Crypto Market Snapshot: Bitcoin Holds Near $89K as Majors Grind Higher

23-Jan-2026 Crypto Adventure
A clear, data-aware roadmap for reading November signals, planning entries, and sizing risk for the rest of Q4 crypto market

CoinGecko’s market dashboard shows the global crypto market cap around $3.11T with roughly $109.6B in 24h trading volume and Bitcoin dominance near 57.5%. The same data set also shows Ethereum dominance around 11.4%. Prices and dominance figures in this snapshot are taken from CoinGecko’s live market tables and charts.

Sentiment remains cautious. The Crypto Fear and Greed Index prints 24 today, which is still in Extreme Fear.

Derivatives positioning is still meaningful. CoinGlass reports about $131.2B in open interest, about $256.1B in 24h futures volume, and roughly $845.7M in 24h liquidations on its crypto futures dashboard.

Bitcoin (BTC)

Bitcoin trades around $89,472 with a modest 24h move and a stronger +6.4% gain over 7 days, according to CoinGecko’s top coins list. The market structure read is simple: BTC is still absorbing flows even while the broader market mood stays risk-aware.

What to watch next:

  • Dominance stability near 57.5% as a signal of whether capital stays concentrated in BTC.
  • Follow-through in spot volume versus derivative-driven moves.

Ethereum (ETH)

Ethereum trades around $2,945 and is up about +2.0% on the day and +10.9% over 7 days on CoinGecko’s table, which keeps ETH in “catch-up mode” relative to BTC on the week.

What to watch next:

  • Whether ETH outperformance persists, because it often changes the appetite for higher beta L1s and L2-linked names.
  • Whether dominance drifts higher from the 11% area.

BNB (BNB)

BNB Chain’s BNB trades around $890 and shows a small 24h uptick with a +4.8% weekly move on CoinGecko. BNB tends to trade like an infrastructure proxy, so it often reacts to broad risk tone rather than idiosyncratic headlines.

What to watch next:

  • Whether BNB holds its weekly gains if market-wide risk pulls back.
  • Any volume acceleration relative to other top majors.

XRP (XRP)

XRP Ledger’s XRP trades around $1.91 and is up about +2.2% in 24h and +7.9% over 7 days on CoinGecko’s top coins table. XRP’s tape looks momentum-positive for the week, but it still tends to be headline-sensitive, so moves can compress quickly.

What to watch next:

  • Whether XRP sustains its weekly trend while majors rotate.
  • Whether liquidity deepens or stays concentrated in short bursts.

Solana (SOL)

Solana trades around $127.72 and shows about +1.6% in 24h and +10.8% over 7 days on CoinGecko. That places SOL among the stronger weekly performers in the top cohort, which usually invites higher churn and faster rotations into adjacent Solana ecosystem tokens.

What to watch next:

  • Whether SOL keeps weekly strength without requiring a spike in leverage.
  • Whether ecosystem tokens outperform or lag as attention spreads.

TRON (TRX)

TRON trades around $0.309 and shows about +3.3% in 24h with a flat-to-slight weekly move on CoinGecko. TRX can behave more defensively than other majors during choppy tapes, so a stronger daily move without a big weekly run can signal a catch-up burst.

What to watch next:

  • Whether TRX follows through after a stronger 24h print.
  • Whether stablecoin and transfer narratives translate into sustained demand.

Top 5 Winners and Losers (24h)

The following movers come from CoinGecko’s top gainers and losers page with the 24h filter.

Top Winners
Rank Coin Price 24h Change 24h Volume
1 Kyuzo’s Friends (KO) $0.1410 +146.8% $12,933,175
2 BXN (BXN) $0.002098 +55.3% $430,554
3 0G (0G) $1.03 +35.1% $183,330,680
4 FIGHT (FIGHT) $0.02642 +27.9% $232,115,092
5 Sentient (SENT) $0.02661 +27.7% $281,220,456
Top Losers
Rank Coin Price 24h Change 24h Volume
1 Shmeegus (SHMEEGUS) $0.000008282 Down 100% $2,516,299
2 just a frog (FROG) $0.05892 -29.7% $211,708
3 The White Whale (WHITEWHALE) $0.04048 -26.5% $27,228,842
4 PAAL AI (PAAL) $0.03231 -18.8% $6,224,251
5 DUSK (DUSK) $0.1691 -17.9% $63,998,693
What This Tape Suggests

Three signals define today’s snapshot.

First, majors are broadly positive on the week, led by ETH and SOL, while BTC holds a strong base near $89K. That points to a “risk-on, but selective” market where capital is willing to rotate without fully flipping sentiment.

Second, sentiment is still pinned in Extreme Fear, which often creates a split market: buyers push price up, but many participants remain quick to de-risk on any sharp red candle.

Third, derivatives remain active. High open interest and meaningful liquidation totals suggest price can still be pushed by leverage flows rather than only spot demand.

What To Watch Next

  • A break in either direction for BTC dominance, because it usually leads the next rotation.
  • Whether ETH keeps outperforming BTC over multiple sessions.
  • Whether SOL holds weekly strength without accelerating liquidation events.
  • Whether today’s winners and losers are idiosyncratic spikes or the start of sector rotation.

Conclusion

Today’s market is constructive on the weekly view, with Bitcoin holding near $89K and top majors like Ethereum, XRP, and Solana showing positive momentum.

At the same time, the Fear and Greed Index remains in Extreme Fear and derivatives positioning is still heavy. That combination often produces sharp intraday swings even when the trend is up, so the cleanest read is a market that is moving higher while still trading defensively.

The post Crypto Market Snapshot: Bitcoin Holds Near $89K as Majors Grind Higher appeared first on Crypto Adventure.

Also read: Solana (SOL) Price: Tests Critical $124 Support Level as Technical Indicators Flash Warning Signs
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