Crypto Surges as BTC, ETH Rally Ahead of Fed Rate Decision; Altcoins Lead Gains

I. Crypto Market Overview

Key Takeaways

Macro Environment

The Federal Reserve is expected to keep rates unchanged today, maintaining a restrictive stance and dampening risk appetite. Australian inflation exceeded forecasts, prompting expectations of an imminent RBA rate hike and strengthening the AUD. Regulatory momentum continues, with Tether launching a compliant USAT stablecoin and the US Senate set to vote on a new crypto market structure bill.

Crypto Market

The crypto market rebounded, with BTC up 2.19% to $90,071 and ETH rising 3.85% to $3,026, driven by renewed risk appetite ahead of the Fed decision. Altcoins showed strong gains, led by PIPPIN (+54.7%), Hyperliquid (+22.3%), and Jupiter (+18.1%), fueled by exchange listings and ecosystem incentives. DeFi and meme sectors outperformed, while stablecoin outflows and ETF redemptions remain a headwind.

Today's Outlook

The US Federal Reserve will announce its interest rate decision today, with markets expecting no cut. This event is likely to drive volatility across crypto and global markets. Hong Kong and UAE regulators will sign a digital asset MOU, strengthening Asia-Middle East crypto cooperation and potentially impacting regional market sentiment.

Fear and Greed Index

8.00% Annual Percentile

35 Neutral

Total Crypto Market Cap

$3.05T

2.63%

Total Market Trading Volume

$115.32B

5.29%

Altcoin Season Index

0.00%

Quarterly Percentile

25 / 100

Total Futures Market Open Interest

3.72B

2.56%

Futures

673.43B

8.35%

Perpetuals

II. Industry Updates

Macro-economic Policies

The Federal Reserve is expected to keep interest rates unchanged at its January meeting, with futures markets pricing a 95% probability of no rate cut. This policy pause maintains a restrictive environment, contributing to continued capital outflows from the crypto market and resistance for Bitcoin near $90,000.

Australian CPI data for December showed a higher-than-expected 3.8% annual inflation rate, prompting all four major banks to forecast an imminent RBA rate hike next week. Anticipated monetary tightening has strengthened the Australian dollar and may reduce global risk appetite, potentially impacting DeFi liquidity and crypto trading volumes.

U.S. President Trump is expected to announce his choice for the next Federal Reserve chair as early as today, coinciding with the FOMC meeting. Market speculation around the new chair's policy stance could increase volatility in both traditional and crypto markets, affecting BTC and ETH price action.

Recent U.S. equity inflows have reached $1.6 trillion since 2020, four times higher than international stocks. This capital concentration supports U.S. asset prices and has historically correlated with bullish sentiment in major cryptocurrencies, especially during periods of high liquidity.

A new study finds that nearly 40% of U.S. merchants now accept crypto payments, with 84% expecting mainstream adoption within five years. This trend signals growing real-world utility for digital assets, supporting long-term demand for stablecoins and payment-focused tokens.

Cryptocurrency Regulatory Trends

Fidelity Investments launched the Ethereum-based stablecoin FIDD, fully compliant with the GENIUS Act, signaling increased regulatory acceptance and transparency for institutional and retail digital asset settlements.

HashKey Exchange partnered with Mox Bank to offer regulated crypto trading in Hong Kong, expanding compliant access to Bitcoin and Ethereum for retail users and strengthening Hong Kong’s position as a regulated digital asset hub.

South Korea’s Financial Services Commission delayed its decision on security token OTC exchange licensing, creating regulatory uncertainty and impacting the timeline for institutional digital asset infrastructure in the region.

Tether launched USAT, a new dollar-backed stablecoin issued under federal compliance via Anchorage Digital Bank, reflecting ongoing regulatory adaptation in the stablecoin sector.

The U.S. Senate Agriculture Committee is set to vote on a new crypto market structure bill this week, which could provide clearer regulatory frameworks and influence digital asset trading and investor confidence.

PIPPIN (PIPPIN): Price surged 46.5% in 24h with trading volume up 269.8% to $131M, driven by new Bitunix exchange listing and Trust Wallet integration.

Hyperliquid (HYPE): Gained 22.3% in 24h as trading volume hit $907M, boosted by Kraken listing and large new wallet deposits totaling $45M USDC for HYPE purchases.

Jupiter (JUP): Rose 12.7% in 24h with trading volume up 223% to $75M, fueled by anticipation of 200M JUP ASR rewards distribution and strong DEX fee growth.

Smart Money Movements

BlackRock deposited 1,156.87 BTC (about $103.87 million) and 19,644 ETH (about $59.23 million) into Coinbase, totaling $163 million in crypto transfers within the past 24 hours.

DDC Enterprise Limited acquired an additional 100 BTC, increasing its total Bitcoin holdings to 1,683 BTC, with an average cost of $88,130 per coin and a year-to-date return of 42.3%.

SRx Health Solutions allocated $18 million to Bitcoin and Ethereum as part of its capital strategy, diversifying its portfolio with direct crypto investments.

ANAP Holdings' subsidiary purchased 70.45 BTC for approximately $6.55 million on January 21, 2026, raising the company's total Bitcoin reserves to 1,417.03 BTC.

KBC Group, Belgium's second-largest bank, increased its stake in Bitcoin fund manager Strategy by adding 88,501 shares, bringing its total to 311,624 shares valued at $50.44 million.

Events to Watch

Jan 28 (Wed)

The US Federal Reserve will announce its interest rate decision; FOMC to vote on rates. Market expects no cut, with high impact on crypto and global markets.

Jan 28 (Wed)

Hong Kong SFC and UAE Capital Markets Authority sign MOU to enhance cross-border digital asset regulation, strengthening Asia-Middle East crypto cooperation.

Jan 28 (Wed)

Somate Blockchain Service conducts IDO on Spores; Moonbirds launches BIRB token on Solana. Both events may drive NFT and DeFi market activity.

Jan 29 (Thu)

Huddle01 token sale begins, running until Feb 3, focusing on Arbitrum and Lens Protocol ecosystems. Event may impact DeFi and communication DApps.

Jan 30 (Fri)

Infinex INX Token Generation Event takes place, introducing a new DeFi DEX multichain trading yield aggregator token to the market.

Table of Contents

I. Crypto Market Overview

Key Takeaways

Macro Environment

Crypto Market

Today's Outlook

II. Industry Updates

Macro-economic Policies

Recent U.S. equity inflows have reached $1.6 trillion since 2020, four times higher than international stocks. This capital concentration supports U.S. asset prices and has historically correlated with bullish sentiment in major cryptocurrencies, especially during periods of high liquidity.

A new study finds that nearly 40% of U.S. merchants now accept crypto payments, with 84% expecting mainstream adoption within five years. This trend signals growing real-world utility for digital assets, supporting long-term demand for stablecoins and payment-focused tokens.

Cryptocurrency Regulatory Trends

Fidelity Investments launched the Ethereum-based stablecoin FIDD, fully compliant with the GENIUS Act, signaling increased regulatory acceptance and transparency for institutional and retail digital asset settlements.

HashKey Exchange partnered with Mox Bank to offer regulated crypto trading in Hong Kong, expanding compliant access to Bitcoin and Ethereum for retail users and strengthening Hong Kong’s position as a regulated digital asset hub.

South Korea’s Financial Services Commission delayed its decision on security token OTC exchange licensing, creating regulatory uncertainty and impacting the timeline for institutional digital asset infrastructure in the region.

Tether launched USAT, a new dollar-backed stablecoin issued under federal compliance via Anchorage Digital Bank, reflecting ongoing regulatory adaptation in the stablecoin sector.

The U.S. Senate Agriculture Committee is set to vote on a new crypto market structure bill this week, which could provide clearer regulatory frameworks and influence digital asset trading and investor confidence.

Trending Tokens

PIPPIN (PIPPIN): Price surged 46.5% in 24h with trading volume up 269.8% to $131M, driven by new Bitunix exchange listing and Trust Wallet integration.

Hyperliquid (HYPE): Gained 22.3% in 24h as trading volume hit $907M, boosted by Kraken listing and large new wallet deposits totaling $45M USDC for HYPE purchases.

Jupiter (JUP): Rose 12.7% in 24h with trading volume up 223% to $75M, fueled by anticipation of 200M JUP ASR rewards distribution and strong DEX fee growth.

Smart Money Movements

BlackRock deposited 1,156.87 BTC (about $103.87 million) and 19,644 ETH (about $59.23 million) into Coinbase, totaling $163 million in crypto transfers within the past 24 hours.

DDC Enterprise Limited acquired an additional 100 BTC, increasing its total Bitcoin holdings to 1,683 BTC, with an average cost of $88,130 per coin and a year-to-date return of 42.3%.

SRx Health Solutions allocated $18 million to Bitcoin and Ethereum as part of its capital strategy, diversifying its portfolio with direct crypto investments.

ANAP Holdings' subsidiary purchased 70.45 BTC for approximately $6.55 million on January 21, 2026, raising the company's total Bitcoin reserves to 1,417.03 BTC.

KBC Group, Belgium's second-largest bank, increased its stake in Bitcoin fund manager Strategy by adding 88,501 shares, bringing its total to 311,624 shares valued at $50.44 million.

Events to Watch

Jan 28 (Wed)

Jan 28 (Wed)

Jan 28 (Wed)

Jan 29 (Thu)

Jan 30 (Fri)

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