Top Crypto News Today (23 Jan 2026)
BitGo debuts with $2.59 billion valuation as crypto IPO window reopens
Bitcoin faces its biggest risk yet! U.S. Treasury sell-off sparks ‘Capital War’
Bitcoin Hovers At US$90,000 As Ethereum Retreats
Altcoin Season Index Plummets to 30: A Critical Shift in Cryptocurrency Market Sentiment
Former FTX crypto executive Caroline Ellison released from federal custody
🇺🇸 Crypto Markets in Focus: Rally Signs Amid Volatility and New IPO Momentum
📊 Market Snapshot — Bitcoin & Altcoins
On January 23, 2026, the cryptocurrency market showed mixed signals, balancing between volatility and cautious optimism. Bitcoin — the flagship digital asset — was trading near the $90,000 level, showing resilience after several turbulent days. Meanwhile, broader sentiment indicators suggest a shift in trader risk appetite, although uncertainty remains high.
🔹 Bitcoin (BTC) hovered around $89,000–$90,000, reflecting consolidation after recent selloffs and geopolitical pressures that weakened risk assets.
🔹 Ethereum (ETH) and major altcoins experienced modest price recovery, pointing to renewed interest from traders.
🔹 The Altcoin Season Index — a sentiment gauge measuring whether altcoins outperform Bitcoin — plunged to 30, suggesting Bitcoin dominance in the short term.
Analysts note that uncertainty in macro markets — especially bond markets and risk aversion — continues to shape crypto price behavior. Asset prices are often pulled by broader financial shifts rather than purely crypto-specific catalysts.
📈 Big Crypto IPO: BitGo Makes Waves
One of the biggest developments in the crypto industry this week is the successful IPO debut of BitGo, a major crypto custody firm. Shares of BitGo opened with a surge of around 24.6%, valuing the company at more than $2.5 billion on the NYSE — a strong signal that institutional interest in crypto infrastructure remains robust despite market turbulence.
Why BitGo Matters:
- BitGo provides secure custody — a key service for institutional investors wary of hacks and regulatory uncertainty.
- Its rally on the first day of trading suggests renewed confidence in crypto as a long-term asset class.
- This IPO could open the door for more crypto firms to go public in the U.S., enhancing mainstream legitimacy.
🛡️ Blockchain Security: New Climate of Risk Assessment
In parallel developments, major crypto platforms are shifting focus to future threats, including quantum computing.
Coinbase — one of the largest U.S. exchanges — has created an independent advisory board to research quantum computing risks to blockchain security. This initiative brings together cryptography and quantum computing experts to analyze how future technologies may affect major networks like Bitcoin and Ethereum, and to guide developers on strengthening defenses.
🧠 Industry Sentiment & Structural Shifts
Despite price ups and downs, institutional sentiment in certain areas has improved. As of today:
- Bitcoin’s price momentum signals a technical rebound, with investors watching key resistance and support levels closely.
- On-chain data continues to show accumulation by larger holders (whales), which many analysts view as bullish over the long term.
- Bitcoin’s network hashrate climbed, indicating stronger miner participation and network security.
Still, elevated volatility and macro headwinds keep many traders cautious, especially as regulatory clarity in the U.S. remains a work in progress.
📉 Legacy Scandal Update: FTX’s Caroline Ellison Released
In major industry news, Caroline Ellison — a former FTX executive and key figure in the high-profile 2022 FTX collapse — has been released from federal custody after serving part of her sentence related to fraud and money-laundering convictions. Her cooperation was crucial in prosecuting FTX founder Sam Bankman-Fried, who received a 25-year sentence.
This marks a pivotal moment in crypto’s legal history, reminding the market of the importance of regulatory compliance and the ongoing efforts to recover losses tied to past frauds.
📌 What Traders Should Watch Next
🔹 Regulatory News
The progress (or delay) of major U.S. crypto legislation continues to influence market direction — especially bills that would define nationwide crypto market structures.
🔹 Bitcoin’s Price Levels
Support near $88,000–$90,000 and resistance near $94,000 will be key indicators of future trends.
🔹 Institutional Adoption
More corporate treasury allocations to Bitcoin, custody services, and ETF flows could bring long-term stability.
🔹 Global Macro Factors
External events — from bond yields to geopolitical developments — frequently push crypto prices more than purely blockchain news.
