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The cryptocurrency market is experiencing a decline today, with the total market capitalisation dropping by 1.6% to $3.24 trillion. At present, 65 of the top 100 cryptocurrencies have seen a decrease over the last 24 hours. Concurrently, the overall crypto trading volume is at $150 billion.
TLDR:
Crypto Winners & Losers
As of Wednesday morning, 9 of the top 10 cryptocurrencies by market capitalisation have experienced price declines over the past 24 hours.
Bitcoin (BTC) has decreased by 1.9% since this time yesterday, currently valued at $91,799.
Bitcoin (BTC)24h7d30d1yAll time
Ethereum (ETH) has dropped by 0.5%, now trading at $3,211.
The largest decline at the time of writing is 4.7% from XRP, currently priced at $2.25.
This is followed by BTC’s 1.9% drop, and Dogecoin (DOGE) with a 1.6% decrease to $0.1483.
Tron (TRX) often moves against the trend and is doing so today. It is the only coin in the green, having increased by 1.1% and trading at $0.2944.
Among the top 100 cryptocurrencies, 65 have reported declines. Provenance Blockchain (HASH) is the only one with a double-digit percentage drop, down 10.3% to $0.02686.
Mantle (MNT) follows with a 5.9% drop, trading at $1.05.
On the upside, Hyperliquid (HYPE) and MemeCore (M) have risen by 3.4% and 3.2% to $27.42 and $1.68, respectively.
The remaining coins on this brief list have appreciated by 1.1% or less.
Meanwhile, the U.S. Department of Justice (DOJ) has liquidated 57 BTC confiscated from Samourai Wallet developers via Coinbase Prime on November 3, 2025.
Senator Cynthia Lummis has condemned this action, stating that the United States “cannot afford to waste these strategic assets while other nations are stockpiling bitcoin. I am profoundly troubled by this report,” she added.
‘Dovish US Fed Remarks’
On Tuesday, US Federal Reserve Governor Stephen Miran indicated that the current interest rate policy is “clearly restrictive.” He noted that there is justification for rate reductions “well in excess of 100 basis points” in 2026.
According to Bitunix analysts, “the statements are notably dovish and sharply contrast with the views of some officials who believe the policy is already close to neutral, highlighting the growing internal divergence within the Federal Reserve regarding the economic outlook and the suitable policy approach.”
They contend that,
“The key issue is not merely the comments of a single official, but the convergence of policy divergence with crucial data releases. The trajectory of employment data will determine whether markets lean toward a ‘rate pause’ narrative or begin to anticipate deeper and earlier easing. For the crypto market, the primary focus continues to be whether liquidity expectations will experience a significant turning point.”
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Additionally, Fabian Dori, CIO at Sygnum, commented on the recent surge in ETF demand, suggesting that it is “increasingly significant for market structure.”
Dori notes that ETF demand is steadily absorbing circulating supply, indicating a potential long-term demand shock rather than short-term speculative flows.
Moreover, recent regulatory changes “are reinforcing structurally higher participation from institutional investors rather than tactical inflows.” This includes reduced barriers to the establishment of crypto ETFs.
Dori explains that this shift is part of the broader “debasement trade,” as institutions are increasingly reallocating into scarce, non-dilutive assets like Bitcoin. Furthermore, major U.S. banks, such as Bank of America and Morgan Stanley, are enhancing access to spot Bitcoin ETFs amidst rising sovereign debt and ongoing inflation uncertainty, according to an email.
Levels & Events to Watch Next
As of Wednesday morning, BTC was valued at $91,799. It has experienced a rather volatile trading day.
The coin initially dropped from the intraday high of $94,343 to a low of $91,544. It bounced back to the $93,600 level before nearly returning to the intraday low again.
If the coin manages to maintain the $91,000 level, it could soon see another increase towards $94,000 and $96,000. However, if BTC dips below $90,000, it may be pulled back to the $85,000 level.
Bitcoin Price Chart. Source: TradingView
Ethereum is currently trading at $3,211. It has also experienced several significant recoveries and drops over the past 24 hours.
It surged multiple times towards the intraday high of $3,300 before falling towards the intraday low of $3,196.
ETH might be heading toward the sub-$3,100 levels, followed by a potential retracement towards $2,900. However, if it holds its ground, it may continue its recent upward momentum towards $3,600 and $3,800.
Ethereum (ETH)24h7d30d1yAll time
Meanwhile, the sentiment within the crypto market has remained stable for the past two days, firmly positioned in neutral territory.
The crypto fear and greed index is at 49 today, the same as yesterday. While some optimism persists, caution is on the rise.
Importantly, this metric has stayed out of the fear zone for just a week now, since the start of this year, so it will be intriguing to see the direction it takes following this latest pause.
BTC ETFs Go Red, ETH ETFs Hold Green Streak
After a few days of gains, the US BTC spot exchange-traded funds (ETFs) reported negative flows. On Tuesday, they lost $243.24 million in total. Consequently, the total net inflow has decreased to $57.54 billion.
One of the twelve BTC ETFs experienced inflows, while five saw outflows. BlackRock recorded the only inflow of $228.66 million.
The largest outflow came from Fidelity, totaling $312.24 million, followed by Grayscale with $115.8 million.
In contrast, US ETH ETFs saw another day of positive flows on January 6, marking the third consecutive day, with $114.74 million. The overall net inflow has slightly risen to $12.79 billion.
Out of the nine funds, three reported inflows, and three registered outflows. BlackRock attracted $198.8 million in inflows, followed by 21Shares and Bitwise with $1.62 million and $1.39 million, respectively.
On the flip side, Grayscale experienced total outflows of $85.45 million on Tuesday, followed by Fidelity with $1.62 million.
Meanwhile, index provider MSCI plans to exclude digital asset treasury firms from its equity indexes.
“Differentiating between investment companies and other firms that hold non-operating assets, such as digital assets, as part of their core operations rather than for investment purposes requires further research and consultation with market participants,” MSCI stated.
MSCI confirmed that Digital Asset Treasury Companies will remain in MSCI Indexes for the February 2026 review. A positive outcome for neutral indexing and economic reality. Thank you to our investors and the $BTC community.
— Strategy (@Strategy) January 6, 2026
Quick FAQ
- Did crypto move with stocks today?
The cryptocurrency market experienced a loss over the last 24 hours. In contrast, the US stock market maintained a green streak, closing sharply higher during the Tuesday session. By the close on Tuesday, January 6, the S&P 500 was up 0.62%, the Nasdaq-100 increased by 0.94%, and the Dow Jones Industrial Average rose by 0.99%.
- Is this drop sustainable?
This is a minor decline, and the market has the potential to move in either direction from this point. While analysts suggest that there is still room for prices to rise, the direction may be influenced by upcoming macroeconomic factors.
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