Crypto Market Today: LayerZero Gains 15%, PUMP Fell 7%, RollX Trends

Crypto Market Update: Dogecoin ETF Launch, Solana SKR Token, Fed news

Key Highlights:

• Global crypto market slips 0.8% amid extreme fear sentiment

• Bitcoin and Ethereum trade lower despite strong dominance

• Altcoins show mixed trends with selective gains and losses

Overall Crypto Market Update, 23 January 2026: The cryptocurrency dipped slightly as Bitcoin and Ethereum declined, fear sentiment stayed extreme, and altcoins showed mixed performance amid cautious trading and ongoing macroeconomic and regulatory developments.

Major Crypto Market Events Today

Source: Forex Factory

Crypto Market Last 24 Hours Update: Prices, Volume & Trends

The global cryptocurrency market today reached a capitalization of $3.11 trillion, noted a slight fall of 0.8% in the last 24 hours whereas Total trading volume recorded at $105.5 billion.

Bitcoin’s (BTC) dominance over the industry remains intense with 57%, while Ethereum (ETH) carries 12%. The largest gainers of industry are XRP Ledger Ecosystem and Binance Buildkey TGE in the past day.

Bitcoin (BTC) and Ethereum (ETH) Price Analysis:

(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)

• Bitcoin (BTC) price today reached $89572.51, down by 0.44% in the last 24 hours, with a trading volume of $34.74 billion and a market cap of $1.78 trillion.

• Ethereum (ETH) price today is $2954.02, dips 2.19% in 24 hours with a trading volume of $21.4 billion and a market cap of $356.55 billion.

Top Trending Crypto Coins Price in 24 Hours:

(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)

• RollX price (ROLL): $0.1259, up 18.97%, trading volume (TV): $1.12 billion.

• HeyElsa price (ELSA): $0.1867, rises 31.56%, TV: $718.77 million.

• Sentient price (SENT): $0.02861, gains 48.82%, TV: $384.53 million.

• OwIto Finance price (OWL): $0.08523, down 1.92%, TV: $1.21 billion.

• FIGHT price (FIGHT): $0.02435, slips 0.73%, TV: $225.47 million.

Top Crypto Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• LayerZero price today (ZRO): $2.22, up 15.35%, trading activity $161.62M.

• Axie Infinity price today (AXS): $2.82, up 12.46%, trading activity $630.38M.

• XDC Network price today (XDC): $0.04422, up 10.51%, trading activity $33.55M.

Top Crypto Losers in 24 hours

(Ranked by 24-hour percentage loss)

• Pump.fun price today (PUMP): $0.002498, down 6.55%, trading activity $152.47M.

• Dash price today (DASH): $63.66, down 5.81%, trading activity $246.87M.

• Pepe price today (PEPE): $0.054949, down 5.22%, trading activity $384.90M.

Stablecoins and Defi Update:

• Stablecoins reflect no change over the past 24 hours, with a market capitalization of $312.6 billion and trading volume of $79.5 billion.

• The Overall (Defi) Decentralized Finance market is slightly up by 0.1% over the last 24 hours, recording a market cap of $107 billion and trading volume (TV) at $3.97 billion. Defi dominance globally marked 3.4%.

Bitcoin Fear and Greed Index Today

Source: Alternative Me

Today’s Fear & Greed Index stands at 24 (Extreme Fear). It improved from 20 yesterday, but dropped sharply from 49 last week (Neutral). Market volatility, weak momentum, and cautious sentiment amid uncertainty triggered fear-driven behavior.

Latest Crypto Market News Today, January 23, 2026

(Note: All of these updates affect traders, as they affect liquidity,  sentiment, and potential returns, and thus have to be monitored closely.)

1. JPMorgan Flags Long-Term Ethereum Fee Pressure

JPMorgan says Ethereum’s Fusaka upgrade may lift activity briefly, but migration to Layer 2s, rival chains, and app-specific networks weakens fees, boosts ETH supply, and pressures prices.

2. SKR Crypto Market Cap Soars

Solana phone Seeker token Airdrop SKR hit a $500 million cap as one wallet spent $269,000 to buy 20.1 million tokens, now valued near $1 million, according to GMGN data

3. Spacecoin Partners WLFI

Spacecoin announced a strategic partnership with World Liberty Financial, completing a token swap, launching three LEO satellites, and integrating DeFi payments using WLFI’s USD1 stablecoin for global satellite internet users.

4. Fed Pause All but Certain

The US statistics indicated a decrease in jobless claims, a strong Q3 GDP, and stable core PCE inflation, which supports the opinion that price pressures are sticky yet stable and makes a Federal Reserve pause inevitable.

5. Superstate Bags $82.5M Series B.

Superstate is a management of $1.23B assets, with Series B financing of $82.5 million that was used to scale its Opening Bell platform and enable on-chain issuance of SEC-registered stocks on Ethereum and Solana.

6. 21Shares Launches Dogecoin ETF on Nasdaq

21Shares launched the Dogecoin ETF (TDOG) on Nasdaq on January 22, offering direct 1:1 Dogecoin exposure with institutional custody and a 0.50% management fee.

Comparative Insight

Compared to yesterday crypto update shows a 0.1% dip, today’s decline deepened to 0.8%, pushing the total cap down to $3.11 trillion. Bitcoin stayed relatively stable, slipping 0.44%, while Ethereum’s loss widened from mild weakness to –2.19%. Altcoins are still distributed asymmetrically, but there were evident sector-specific winners and losers today. The trading volume has been high at $105.5B, but the mood has deteriorated with the Fear and Greed Index going down to 24 today, as compared to 49 last week, indicating increasing short-term caution.

What This Means for Cryptocurrency Users

The volatility and the selective rallies of altcoins may present short-term trading opportunities to crypto users. Nevertheless, excessive fear, macro uncertainty, and regulatory developments require risk-averse positioning, risk discipline, and intense attention to market-moving news.

Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point in the direction of the price or show an action to be taken on the investment.

CoinGabbar’s Opinion

Short-term investments remain risky due to extreme fear, volatility, and uncertain macroeconomic signals. While selective gains may benefit active traders, conservative investors should remain cautious, diversify their portfolios, and avoid making emotional decisions until sentiment and stability have clearly improved.

Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Not all regions can offer some of the services or assets discussed.