Daily Crypto Market Update
Friday, January 30, 2026
1. Market News Update
Regulatory Momentum: The U.S. Senate Agriculture Committee has advanced the Digital Asset Market Clarity Act on a 12-11 vote. This bill aims to place most non-security digital assets under CFTC oversight, providing a much-needed regulatory framework for spot markets.
Macro Headwinds: Bitcoin recently hit a 2026 low near $83.9K as risk assets faced a broader sell-off. Traders are reacting to the Fed's recent "higher for longer" stance and political debates over interest rates.
Stablecoin Utility: OKX has launched a new payment card in Europe, allowing users to spend stablecoins directly at merchants, signaling a shift from pure speculation to daily utility.
Trending Coins
BTC (Bitcoin): Dominating social and market volume as it tests multi-month support levels.
HYPE (Hyperliquid): Showing strong resilience and trend momentum despite the broader market dip, currently a top performer in the perp DEX sector.
DeepSnitch AI ($DSNT): Gaining significant attention in the presale and AI sector with over 32 million tokens reportedly staked.
Aster: Outperforming the market with a 15% gain over the last week, showing strong buyer interest.
Whale Activity
Ethereum Movement: A legendary whale wallet, dormant for 9 years, moved 50,000 ETH ($145M) to Gemini recently. The wallet still holds over 85,000 ETH.
Smart Money Divergence: While retail sentiment is fearful, on-chain data shows "smart money" wallets (10–10k BTC) have accumulated over 34,000 BTC in the last week, often a signal of a potential market bottom.
Leveraged Liquidations: High-frequency whale traders have faced significant losses on leveraged short positions near the $87k level, leading to tactical re-positioning.
Significant Volume Increases
Hyperliquid (HYPE): Maintaining massive 24h volume (~$778M) as traders migrate to decentralized perpetual platforms.
SUI: Volume remains high (~$850M) despite a 13% weekly price drop, indicating heavy battle between bulls and bears at current levels.
