Why Is Crypto Down Today? – January 26, 2026

🔥 Key Takeaways

  • The broader crypto market is experiencing a slight downturn today, January 26, 2026.
  • Bitcoin (BTC) is down 0.7%, currently trading at approximately $87,860.
  • Ethereum (ETH) is underperforming slightly, falling 1.5% to $2,890.
  • Market analysts suggest volatility is subsiding, potentially signaling a consolidation phase before the next major move.

Market Snapshot: A Day of Consolidation

As we head into the final week of January 2026, the cryptocurrency market is taking a breather. Major digital assets are painting a sea of red, albeit with modest declines. The total crypto market capitalization has seen a minor pullback, reflecting a cautious sentiment among traders following recent volatility.

Bitcoin and Ethereum Price Analysis

Bitcoin, the market leader, is currently trading at $87,860, marking a decrease of 0.7% over the last 24 hours. While the pullback is minimal, it indicates a lack of immediate bullish momentum to break through current resistance levels.

Ethereum is facing slightly stronger selling pressure, down 1.5% to $2,890. The underperformance of ETH against BTC today suggests that altcoins may be more sensitive to current market hesitation.

What Analysts Are Watching

Despite the red candles, the market structure remains intact. As noted by market observers, “It remains possible that Bitcoin’s response emerges later, particularly as volatility subsides.”

This observation highlights a critical point: the current low-volatility environment often precedes significant price expansions. Traders are currently watching for a breakout from this consolidation range to determine the direction of the trend for February 2026.

NamePrice
Bitcoin(BTC)
$87,544.25
Ethereum(ETH)
$2,905.84
Tether USDt(USDT)
$1.00
BNB(BNB)
$872.48
XRP(XRP)
$1.93
USDC(USDC)
$1.00
Solana(SOL)
$124.13
TRON(TRX)
$0.295109
Dogecoin(DOGE)
$0.122532
Cardano(ADA)
$0.353490