After the October 10, 2025 crypto crash, Hyperliquid (HYPE), one of the largest decentralized exchanges, saw sharp drops in trading volume and open interest as it moved into 2026. A recent study by GLC shows volume falling from $10.17 billion to $5.66 billion and open interest declining from $14.75 billion to $9.48 billion, even as year-to-date data and new features such as portfolio margin point to a gradual recovery. The HYPE token is now trading around $21.84, about 63% below its all-time high of $59.30.

On Tuesday, Bitcoin fell below the $90,000 level, prompting fresh debate about whether a full bear market is developing. Analyst Raun Neuner compared Bitcoin’s current cycle with past post‑Halving patterns, noting previous peaks occurred about 532 days after each Halving and were followed by 70%–80% drawdowns. Based on that framework and the recent high near $125,000, he outlined a potential downside scenario toward $37,000, while other market watchers flagged $84,000–$85,000 and the 200‑week moving average around $57,000 as key support zones.

Trump Media & Technology Group Corp. (DJT) said it will distribute a new digital token to shareholders, setting a record date of February 2, 2026. Eligible recipients include ultimate beneficial owners and registered holders with at least one DJT share, and the tokens will be minted with Crypto.com and held in custody before distribution.

At the start of 2026, Ethereum rebounded above $3,000 but remains capped by strong resistance around $3,400 while consolidating below this level. Analyst Ali Martinez highlights a sharp rise in daily active addresses above 800,000 and roughly 158,545 ETH accumulated by ETFs since December 29, supporting a potential move toward $4,000. Other analysts see patterns that could target $5,000, though ETH has recently slipped 3% and about $3.4 billion in shorts may be exposed if price clears $3,400.

XRP was trading around $2 after briefly dipping to $1.84 on Monday, while market analyst Bird outlined a potential path toward $4.20 driven by a short squeeze. His liquidity heatmap highlights dense short positioning near $4.20 and recent liquidations of long positions, suggesting price could be attracted to that zone. Bird argues that this setup may keep the current XRP rally intact and could push the token beyond its prior all-time high of $3.90.

In January 2026, the XRP Ledger processed 1.45 million daily transactions, extending an upswing in activity that started in late 2025 alongside new payment corridors and stablecoin integrations. Analyst Sam Daodu notes that this growing on-chain usage, combined with eight-year-low exchange reserves and ETF inflows, contrasts with XRP's retrace from $2.42 to about $2.048 after a prior rally to $3.65, a pattern he says has historically preceded delayed price breakouts.

White House crypto advisor Patrick Witt stated that Bitcoin forfeited in the Samourai Wallet case has not been sold and will remain on the US government's balance sheet under the Strategic Bitcoin Reserve. The assets in question amount to 57.55 BTC, valued at nearly $6.4 million, and were seized after US authorities said the mixer was used for over $237 million in illicit transactions.

Analysts at JPMorgan, led by Nikolaos Panigirtzoglou, reported that crypto exchange-traded funds pulled in a record $130 billion last year, with Bitcoin and Ethereum products and digital asset treasuries driving most of the demand. More than half of 2025's digital asset inflows, about $68 billion, came from DAT companies, while institutional activity in CME futures fell versus 2024. The analysts expect institutional flows to rebound in 2026, potentially supported by US regulatory initiatives such as the CLARITY Act, while Bitcoin recently traded around $96,050 after gaining 10% in two weeks.

Senators Ron Wyden and Cynthia Lummis introduced a bipartisan, standalone version of the Blockchain Regulatory Certainty Act on Monday evening. The bill seeks to clarify that developers and infrastructure providers who do not control user funds should not be treated as money transmitters, aiming to provide federal clarity for blockchain software and network operations.