Crypto Market Update January 12: Monero Gains 23%, Litecoin Dips 3.3%

Crypto Market Update: US Fed Event This Week, Coinbase Stablecoin News

Key Highlights:

• Global crypto market rose 0.9% to $3.21 trillion

• Major coins showed mixed moves as BTC and ETH gained

• Altcoins saw sharp gains and losses amid the Fear and Greed Index 27

Overall Crypto Market Update, 12 January 2026:  The cryptocurrency edged higher with Bitcoin and Ethereum gains, mixed altcoin performance, cautious sentiment, and strong influence from macroeconomic and regulatory developments.

Major Crypto Events Today

Source: Forex Factory

24-Hour Crypto Market Update: Prices, Volume & Trends

The global cryptocurrency market today recorded a capitalization of $3.21 trillion, reflecting a 0.9% upward trend in the last 24 hours. Total trading volume noted $66.8 billion.

Bitcoin’s (BTC) dominance over the industry remains intense, with 57%, while Ethereum (ETH) carries 11.8%. As of now, 18971 cryptocurrencies are being tracked. The largest gainers in the industry over the last 24 hours are Polkadot and the XRP Ledger Ecosystem.

Bitcoin (BTC) and Ethereum (ETH) Price:

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

• Bitcoin (BTC) price today reached $91337.34, rose by 0.9% in the last 24 hours, with a trading volume of $19 billion and a market cap of $1.82 trillion.

• Ethereum (ETH) price today stands at $3120.95, soaring 1.07% in 24 hours with a trading volume of $11.62 billion and a market cap of $376.95 billion.

Top 5 Trending Coins in 24 Hours:

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

• AgentLISA (LISA) is priced at $0.1647, slipping 0.01% with trading volume (TV) of $3.31 billion.

• Bitcoin (BTC) stands at $91,346.23, gaining 0.91%, supported by $19.71 billion in TV.

• Ethereum (ETH) is at $3,123.50, rising 1.13%, with a daily TV of $11.79 billion.

• Solana (SOL) is priced at $141.37, jumping 3.82%, alongside $3.73 billion in TV .

• XRP price today stands at $2.06, down 0.95%, with $2.03 billion in TV.

Top 3 Gainers in 24 hours:

(Ranked by 24-hour percentage gain)

• IP is trading at $2.49, surging 24.89%, with trading activity of about $112 million.

• Monero (XMR) stands at $584.58, up 23.32%, recording heavy trading activity of around $297 million.

• Canton (CC) is priced at $0.1479, gaining 14.19%, with trading activity of nearly $21.8 million.

Top 3 Losers in 24 hours

(Ranked by 24-hour percentage loss)

• Polygon (POL), formerly MATIC, trades at $0.1625, down 7.28%, with trading volume of about $360 million.

• MemeCore (M) at $1.65, slipping 4.29%, while recording a volume of around $7.35 million.

• Litecoin (LTC) price today at $78.49, falling 3.37%, supported by a trading volume of roughly $390 million.

Stablecoins and Defi Update:

• Stablecoins noted a 0.1% negative change over the past 24 hours, with a market capitalization of $311.5 billion and trading volume of $50.6 billion.

• The Decentralized Finance (DeFi) market rose 0.8% over the last 24 hours, recording a market cap of $111 billion and trading volume (TV) at $3 billion. Defi dominance globally marked 3.5%.

Fear and Greed Index Today

Source: Alternative Me

Today’s Fear and Greed Index stands at 27 (Fear), down from 29 yesterday. Persistent price weakness, cautious trading, and macro uncertainty pressure sentiment. Compared to 26 last week and 23 last month, fear has eased slightly but remains dominant.

Latest Crypto Market News Today, 12 January

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

1. Powell Faces DOJ Subpoena Over Fed Independence

Fed Chair Jerome Powell said a DOJ grand jury subpoena followed his Senate testimony, but stressed it targets the Fed’s independent rate decisions, not building renovations or Congress statements alone.

2. Key US Macro Events This Week

Last week’s US jobs data sent mixed signals. This week, markets watch December CPI, the Supreme Court tariff delay, and the Federal Reserve’s Beige Book for economic direction ahead.

3. Labour MPs Push for Ban on Crypto Political Donations

Seven Labour committee chairs urged the UK government to ban crypto political donations, warning of hidden fund sources, disclosure loopholes, and foreign interference risks.

4. Hong Kong to Advance Stablecoins Cautiously

Hong Kong Financial Secretary Paul Chan said stablecoin development will proceed step by step, with initial work first, while gold-linked stablecoins remain under cautious study.

5. Coinbase Pushes Back on Stablecoin Rewards Rules

Coinbase is lobbying US lawmakers to protect stablecoin rewards, warning it may withdraw bill support if Senate rules limit rewards to banks only, nationwide discussions.

6. Maotai Launches Digital Subsidiary

Guizhou Maotai has launched Guizhou Aimaotai Digital Technology, an owned unit with 600 million yuan capital, expanding into live streaming, blockchain, chips, and internet services.

Comparative Insight

The crypto market shifted from decline to recovery from January 11 to 12. Capitalization rebounded from $3.18T (−0.5%) to $3.21T (+0.9%), Bitcoin and Ethereum turned positive, trading volume cooled, and sentiment improved slightly from Extreme Fear (25) to Fear (27).

What This Means for Crypto Users

Crypto users should expect short-term volatility as market gains remain selective. Strong BTC and ETH dominance signals relative stability, but sharp altcoin swings and macro events mean traders must stay alert, manage risk carefully, and avoid emotional decisions. 

Risk Context: This commentary is only informational and not for long-term conditions. It does not indicate the direction of the price or indicate an action to be taken on the investment.

CoinGabbar’s Opinion

Based on the last 24 hours, crypto investment remains high-risk but selectively beneficial. Major assets show stability, yet fear-driven sentiment and uneven altcoin moves suggest cautious positioning, disciplined trading, and short-term strategies are safer than aggressive long-term bets right now.

Disclaimer: This is not financial advice. Do Your Own Research before investing. CoinGabbar is not liable to any financial loss. The crypto assets are risky, and you may lose all your investments. Not all regions can offer some of the services or assets discussed.