Crypto Market Update Jan 29: BTC And ETH Dips While Worldcoin Gain 20%

Crypto Market Today Sees Coinbase Listings and US Crypto Bill Update

Key Highlights:

• Overall Crypto industry dips 0.4% as fear sentiment stays low

• Bitcoin and Ethereum see mild losses amid mixed altcoin moves

• Regulatory clarity and OP buyback shape narrative

Overall Crypto Market Update, 29 January 2026: The cryptocurrency slipped slightly amid fear sentiment, with Bitcoin and Ethereum declining, altcoins showing mixed trends, and key regulatory, macroeconomic, and ecosystem updates influencing traders.

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 $3.1 trillion, noted 0.4% downturn in the last 24 hours, whereas Total trading volume recorded at $115.3 billion.

Bitcoin’s (BTC) dominance over the industry remains intense, with 57.3%, while Ethereum (ETH) carries 11.7%. The largest gainers of the industry are Polkadot and XRP Ledger Ecosystem 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 $88606, declined 0.64% in the last 24 hours, with a trading volume of $39.7billion and a market cap of $1.77 trillion.

• Ethereum (ETH) is priced today at $2991, falls 0.58% in 24 hours with a trading volume of $21 billion and a market cap of $361 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.)

• Bitcoin price (BTC): $88,442.10, down 1.01% in the last 24 hours, trading volume (TV): $40.36B.

• FIGHT price (FIGHT): $0.02132, down 11.22%, TV: $516.8M.

• XRP price (XRP): $1.89, slips 0.51% in 24 hours, TV: $2.29B.

• Worldcoin price (WLD): $0.5505, up 18.92%, TV: $589.28M.

• Fogo price (FOGO): $0.03991, down 3.18% in the last 24 hours, TV: $1.4B

Top 3 Crypto Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• Worldcoin price today (WLD): $0.5558, up 20.22%; trading volume $577.94M.

• Jupiter price today (JUP): $0.2178, gained 7.09%, trading activity $78.17M.

• PAX Gold price today (PAXG): $5,539.64, rose 6.40%, trading activity $956.55M.

Top 3 Crypto Losers in 24 hours

(Ranked by 24-hour percentage loss)

• River price (RIVER): $45.38, down 37.29%, with trading activity around $125.52 million.

• Zcash price (ZEC): $371.09, lower by 6.55%, trading volume close to $490.56 million.

• Tezos price (XTZ): $0.5311, slipped 5.85%, with trading activity near $21.47 million.

Stablecoins and Defi Update:

• Stablecoins reflect no change over the past 24 hours, with a market capitalization of $312 billion and trading volume of $84.8 billion.

• The Overall (Defi) Decentralized Finance market increased 0.4% over the last 24 hours, recording a market cap of $111 billion and trading volume (TV) at $6.57 billion. Defi dominance globally marked 3.6%.

Bitcoin Fear and Greed Index Today

Source: Alternative Me

Today’s Fear and Greed Index stands at 26 (Fear), down from 29 yesterday. It has improved from 20 last week and 23 last month, showing fear is easing slightly, but uncertainty remains due to weak momentum and cautious investor sentiment.

Latest Crypto Market News Today, January 29

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

1. SEC Clarifies Rules for Tokenized Securities:

The rule says it falls into issuer-led and third-party models, warning that third-party tokens face higher risks and may be regulated as security-based swaps under US law.

2. HSBC: US Crypto Bill Moves Forward Despite Coinbase Exit:

As Brian Armstrong may accept compromises, clarifying SEC-CFTC roles and possibly passing first under CFTC oversight for institutional entry.

3. Coinbase Listing Announcement: 

Coinbase Markets added Infinex (INX) and Hyperliquid (HYPE) to its listing roadmap, with trading launches pending market maker support and technical readiness, while detailed launch schedules will be announced later.

4. Doppler Parent Raises $9M Seed Round: 

Whetstone Research raised $9 million in a Q2 2025 seed round led by Pantera Capital, with Variant, Figment Capital, and Coinbase Ventures joining. Valuation undisclosed

5. Fed Interest Rate Announced:

The Federal Reserve kept rates at 3.75%, citing solid growth and slightly high inflation. Two officials sought cuts, while Chair Powell said future hikes are not expected by markets today.

6. Optimism Approves OP Buyback Plan:

The Optimism Foundation approved a joint governance proposal launching a 12-month program to use 50% of Superchain revenue to buy back OP tokens starting in February, with tokens returning to the treasury.

Comparative Insight

Compared to the January 28 cryptocurrency update, today shows a clear cooldown. Total market cap slipped from $3.11T (+1%) to $3.1T (-0.4%), trading volume dropped sharply, and BTC and ETH turned negative. Fear sentiment deepened from 29 to 26, while strong altcoin rallies faded into selective gains and broader caution.

What This Means for Cryptocurrency Users

For crypto users, this update signals continued uncertainty with selective opportunities. While major assets remain stable, volatility in altcoins and regulatory developments requires users to stay informed, manage risk carefully, and avoid emotional trading decisions.

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 indicate an action to take on the investment.

CoinGabbar’s Opinion

Based on the 24-hour update, crypto investing remains risky in the short term due to weak momentum and fear sentiment. However, disciplined investors may find selective opportunities, while cautious positioning and patience remain key in current conditions.

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.