The crypto market today, Wednesday, January 28, 2026, is characterized by cautious movement as investors brace for the first Federal Open Market Committee (FOMC) meeting of the year. While Bitcoin has shown a slight 24-hour uptick, the overall sentiment remains tense with several technical and regulatory shifts in play.
📈 Market Snapshot
Asset Current Price (Approx.) 24h Change Notable Trend
Bitcoin (BTC) $89,014 +0.23% Psychological battle at $90k; technicals mirror 2022 bearishness.
Ethereum (ETH) $2,923 -0.10% Trading below major moving averages; heavy seller dominance.
Solana (SOL) $141.20 Neutral Faces key resistance at $144.83
🗞️ Top Stories Today
1. FOMC Anxiety & Volatility
The market is bracing for the FOMC meeting concluding today. Analysts report a low likelihood (2.8%) of a rate cut, leading to a "risk-off" sentiment. Historically, Bitcoin has seen significant pullbacks following FOMC announcements, with a 9% drop recorded after the last session.
2. Major Regulatory Moves
US Legislation Delay: The Senate Agriculture Committee has rescheduled the markup for the Digital Commodity Intermediaries Act to Thursday, January 29, due to winter storm disruptions. This bill is critical for establishing CFTC oversight of digital assets.
UK Retail Expansion: In a major win for adoption, Valour received approval to sell yield-bearing BTC and ETH products to UK retail investors on the London Stock Exchange.
Ad Ban: The UK’s Advertising Standards Authority (ASA) banned several Coinbase ads today, labeling them "irresponsible" for suggesting crypto could help mitigate the cost-of-living crisis.
3. Institutional & Product Launches
VanEck has officially launched the first Avalanche (AVAX) ETF in the US (Ticker: VAVX). Notably, it is the first US ETF to offer exposure to both price action and staking rewards, with a fee waiver for the first $500 million in assets.
