The cryptocurrency market added 1% over the past 24 hours, bringing total market capitalization to $3.11 trillion, while aggregate trading volume reached $129.6 billion. Bitcoin continued to command the largest share of the market at 57.3%, with Ethereum at 11.7%. The broader move was modest, but price action across altcoins was much sharper.
Bitcoin and Ethereum posted moderate gains
Bitcoin traded at $89,233.18, up 0.8% on the day, with $38.8 billion in trading volume and a market capitalization of $1.78 trillion. Ethereum changed hands at $3,010.47, rising 2.67% over 24 hours, with volume at $27.3 billion and market cap at $363.3 billion. Compared with the previous update, the total crypto market value moved from $3.07 trillion to $3.11 trillion, while both BTC and ETH advanced.
PIPPIN led gainers, with HYPE and PUMP also higher
PIPPIN topped the gainers list at $0.4963, rising between 61.62% and 61.7% based on figures cited in the source. Its trading activity was listed in two separate entries as $86.21 million and $861.7 million. HYPE traded in a range of $32.35 to $32.40, up between 27.39% and 27.54%, with turnover near $729.5 million. PUMP was quoted at $0.003183, climbing 16.56% on trading activity of $486.25 million.
Other tokens listed among notable daily gainers included FIGHT at $0.02393, up 3.39%; PAX Gold at $5,237.75, up 3.34%; and Mango Network at $0.02750, higher by 1.93%. The day’s trading showed stronger attention on high-volatility names than on large-cap assets.
RIVER led decliners as AXS and MORPHO slipped
On the downside, RIVER fell 12.35% to $72.86, with trading activity around $99.0 million. Axie Infinity (AXS) dropped 6.74% to $2.52, with volume near $430.3 million. MORPHO declined 4.15% to $1.19, while trading activity was listed at roughly $17.2 million. The rotation between winners and losers remained fast.
Stablecoins and DeFi expanded while sentiment stayed in fear
Stablecoins posted a 0.1% positive change over the past 24 hours, with market capitalization at $312.6 billion and volume at $116.3 billion. The DeFi sector rose 3.7%, reaching a market cap of $111 billion and trading volume of $5.4 billion, with global DeFi dominance at 3.6%. The Fear & Greed Index stood at 29, unchanged from the previous day, but improved from 24 recorded last week and last month.
Market updates centered on token launches, payments, and policy
The source also highlighted several developments beyond prices. Spot gold moved above $5,200 per ounce, while spot silver reached 114, up 1.54% on the day. In the Solana ecosystem, the BIRB token was scheduled to launch via TGE on January 28, with allocations set at 65% for the community, 10% for the team, and 25% for investors. The same roundup said daily new token creation had exceeded 100,000 during the Zora content-coin wave before activity pulled back sharply.
On payments, a PayPal survey cited in the source said 40% of merchants already accept crypto and many have reported sales growth. On the policy side, the report mentioned comments from Bitwise CIO Matt Hougan on fragmentation in the crypto sector, and noted that Logan Manhart backed allowing up to 10% of public funds to be allocated to Bitcoin if approved.