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29 Jan 2026, 12:51
Bitcoin could 6x following Gold’s RSI, according to macro expert
Gold’s momentum is reaching unprecedented levels, raising questions about what could come next not only for the precious metal but the crypto market as well, specifically Bitcoin ( BTC ). Namely, the gold price has now pushed its Relative Strength Index ( RSI ) above 91, a level that has been recorded only once before in history, December 1979, just before a prolonged consolidation phase. Something similar also took place in August 2020, when gold again surged to record highs, just before consolidating and letting Bitcoin go on a nearly sixfold run over the subsequent cycle. Understandably, the historical parallel has left investors wondering whether gold may once again be nearing a consolidation phase and potentially set the stage for renewed upside in its digital counterpart. According to Michaël van de Poppe, macro market expert and crypto trading analyst, the current gold setup is historically extreme and could have implications for Bitcoin. “Gold’s RSI above 91 has only happened once before — in 1979. It’s now higher than August 2020, which was followed by gold consolidating and Bitcoin rallying 5–6x,” said van de Poppe. Gold price and RSI. Source: Michaël van de Poppe (@CryptoMichNL) Gold rallies to record highs The ongoing gold rally is largely the result of escalating geopolitical tensions and weakening of the U.S. dollar, with markets reacting to renewed threats of military action by United States President Donald Trump against Iran. Indeed, bullion climbed above $5,500/oz on Thursday, up more than 20% since the start of the year. Last year, for comparison, the precious metal jumped 64% in total thanks to the new administration’s overhaul of global trade relationships and international institutions. Gold’s strong performance has also been supported by waning confidence in other traditional safe havens, particularly government bonds , as investors grow increasingly uneasy about the scale of public debt across major developed economies, including the United States. Meanwhile, the Federal Reserve left interest rates unchanged on Wednesday, January 28, keeping the benchmark policy rate in a 3.5% to 3.75% range. Speaking at a press conference following the decision, Fed Chair Jerome Powell said the central bank would consider cutting rates once inflation shows clearer signs of easing. Bitcoin’s trajectory uncertain As for crypto, Bitcoin’s trajectory remains unknown. The market is currently weighing weakening technical signals against the potential for renewed institutional demand. Regulatory catalysts are thus in focus, as upcoming discussions around U.S. crypto legislation and the possible outline of U.S. Strategic Bitcoin Reserve could both unlock fresh institutional capital or result in more uncertainty. Whale accumulation, however, provides support. Large holders have been buying en masse and tightening the liquid supply in the process. Historically, such activity has tended to precede periods of heightened volatility. All in all, the market appears to be in a waiting phase, with investors closely watching for new policy developments that could tip the balance toward the next major move in a setup characterized by extreme gold momentum and changing macroeconomic conditions. Featured image via Shutterstock The post Bitcoin could 6x following Gold’s RSI, according to macro expert appeared first on Finbold .
29 Jan 2026, 12:42
Why Is Crypto Down Today? – January 29, 2026
The crypto market is down today. After a single day of increases, it fell 1.7% over the past 24 hours to the current $3.06 trillion. Also, 90 of the top 100 coins fell in this period. The total crypto trading volume stands at $124 billion. TLDR: Crypto market cap is down 1.7% on Thursday morning (UTC); 90 of the top 100 coins and 9 of the top 10 coins have gone down; BTC decreased by 1.7% to $87,820, and ETH fell 2.5% to $2,942; The drop follows economic stress, lack of fresh capital, and geopolitical pressure; ‘This period of consolidation allows for a necessary reset’; Rate cuts are unlikely until later in the year; This environment could reinforce BTC’s and ETH’s ‘roles as hedges against medium-term monetary pressures and dollar debasement narratives’; Markets are set up for a holding pattern, not a policy pivot; This period of consolidation allows for a necessary reset; Sygnum raised 750 BTC for the Starboard Sygnum BTC Alpha Fund; US spot BTC ETFs posted outflows of $19.64 million, and spot ETH ETFs saw $28.1 million in inflows; Crypto market sentiment saw a minor increase within the fear zone. Crypto Winners & Losers On Thursday morning (UTC), 9 of the top 10 coins per market capitalisation have seen their prices decrease. Bitcoin (BTC) fell by 1.7%, the same amount it had gone up yesterday, currently trading at $87,820. This is the smallest green percentage in the category. Bitcoin (BTC) 24h 7d 30d 1y All time Ethereum (ETH) is down 2.5%, changing hands at $2,942. The highest drop in this category is Dogecoin (DOGE)’s 4.5% to $0.1214. It’s followed by Solana (SOL)’s 3.4% fall to the price of $122. Binance Coin (BNB) saw the smallest drop, 1%, now trading at $896. At the same time, the only increase among the top 10 is 0.8% by Tron (TRX) , now trading at $0.2945. Furthermore, of the top 100 coins per market cap, 90 have posted price decreases today. Pump-fun (PUMP) fell the most, with the only double-digit drop of 10% to $0.003001. River (RIVER) is next, having dropped 7.3% to the price of $50.56. On the green side, Worldcoin (WLD) appreciated the most in this category. It’s up 5.4% to $0.4898. PAX Gold (PAXG) is next, rising 4.7% to $5,540. The day’s decrease follows a hawkish-leaning US Federal Reserve , lack of fresh capital , and geopolitical stress. Bitcoin has slipped below $89,000 as a hawkish-leaning Federal Reserve and Middle East tensions sap risk appetite. #Bitcoin #Crypto https://t.co/4mmQhy93nE — Cryptonews.com (@cryptonews) January 29, 2026 Reinforcing Consolidation Gracy Chen, CEO at Bitget , commented on the US Federal Reserve’s decision to hold interest rates steady at 3.50%–3.75% during its first policy meeting of 2026. This was as expected and consistent with market pricing, Chen says. Moreover, rate cuts are unlikely until later in the year, provided there’s no clear weakness in economic data. A rate-hold preserves existing liquidity and supports risk assets without tightening financial conditions further – so it could be constructive for the crypto market in the near term. Maintaining stability while monitoring incoming data supports Bitcoin’s and Ethereum’s resilience and “broader crypto adoption under a macro regime that has yet to signal aggressive tightening.” Currently, BTC and ETH have traded “relatively flat, holding key psychological levels as traders reassess risk appetite and positioning rather than immediately reacting to a policy shift.” Per Chen, “Bitcoin is likely to keep consolidating in the $88,000–$91,000 range, with attempts to break out toward the $95,000 psychological level.” But both of these coins could benefit from the steady US policy, she argues. This environment could “help sustain risk appetite” and reinforce BTC’s and ETH’s “roles as hedges against medium-term monetary pressures and dollar debasement narratives – particularly if future data points suggest easing later in 2026. Jimmy Xue, co-founder and COO of Axis , commented that a signal that Quantitative Tightening (QT) will persist at current levels, despite political pressure, could act as a ceiling for risk assets. The ‘debasement trade’ would remain the primary driver. And “any perceived loss of Fed independence amid ongoing DOJ scrutiny may ironically provide the floor that crypto needs, even if interest rates remain higher for longer,” Xue says. Providing Necessary Market Reset Fabian Dori, CIO at Sygnum Bank , says that markets are set up for a holding pattern, not a policy pivot. This was confirmed by the FOMC meeting. The meeting outcome was “always more likely to reinforce consolidation than trigger a directional break. The next thing to watch is whether the growing political overhang around Fed independence starts to show up more explicitly in Fed communication, and in how markets price policy risk.” Meanwhile, Nic Roberts-Huntley, CEO and co-founder of Blueprint Finance , argued that “the underlying market structure for digital assets is arguably healthier than it was during the leverage-fueled peaks above $125,000.” Importantly, this period of consolidation allows for a necessary reset, he says. Per Nic Roberts-Huntley, “shifting the focus from speculative froth back to long-term fundamentals and the potential for a renewed rally once macro clarity improves. Looking ahead, the interplay between fiscal policy and the central bank’s eventual pivot will remain the primary driver for risk-asset sentiment through 2026.” Levels & Events to Watch Next At the time of writing on Thursday morning, BTC was changing hands at $87,820. The day began at $90,315, but the coin has gradually dropped below the $90,000 level and to the intraday low of $87,653. Over the past week, BTC fell 2.4%. It traded between $86,319 and $90,475 during this period. Failing to stay above $86,000 would take BTC back to $85,300 and then to the $83,000-$84,000 zone. Bitcoin Price Chart. Source: TradingView At the same time, Ethereum was trading at $2,942. Earlier in the day, the coin stood at the intraday high of $3,036. It then decreased below the $3,000 zone and to a low of $2,934. ETH is down 2.2% over the last seven days. It moved in the $2,801-$3,034 range. The coin couldn’t hold the $3,000 level. Additional drops would take ETH to $2,890, $2,790, and $2,650. Ethereum (ETH) 24h 7d 30d 1y All time Meanwhile, the crypto market sentiment posted a small increase since this time a day ago. It’s again standing on the verge between fear and neutral zones, but still standing in the former. The crypto fear and greed index currently stands at 38 , compared to 34 recorded yesterday. This level indicates a minor rise in optimism among the market participants, which followed the equally minor rise in the crypto market cap. It will not see a significant move upwards without a notable market rally. Source: CoinMarketCap ETFs Post Mixed Results The US BTC spot exchange-traded funds (ETFs) closed the Wednesday session with negative flows. They recorded $19.64 million in outflows on 28 January. The total net inflow decreased to $56.33 billion. Looking at the twelve ETFs, we find one green and three red ones. Fidelity posted inflows of $19.45 million. BlackRock let go of $14.18 million, followed by Bitwise’s $12.61 million and Ark & 21Shares’ $12.3 million in outflows. Source: SoSoValue On the other hand, the US ETH ETFs posted minor inflows during the Wednesday session, with $28.1 million . The total net inflow increased to $12.38 billion. Of the nine ETH ETFs, two saw inflows, and none saw outflows. BlackRock recorded $27.34 million in positive flows, followed by Fidelity’s $752,030. Source: SoSoValue Meanwhile, in the first four months, digital asset banking group Sygnum raised 750 BTC for the Starboard Sygnum BTC Alpha Fund from professional and institutional investors. “The strategy captures pricing dislocations across major crypto markets by leveraging arbitrage opportunities between spot and derivatives instruments,” the company says, while maintaining “a market-neutral exposure that seeks to limit reliance on Bitcoin’s day-to-day price movements.” News: Sygnum and Starboard Digital raise over 750 BTC for BTC Alpha Fund Over 750 BTC raised from professional investors in first four months, validating institutional demand for yield-generating Bitcoin strategies First regulated bank globally to offer market-neutral… pic.twitter.com/1PTHym83RW — Sygnum Bank (@sygnumofficial) January 29, 2026 Quick FAQ Did crypto move with stocks today? The crypto market cut the latest brief green streak, decreasing over the past 24 hours. Meanwhile, the US stock market closed the previous session relatively unchanged. By the closing time on Wednesday, 28 January, the S&P 500 was down 0.0082%, the Nasdaq-100 increased by 0.32%, and the Dow Jones Industrial Average rose by 0.025%. This came after the US Federal Reserve kept interest rates steady. Is this drop sustainable? A drop is typical and was expected, and minor decreases tend to be healthy for the market. The crypto market is still trading in a consolidation range, and it will likely continue doing so in the short term. You may also like: (LIVE) Crypto News Today: Latest Updates for January 29, 2026 The crypto market is down today. After a single day of increases, it fell 1.7% over the past 24 hours to the current $3.06 trillion. Also, 90 of the top 100 coins fell in this period. The total crypto trading volume stands at $124 billion.Crypto Winners & LosersOn Thursday morning (UTC), 9 of the top 10 coins per market capitalisation have seen their prices decrease.Bitcoin (BTC) fell by 1.7%, the same amount it had gone up yesterday, currently trading at $87,820. This is the... The post Why Is Crypto Down Today? – January 29, 2026 appeared first on Cryptonews .
29 Jan 2026, 12:41
Ether ETFs Flip Green With $28 Million Inflow as Bitcoin Keeps Bleeding
Midweek trading delivered a split verdict for crypto ETFs, with bitcoin extending its outflow streak while Ether regained momentum. XRP and solana quietly added to their recent run of inflows, reinforcing selective risk appetite. ETF Tug-of-War: Bitcoin Slips, Ether Recovers, XRP and Solana Shine The crypto exchange-traded fund (ETF) market offered a study in contrasts
29 Jan 2026, 12:35
“USS Status” Launch: Crypto Veteran Returns With Satirical Cartoon, Privacy App, and Gasless L2
Zug, Switzerland, January 29th, 2026, Chainwire Status , one of Ethereum’s longest-running open-source projects, has re-entered the spotlight with USS Status, a satirical sci-fi cartoon that turns crypto’s chaotic past into comedy, along with the launch of a unified privacy super-app and gasless L2 network. An Old Giant Awakens Status, the open-source privacy super-app, has launched an overhauled unified app, a gasless L2 network, and a new identity personified in an irreverent and satirical web cartoon. One of the oldest established projects in the Ethereum ecosystem, Status has weathered the industry’s volatility while continuing to quietly build an open-source platform that combines a secure crypto wallet, privacy messenger, and web browser within a single application. Founded in 2017, Status has lived through ICO mania, regulatory whiplash, centralised exchange collapses, memecoin cycles, and repeated attempts to rebuild the internet with better primitives. Now they’re back with a mission to make privacy accessible to everyone. Crypto’s First Cartoon Series? To celebrate the renewal of its app and the upcoming rollout of Status Network, the project is launching USS Status – an animated web series that follows a crew of meme misfits navigating a chaotic galaxy plagued by surveillance, centralisation, and bad governance. The satirical sci-fi series pokes fun at the colourful history of the crypto space, featuring allusions to characters, tokens, and projects that will be immediately familiar to crypto-native viewers. Episode 1 sees the return of an infamous crypto figure, although USS Status insists that any likelihood is strictly coincidental. The show is available on X, YouTube, and TikTok, with the Status team hinting that more episodes are on their way soon: https://youtu.be/478Bjdcswo0 “Over the past decade, crypto has traded its sense of fun and freedom for market hype and profit-first narratives,” said Volodymy Hulchenko , Status App Lead. “USS Status is our way of laughing at the chaos while reminding people that it’s still possible to build tools that defend privacy, free speech, and digital freedom – without losing the cypherpunk spirit that started it all.” Those interested in following the USS Status journey can join the project’s X Community: https://x.com/i/communities/1998042195463479359 The Platform Behind the Punchline The USS Status fictional spaceship runs on the Ethereum blockchain (for now), and uses the same tech built into the Status privacy super-app that’s available today. Status allows users to chat, transact, and browse privately – all in one place, and they’ve just launched a new unified app for mobile and desktop. They’re not the only team building a super-app, but their focus is to provide unrivaled privacy using Logos’ peer-to-peer messaging technology (prev. Whisper) and decentralised smart contracts. The app features anonymous profiles, a built-in multi-chain crypto wallet with swaps, end-to-end encrypted messaging, censorship-resistant Community spaces, and a privacy-preserving web browser. The app is available at: status.app As innovators in the privacy space since 2017, Status is also taking things one step further with the launch of Status Network, the world’s first natively gasless L2 blockchain. Built on the zkEVM Linea stack, Status Network removes the need for gas with a reputation-based Karma system funded by native yield, unlocking gasless private accounts. Will the combination of gasless zkEVM infrastructure and a privacy super-app create a new standard for privacy? We’ll have to wait and see until their mainnet launch in Q1. In the meantime, pre-deposit vaults for staking on Status Network are now open: https://hub.status.network/ About Status Network Status Network is the first Ethereum L2 with gas-free transactions at scale. Funded by native yield and app fees, it redistributes 100% of net revenues to its community, powering sustainable liquidity incentives, a public funding pool, and SNT buy-backs. Built on the Linea zkEVM stack, it enables frictionless onboarding for games, social apps, and DeFi while remaining fully aligned with Ethereum security and values. Users can follow Status for updates: https://x.com/StatusL2 Contact Public Relations Laura Guzik Status Network [email protected]
29 Jan 2026, 12:33
JST Intraday Analysis: January 29, 2026 Short-Term Strategy
JST intraday precisely around 0.04$, critical support 0.0437$, resistance 0.0452$. BTC downtrend suppressing altcoins, watch for breakout in 24-48 hours.
29 Jan 2026, 12:32
Metaplanet plans $137M capital raise to fund bitcoin buying and cut debt
Metaplanet is preparing to raise as much as 21 billion yen, or about $137 million, through a combination of new shares and stock warrants placed with selected investors. The Tokyo-based firm will raise funds through a combination of new shares and stock warrants placed with selected investors. The move is designed to support further bitcoin accumulation while easing pressure from a sizable debt load. Metaplanet Inc. @Metaplanet · Follow *Notice Regarding Issuance of New Shares and 25th Series Stock Acquisition Rights through Third-Party Allotment* 2:29 PM · Jan 29, 2026 113 Reply Copy link Read 5 replies Funding structure The fundraising will be carried out through a third-party allotment rather than a public offering. Under the plan, Metaplanet will issue 24.53 million new common shares at 499 yen each. This price represents a roughly 5% premium to the previous close, allowing the company to raise around 12.24 billion yen in upfront proceeds. Despite the premium pricing, the announcement weighed on the stock. Shares closed at 456 yen, down 4% on the day. Each newly issued share comes with 0.65 stock acquisition rights. These rights translate into 15.94 million potential additional shares, equivalent to 65% warrant coverage. The warrants carry a fixed exercise price of 547 yen and can be exercised over a one-year period. If all warrants are exercised, Metaplanet would raise up to a further 8.9 billion yen. The company has emphasised that these are fixed strike warrants rather than moving strike instruments, a structure that limits variable dilution and offers clearer visibility on potential share issuance. Debt repayment plan A key element of the capital raise is balance-sheet repair. Of the initial proceeds, 5.2 billion yen has been earmarked for partial repayment of existing debt. According to the company’s dashboard , Metaplanet currently has around $280 million in outstanding debt. Reducing leverage appears central to the financing plan. By allocating a portion of the new capital to debt repayment, Metaplanet is seeking to lower financing costs and improve flexibility as it continues to pursue its bitcoin strategy. The remaining upfront funds, along with any proceeds generated from warrant exercises, are expected to be used for further bitcoin purchases and general corporate purposes. This approach keeps the company’s focus firmly on expanding its crypto holdings while maintaining operational liquidity. Bitcoin strategy Metaplanet has built a reputation for aggressively accumulating bitcoin and now ranks among the largest corporate holders globally. The company currently holds 35,102 BTC, making it the fourth-largest bitcoin holder among publicly traded firms. This treasury strategy has become a defining feature of the business. By using equity-linked financing rather than traditional debt issuance, Metaplanet is effectively aligning its capital structure with the volatility and long-term thesis behind bitcoin ownership. The scale of the proposed raise underlines the company’s commitment to continuing this approach, even as markets remain sensitive to dilution and balance-sheet risk. Market reaction The immediate share price drop suggests investors are weighing the benefits of premium-priced funding against the impact of issuing tens of millions of new shares and potential additional dilution from warrants. At the same time, the fixed strike structure and the use of proceeds for both debt reduction and bitcoin accumulation may appeal to longer-term investors who view the strategy as disciplined rather than speculative. The post Metaplanet plans $137M capital raise to fund bitcoin buying and cut debt appeared first on Invezz
