Bitcoin could slide toward $58,000–$62,000 as technical weakness persists, with veteran trader Peter Brandt flagging risky chart patterns and fading momentum that keep downside pressure in focus.

On Jan. 20, U.S. equities logged one of their roughest single-day pullbacks in three months as selling swept across every major index. The Dow Jones Industrial Average bore the brunt, chalking up the day’s steepest decline with an 870.74-point slide. Crypto assets weren’t spared either, as bitcoin-linked stocks also felt Tuesday’s sting.

President Donald Trump’s recent flirtation with acquiring Greenland has drawn pushback from several European countries, prompting him to fire back with tariff threats slated for early February. The move has lit up prediction markets, where wagers now run into the millions over whether the U.S. actually pulls off a Greenland grab.

XRP slid deeper into a defensive posture as selling pressure persisted, technical indicators stayed bearish and global risk-off sentiment intensified, leaving the token pinned near range lows with traders wary of further downside amid heightened geopolitical and trade tensions.

As bitcoin’s price has drifted south, long-silent bitcoins have been stretching their legs after years in a deep freeze. This week, several sizable chunks have been on the move, peeling away from long-held vintage caches. On Monday, a wallet inactive for more than 13.5 years sprang to life, moving 909.37 BTC valued at $84.2 million.

Prediction markets posted a record-breaking week, generating more than $2.7 million in fees. Opinion and Polymarket led activity as volumes and open interest climbed across major platforms.

The privacy-coin crypto market has taken a noticeable knock, moving in lockstep with bitcoin and ethereum as both slid lower. While the broader crypto economy is off more than 4% over the past day, the privacy-coin segment has fared worse, slipping 9.9% against the greenback.

Bitcoin plunged below $90,000 on Jan. 20, briefly touching $89,180 despite Strategy’s $2.13 billion purchase of 22,305 bitcoins.

XRP is flashing a familiar onchain warning as quiet consolidation masks rising holder stress, with Glassnode data showing mounting psychological pressure that has historically preceded major XRP market moves.

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U.S. stock markets took a bruising on Tuesday as investors recoiled from rising geopolitical strain and hazy policy cues. Meanwhile, gold and silver are finding eager buyers while crypto assets stay mired in a funk, with Ray Dalio, the founder of Bridgewater Associates, warning that the existing fiat monetary order is “breaking down” and that all fiat currencies could “go down together” against hard assets.

On the very same day Strategy revealed locking in its $2 billion bitcoin buy, Bitmine Immersion Technologies quietly bulked up its ethereum stack to 4.203 million ETH, snapping up 35,268 tokens over the past week and further cementing its title as the world’s largest ethereum treasury holder.

Japan’s bond market convulsions are rattling global debt assumptions, with Bitwise warning the sell-off exposes structural cracks that could foreshadow mounting U.S. fiscal strain as borrowing costs climb worldwide.

Bitcoin treasury firm Strategy just scooped up another 22,305 BTC, pushing its stash past the 700,000 mark. The company’s founder broke the news on Tuesday while equity markets were closed for Martin Luther King Jr. Day, adding that Strategy shelled out an average of $95,284 per bitcoin for the latest haul.

Bitcoin’s cooling jets are humming after another hot run. As of Tuesday, Jan. 20, 2026, the flagship crypto is priced at $90,902 to $91,106 over the past hour, holding a market capitalization of $1.82 trillion with a 24-hour trading volume of $39.69 billion. After dancing between $90,599 and $93,301 today, it seems the bulls are catching their breath while the bears are sniffing around.