Daily Crypto Market Updates | Escalating Geopolitical Tensions Drive Bitcoin to Drop Temporarily to $86,000; Diverging Views at Davos: Tokenization Gains Consensus, but Sovereign Boundaries and Trust in the Financial System Remain Controversial
On January 26, global markets experienced sharp volatility at the opening on Monday, triggered by geopolitical risks, a US fiscal deadlock, and threats of foreign exchange market intervention, which collectively fueled intense risk-averse trading. The cryptocurrency market saw declines across the board, with Bitcoin falling below $87,000 at one point and Ethereum nearing $2,800. As of press time, $Bitcoin (BTC.CC)$Bitcoin fell 0.72% to $87,805.90; $Ethereum (ETH.CC)$ Ethereum dropped 2.11% to $2,865.20.
According to CoinDesk, US crypto regulation is accelerating further. If passed, the proposed crypto market structure bill will clarify federal regulatory authority over digital assets, making cryptocurrencies easier to manage, track, and…
