🚨🚨🚨Today, Friday, January 23, 2026, markets are navigating a landscape defined by consolidation in crypto and significant volatility in traditional equities, particularly in Asia.
1. Crypto Market: Consolidation & "Extreme Fear"
The crypto market is currently experiencing a period of low liquidity and range-bound movement, with sentiment skewed toward caution.
* Bitcoin (BTC): Trading near $89,800, struggling to regain its hold on the $90,000 level. It remains in a consolidation phase as investors look for a new catalyst.
* Ethereum (ETH): Trading around $2,450 - $2,500, showing slight weakness with a nearly 1.5% dip in the last 24 hours.
* Market Sentiment: The Fear & Greed Index has plunged to 24 (Extreme Fear). This is largely driven by recent net outflows from US spot Bitcoin ETFs and a lack of aggressive buying interest.
* Altcoins: Most major altcoins like SOL, XRP, and DOGE are seeing mild losses (down 1–2%), while Hyperliquid and Tron have shown slight resilience.
2. Stock Market: Global & Indian Context
Traditional markets are seeing a sharp divergence between US optimism and Asian selling pressure.
* US Markets: Sentiment is relatively stable as geopolitical fears regarding Greenland have eased. Investors are awaiting PCE (Personal Consumption Expenditures) data and next week’s Federal Reserve meeting.
* Indian Markets (BSE/NSE): Indian equities saw a "sudden crash" today. The Sensex fell over 700 points and the Nifty50 dropped below 25,100. This was triggered by:
* Sustained Foreign Institutional Investor (FII) selling (13 consecutive sessions).
* The Indian Rupee hitting a fresh record low of 91.77 against the USD.
* Silver/Gold: Silver ETFs saw a massive "panic sell-off" yesterday and today, with some plunging 15–20% despite only minor drops in spot prices, flushing out speculative "margin" bets.
3. Key Themes to Watch
* Earnings Season: Over 50 Indian firms (including JSW Steel, Cipla, and IndusInd Bank) are reporting Q3 results today, which will likely dictate local market direction on Monday.
* Regulation: The crypto industry is increasingly focused on the upcoming Budget 2026 (expected in early February), hoping for a reduction in the 1% TDS (Tax Deducted at Source) and clearer tax rules.
$Cboe Volatility Index(VIX)$
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