Daily Crypto Market Update
Sunday, February 1, 2026 — 7:00 AM IST
1. Latest Crypto Market News
India Budget Day Focus: In India, today is Union Budget 2026 day. The Indian crypto community is closely watching for a potential rationalization of the 1% TDS (hoping for 0.1%) and the ability to offset losses. The stock and commodity markets are holding special Sunday sessions today in light of the budget.
Fed Reaction & Warsh Nomination: The market is still digesting the nomination of Kevin Warsh as Fed Chair. While Bitcoin initially dipped to $81k on uncertainty, it has since stabilized near $84,000, showing resilience against a strengthening U.S. Dollar.
Corporate Stash: Reports indicate that a potential SpaceX & Tesla merger would consolidate a combined portfolio of nearly 20,000 BTC (~$1.7B), making the combined entity the 7th largest corporate holder globally.
2. Trending Coins
Hyperliquid (HYPE): The top performer of the week, up 34.7% recently. It is drawing massive attention as a leading decentralized perpetual exchange.
Solana (SOL): Trending due to the Alpenglow upgrade narrative and testing of 150ms finality, aiming for mainnet launch this quarter.
DeepSnitch AI (DSNT): Gaining traction in the AI-crypto sector, with over 32 million tokens staked during its current presale phase.
Worldcoin (WLD): Up 10.3% following OpenAI’s biometric social media rumors.
3. Whale Activity
LINK Accumulation: Top 100 Chainlink (LINK) whales have added 16.1 million tokens below $13. This "smart money" accumulation while retail sells is a classic bullish divergence.
ETH Long/Short Battle: A major whale recently closed a $37M short on Ethereum near $2,900. While some legacy whales are moving ETH to exchanges, new whales are aggressively defending the $2,800–$3,000 zone.
Aster (ASTER): Whales holding >$1M have purchased 15 million tokens recently, signaling long-term confidence despite short-term price drops.
4. Significant Volume Increases
BNB: Seeing steady volume growth as the Binance ecosystem integrates more utility and burns.
Sui (SUI): Trading volume remains high (~$800M+) as it battles for dominance in the high-speed Layer-1 sector.
Hyperliquid (HYPE): Volume continues to surge, outpacing many centralized exchanges in the perpetual markets.
