January 19th Weekly Market Recap: “Strategy and BitMine Increase Holdings” – Coincall

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MetaMask Rolls Out Native Tron Support

BTC stalled below $97k and is now range-bound around $95.5k as spot ETF inflows slowed materially after two outsized sessions; ETH is modestly off its recent peak near $3.4k but remains close to $3.3k, supported by continued spot ETF buying, strong DAT and staking demand, and an unprecedented validator entry queue of roughly 2.5m ETH, alongside fresh accumulation from BitMine.

US equities rebounded on TSMC’s stronger-than-expected 2026 capex and revenue outlook plus a US–Taiwan trade pact, while small caps extended their run of outperformance, even as multiple Fed speakers signalled a preference to keep policy restrictive.

Meanwhile, market structure headlines stayed active, with South Korea progressing STO legislation effective 2027, CME planning new ADA, LINK and XLM futures from 9 Feb 2026, IBKR enabling 24-7 USDC funding with additional stablecoins to follow, MetaMask rolling out native Tron support, and Galaxy completing the initial close of a $75m tokenised CLO on Avalanche.

"First-ballot hall-of-fame Fed chair"

Bitcoin extended its rally yesterday, pushing above $97k, while ETH held above $3,300 as spot BTC and ETH ETFs logged another outsized day of net inflows ($840.6m and $175.1m, respectively) alongside continued demand for XRP and SOL products. US equities saw a clear rotation away from Mag-7 into small caps: the S&P 500 fell 0.53% despite broad participation, the Nasdaq-100 slid further, and the Russell 2000 continued its strong relative outperformance.

Macro and policy signals were mixed, with US producer prices and retail sales firming, the Supreme Court again not ruling on Trump’s tariffs, and precious metals cooling as tariff action on critical minerals was deferred. Fed independence remained in focus after Trump said he has no plans to fire Powell, while Fed officials pushed back against political pressure and the Beige Book flagged moderate growth with tariffs beginning to filter through to prices.

Strategy and BitMine Increase Holdings

Crypto ETF flows were mixed with heavy BTC and ETH outflows, while XRP stayed net positive and set a weekly volume record, as SOL and DOGE cooled and LTC returned to inflows. Policy risk rose again with DOJ subpoenas targeting the Fed, Dubai tightening DIFC crypto rules including a privacy-token ban, and South Korea moving toward reopening corporate crypto trading under a 5% cap.

Powell Under DOJ Pressure

BTC is still rangebound near $90K, briefly touching $92K in Asia before slipping back to about $90.7K, as markets weigh tariff uncertainty, a mixed December jobs report and tomorrow’s CPI. Despite the macro noise, US equities ended last week at record highs and Fed speakers signalled only incremental policy adjustments, with traders leaning toward no change at the end-of-January meeting. Crypto ETF flows were mixed with heavy BTC and ETH outflows, while XRP stayed net positive and set a weekly volume record, as SOL and DOGE cooled and LTC returned to inflows. Policy risk rose again with DOJ subpoenas targeting the Fed, Dubai tightening DIFC crypto rules including a privacy-token ban, and South Korea moving toward reopening corporate crypto trading under a 5% cap.