Late Monday, a leverage flush sent Bitcoin down 9% to $87,000 and erased $360 million in longs. On Tuesday, crypto market value fell by $150 billion as BTC slipped below $88,000, while gold reached a record $4,874.21, up 2.3%. CoinGlass flagged $998.33 million in long liquidations over 24 hours.

Bitcoin fell below $88,000 earlier today, hitting a 19‑day low and its weakest level since January 2, the article said. Across the past few days, more than $250 billion in value was erased as total crypto market capitalization slipped under $3.1 trillion; altcoins such as XMR and HYPE lagged while a few names like CC and WLFI advanced.

On January 21, 2026, White House digital currency advisor Patrick Witt called on Congress to quickly pass a comprehensive crypto market structure bill while support from the current administration remains strong. He warned that delaying action until after a future market shock could result in reactionary, punitive rules that hinder innovation, even as industry concerns from firms like Coinbase have slowed the bill’s progress.

On Jan. 20, spot ETFs tied to Bitcoin, Ethereum, XRP and Solana recorded a combined net outflow of about $766 million, according to SoSoValue. Bitcoin led redemptions with $483 million and Ethereum saw $230 million, while XRP funds shed $53. 32 million. Solana was the outlier, posting a $3.08 million net inflow.

Ripple President Monica Long forecasts that by the end of 2026, corporate balance sheets will collectively hold over $1 trillion in digital assets and that half of Fortune 500 companies will have formal digital asset strategies. She links this outlook to the rise of regulated stablecoins like RLUSD, new U.S. legislation, and growing institutional activity in B2B payments, custody, and capital markets.

U.S. Oil (USOR) surged more than 40% in 24 hours amid heightened oil-geopolitics headlines, pushing trading volume above $43 million and placing the Solana-based token among the day’s most active assets. Despite the rally, analysts caution that USOR remains a high-risk, narrative-driven token with no verified oil backing, making it vulnerable to sharp reversals as speculation cools.

Trump Media has scheduled Feb. 2, 2026 as the record date for a non-tradable blockchain token airdrop to shareholders holding at least one DJT share. Each eligible share is initially tied to one token minted and custodied by Crypto.com, which may grant product-related rewards but no shareholder or cash rights, while the stock briefly jumped over 7% on the announcement day.

Gold's move beyond $4,800 has coincided with a surge in tokenized gold, with XAUT and PAXG drawing elevated activity. A CEX.io report says trading in these assets totaled $178 billion in 2025, including $126 billion in Q4, placing the segment behind only GLD by volume among U.S.-listed funds.