Earlier in Asian and other global markets, major cryptocurrencies such as Bitcoin, Ethereum, Solana, Cardano, BNB and XRP traded under pressure following Coinbase's reported $667 million loss for the final quarter of 2025. Bitcoin briefly dropped toward $65k before rebounding to around $67k, while Standard Chartered projected a potential short-term decline to $50k ahead of a possible recovery to $100k by year-end.

Bitcoin is forming a major liquidity cluster between the $72,000–$80,000 range, with an additional notable cluster near $67,000–$68,000. Current price action around $68,500 suggests bears still dominate, but liquidation data indicates short positions in the higher band could face pressure if bulls drive a short-term recovery.

Investment firm River reported that over 60% of the 25 largest U.S. banks now offer Bitcoin custody or trading services, with institutions such as JPMorgan Chase, Citigroup, Goldman Sachs, Wells Fargo, BNY Mellon, and Morgan Stanley involved. As banks expand Bitcoin access mainly for high-net-worth clients, they remain in conflict with crypto exchanges over the CLARITY Act, which the U.S. Senate is scheduled to vote on January 29.

Crypto analytics data indicate that XRP whales accumulated more than 50 million XRP worth about $103 million over the last week while the price trades slightly above $2.05. At the same time, XRP balances on Binance have fallen from over 3 billion tokens before the October 10 crash to around 2.6 billion, the lowest level in roughly two years. This combination of large-scale accumulation and shrinking exchange reserves could set the stage for a potential supply-driven price move if current trends persist.

Ethereum has seen a strong rebound in on-chain activity, with monthly new addresses reportedly climbing 100% to reach 8 million and daily active addresses surpassing 1 million. Network usage is being driven by new users, record daily transactions of 2.8 million and rising unique addresses, while the ETH price trades around $3.3k with modest monthly gains.

Binance founder Changpeng Zhao stated on Twitter that major US banks are "loading up" on Bitcoin as retail investors sell. Reported positions include Wells Fargo's $383 million BTC purchase, Morgan Stanley's $270 million in GBTC, and Goldman Sachs holding $1.3 billion in BlackRock's ETF plus $300 million in Fidelity's product.

The state of Florida is advancing SB 1038, a bill to establish a Bitcoin-focused strategic reserve targeted for 2026, after narrowing the scope of an earlier, stalled proposal. The measure would create a standalone reserve under the state's finance department, limited to cryptocurrencies with an average market capitalization of at least $500 billion over the past two years, a threshold currently met only by Bitcoin. Florida's legislative process is still in early stages and trails other states, some of which have already approved or funded similar reserves.

According to analyst "Discover" on X, a major altseason could unfold over the next 3–6 months, with altcoin market cap potentially rising from about 2.31 million BTC to 15 million BTC in 2026. The article notes the total altcoin market cap is just above $1.3 trillion amid a recovery following the October 10 crash.

According to Michael van de Poppe, Bitcoin has struggled to sustain moves above $88k, with fresh rejections near $90k over the past three weeks. He suggests a drop toward $83.8k or even $80k may be needed before a stronger upside can develop. The article notes at least six failed bids to reclaim $90k, including one earlier today.