Market Update: 01/19/2026
Happy Monday Everyone! Big red day with a lot of stuff coming down the road, so this will be an interesting week. The crypto market extended its corrective pullback, driven by "risk-off" sentiment due to US-EU trade tensions (and proposed tariffs in the Greenland thing) and some macro caution. Around $600-$800 Million in long positions were liquidated (which is amplifying the draw down). Volume spiked and ETF inflows remain strong. Bitcoin (BTC): Currently around $92,500 - $93,000 down 2%+ with liquidations hitting hard as the rally faded. Good support around the $90k-$92k range. Ethereum (ETH): Down 3%+ today and underperforming slightly in the alt weakness. It's still holding above the $3,100 level but momentum has been cooling due to rotation. Solana (SOL): Sharp drop of 5%+ being hit harder by altcoin pressure despite having solid fundamentals. Support is around $130-$132 range. XRP: Down 3%+ today with liquidations breaking the $2.05 support. $1.93 as near-term support but extended weakness due to tariff fears and profit taking (13 of 14 days red) Zcash (ZEC): Sharp 6%+ decline but the privacy narrative resilience was tested in teh broad sell-off. Whale accumulation still lingers. Critical zone at $361. If it holds, could see a rebound to $387+. Break risk around $300-$307 fib level. Broader Market: 95%+ of the top coins are red today (AI/DePIN/memes/etc) while ETF flows still highlight institutional persistence. The sentiment has shifted with rising caution and new capitulation. Some traders see this as a bottom signal but fragile sentiment could prolong the downside. As Always, DYOR (Do Your Own Research). None of this is financial advice. Have fun in the market this week, and stay safe.