 17%, respectively.

Crypto Market Watch – Today:

• Kevin Warsh Nominated as Next Federal Reserve Chairman, Signaling Potential Policy Shift

• U.S. Government Experiences Partial Shutdown

• JPMorgan Highlights Bitcoin Futures Oversold, Gold and Silver Overbought

• BlackRock Sells Significant Bitcoin Holdings Worth $528.3 Million 

• Metropolitan Capital Bank & Trust Closure Marks First U.S. Bank Failure of 2026 

• Tennessee Considers Bitcoin Investment for Public Funds 

• SEC Rejects Roundhill's Attempt for 4x SPY ETF 

• India's U.S. Treasury Bond Holdings Hit Five-Year Low in 2023 

• Cathie Wood Asserts Gold, Not AI, Is the Real Market Bubble 

• Silver and Gold Experience Significant Price Drops

Market movers:

ETH: $2640.52 (-3.15%)

BNB: $837.45 (-0.17%)

XRP: $1.6967 (-2.53%)

SOL: $115.73 (+0.63%)

TRX: $0.2911 (+0.48%)

DOGE: $0.1117 (-1.65%)

WLFI: $0.1466 (-1.81%)

WBTC: $82872.68 (+0.71%)

ADA: $0.3105 (-3.54%)

BCH: $537.8 (-1.14%)