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[LIVE] Crypto News Today: Latest Updates for Jan. 26, 2026 – BTC Slumps 11% From Monthly High Below $87K Amid Market Wide Slump

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Follow up to the hour updates on what is happening in crypto today, January 26 Market movements, crypto news, and more!

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Jai Pratap

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Jun 2023

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Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

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Last updated:

January 26, 2026

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Follow up to the hour updates on what is happening in crypto today, January 26 Market movements, crypto news, and more!

The cryptocurrency market faced a sharp correction in the early hours of January 26, with BTC erasing its entire monthly progress. After peaking at $97,000 on January 14, Bitcoin slid approximately 10.9% to briefly dip below the $87,000 mark. This volatility has pushed the January return to -0.5%, reflecting a broader “risk-off” sentiment across the digital asset space. The pullback is being attributed largely to rising uncertainty around U.S. government shutdown, alongside broader risk-off sentiment across global markets.The GameFi sector bore the brunt of the sell-off, dropping nearly 5%, led by double-digit losses in Axie Infinity (AXS). While Ethereum fell below $2,900, some assets showed resilience; notably, River (RIVER) surged 30% and Beam (BEAM) rose 19%, suggesting that despite the macro-level decline, specific project catalysts continue to drive isolated pockets of growth.

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