The global crypto market edged lower on January 9, with total capitalization slipping 0.6% over 24 hours to $3.19 trillion. Trading volume reached approximately $122 billion. Bitcoin (BTC) traded at $91,309, down 0.15%, while Ethereum (ETH) slipped 1.52% to $3,125.
Top Gainers and Losers: JASMY Surges, ZEC Tumbles
JasmyCoin (JASMY) led the gainers with a 12.98% rally to $0.009562. Polygon (POL) added 7.43%, trading at $0.1393, and Monero (XMR) rose 5.01% to $455. On the losing side, Zcash (ZEC) plunged 9.83% to $433.55, Pump.fun (PUMP) dropped 8.25%, and Pepe (PEPE) declined 7.89%.
Fear & Greed Index Dips to 27, Signaling Caution
The Fear & Greed Index fell from 28 to 27, staying deep in the "Fear" zone. Bearish price moves, profit-taking, and mixed regulatory & security news continue to weigh on sentiment.
Key Headlines: Truebit Breach Confirmed, Arkham Drops Two Chains
Cyvers Alerts flagged a suspicious transaction on the Truebit protocol that may have resulted in a loss of $26 million and 8,535 ETH. Truebit acknowledged the breach, warned users, notified authorities, and cut communication with the affected contract.
Blockchain data platform Arkham said it will end support for Blast and Manta on January 11, citing low user demand and routine chain relevance reviews.
Regulation & Institutions: Colombia Mandates Crypto Disclosure, CFTC Greenlights Bitnomial Event Contracts
Colombia’s tax authority DIAN will require crypto platforms to declare Bitcoin, Ethereum, and stablecoin transactions starting 2026, with automatic reporting for large transactions and penalties for non-compliance. In the U.S., the CFTC issued a no-action letter to Bitnomial Exchange, allowing fully collateralized event contracts on crypto, economic indicators, and financial outcomes. Separately, President Trump stated he has no plans to pardon ex-FTX CEO Sam Bankman-Fried, calling his fraud severe.
The DeFi sector fell 1.6%, with a market cap of $110.6 billion, representing 3.5% of the global market. Stablecoins held steady at a $311.8 billion market cap and $100 billion trading volume.