Sakshi Jain
09-01-2026
Key Highlights:
The overall cryptocurrency dropped 0.6%, now at $3.19T
JasmyCoin, Polygon, and Monero were the best gainers.
Sentiment was influenced by regulatory, security, and institutional developments in 24 hours.
Overall Crypto Market Update, 9 January 2026: The cryptocurrency experienced a slight decline with Bitcoin and Ethereum falling, altcoins performing in both ways, and regulatory and security news affecting short-term investor mood.
Source: Forex Factory
The global cryptocurrency market today recorded a capitalization of $3.19 trillion, reflecting 0.6% downward trend in the last 24 hours. Total trading volume noted $122 billion.
Bitcoin’s (BTC) dominance over the industry remains intense, with 56.9%, while Ethereum (ETH) carries 11.7%. As of now, 18988 cryptocurrencies are being tracked. The largest gainers of the industry are Polkadot and XRP Ledger Ecosystem in the last 24 hours.
Bitcoin (BTC) and Ethereum (ETH) Price:
Note: BTC and ETH are often viewed as less volatile historically, but still risky.
Bitcoin (BTC) price today reached $91309.09, slipping 0.15% in the last 24 hours, with a trading volume of $42.49 billion and a market cap of $1.82 trillion.
Ethereum (ETH) is priced $3125.51, slightly dipping 1.52% in 24 hours with a trading volume of $21.68 billion and a market cap of $377.23 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.)
Bitcoin (BTC) is trading at $91,297.63, down 0.05%, with a strong trading volume (TV) of $42.45 billion.
Zcash (ZEC) is priced at $433.53, falling sharply by 9.84%, while recording a TV of $1.51 billion.
$XRP price today valued at $2.13, declining 2.09%, and posting a TV of $4.53 billion.
Ethereum (ETH) is trading at $3,124.43, down 1.48%, with $20.34 billion in TV.
Solana (SOL) price is at $139.01, gaining 1.44%, with a TV of $4.81 billion.
Top 3 Gainers in 24 hours:
(Ranked by 24-hour percentage gain)
JasmyCoin (JASMY) is trading at $0.009562, rising 12.98%, with strong trading activity of about $143.51 million.
Polygon (POL), previously known as MATIC, is priced at $0.1393, gaining 7.43%, and recording a trading activity of nearly $143.47 million.
Monero (XMR) is trading at $455.01, up 5.01%, with trading activity of around $133.38 million.
Top 3 Losers in 24 hours
(Ranked by 24-hour percentage loss)
Zcash (ZEC) price is at $433.55, down 9.83%, with heavy selling pressure reflected in a trading volume of about $1.5 billion.
Pump.fun (PUMP) is priced at $0.002172, slipping 8.25%, while recording a trading volume of roughly $148.2 million.
Pepe (PEPE) is trading at $0.056073, down 7.89%, with strong activity seen in a trading volume of nearly $744.9 million.
Stablecoins and Defi Update:
Stablecoins noted no changes over the past 24 hours, with a market capitalization of $311.8 billion and trading volume of $100 billion.
The Decentralized Finance (DeFi) market declined 1.6% over the last 24 hours, recording a market cap of $110.6 billion and trading volume at $4.26 billion. Defi dominance globally marked 3.5%.
Source: Alternative Me
Today’s Fear and Greed Index stands at 27 (Fear), down from 28 yesterday and last week, but above 26 last month. The slight drop reflects continued market caution, driven by falling prices, profit-taking, and uncertainty from regulatory and security-related crypto developments.
(Note: All of these updates affect traders, as they affect liquidity, sentiment, and potential returns, and thus have to be monitored closely.)
1. Arkham Drops Blast and Manta Support
Arkham announced it will end support for the Blast and Manta blockchains on January 11, citing low user demand and regular reviews of chain relevance within the crypto ecosystem overall.
2. Truebit is faced with a 26M Security Incident.
Cyvers Alerts traced a suspicious Truebit Protocol transaction, potentially losing $26 million and 8,535 ETH. Truebit has confirmed a breach and warned its users, reported the incident to the authorities and stopped communicating with the affected contract.
3. Colombia Requires Cryptocurrency Reporting.
The tax authority of Colombia, DIAN, will compel crypto platforms to declare Bitcoin, Ethereum, and stablecoin transactions as of 2026, which is in accordance with OECD standards, and non-compliance with which will be punishable, and large transactions will automatically be reported.
4. SharpLink Stakes $170M ETH on Linea
SharpLink Gaming staked $170M worth of ETH on Ethereum Layer 2 Linea, aiming for higher returns. The firm holds 864,800 ETH, even as Linea’s TVL has dropped sharply since the token launch
5. CFTC Clears Bitnomial Event Contracts
CFTC issued a no-action letter to Bitnomial Exchange, allowing it to launch fully collateralized event contracts in the U.S., covering crypto, economic indicators, and financial outcomes under reporting conditions rules.
6. Trump Rules Out SBF Pardon
President Trump said there are no plans to pardon ex-FTX CEO Sam Bankman-Fried, jailed for fraud, noting slim chances, while defending his crypto support and saying it helped win votes.
The crypto update January 8, as compared to January 9, is slightly weaker than it was yesterday, with the overall cap falling (from $3.2T and $3.19T). Key assets like Bitcoin and Ethereum show mild losses from yesterday. Trading volumes remained strong, but losses widened among select altcoins, indicating rising short-term caution and profit-taking behavior.
Users of crypto are advised to be on high alert as the mixed price action, falling DeFi metrics, and regulatory developments could affect the liquidity and volatility. The short-term movements are still sentiment-based and thus close monitoring of news, volumes, and trends is crucial.
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.
Based on the 24-hour crypto update, investments remain high-risk but selectively beneficial. Volatility persists, favoring informed traders over long-term speculation. Cautious positioning, risk management, and research are crucial in current conditions.
Disclaimer: This is not financial advice. Do Your Own Research before investing. CoinGabbar is not liable for 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.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
Sakshi Jain is a crypto journalist with over 3 years of experience in industry research, financial analysis, and content creation. She specializes in producing insightful blogs, in-depth news coverage, and SEO-optimized content. Passionate about bringing clarity and engagement to the fast-changing world of cryptocurrencies, Sakshi focuses on delivering accurate and timely insights. As a crypto journalist at Coin Gabbar, she researches and analyzes market trends, reports on the latest crypto developments and regulations, and crafts high-quality content on emerging blockchain technologies.
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