BTC in peril
What's being bought and sold*
TOP TRENDING ASSETS
*Trading activity in the past 24 hours on the Uphold platform, as of 8 a.m. 30th January 2026.
The combined total of buy and sell percentages can exceed 100% due to customers who engage in both buying and selling the same asset within the 24-hour time frame.
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What’s up
An Avalanche Of Tokenization
Avalanche (AVAX) had a massive 2025 in terms of attracting real world assets (RWAs). In a report published yesterday, a Messari analyst pointed to some $1.3 billion worth of tokenized funds and loans that found their way to the layer-1 one chain. That represents a 950% increase over 2024.
A big chunk of the RWA activity connects with the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). It launched on Avalanche in November and now totals $500 million.
AVAX, which is the 34th-largest digital asset in terms of market capitalization, has not seen the tokenization trend translate into gains in the spot market. AVAX is down 68% since last year at this time.
What's down
Crypto Takes An Icy Plunge
Bitcoin was approaching the $81,000 mark last night after taking a pummeling in a marketplace rattled by a growing list of macro and geopolitical concerns.
As of early Friday, BTC had managed to get back above $82,000.
The total crypto market capitalization declined by nearly 7% at one point last night. It now stands at $2.91 trillion. DEX Hyperliquid’s native HYPE endured the worst decline among Top 30 coins as it shed 13% in 24 hours.
A fresh batch of tariff threats from the U.S. coupled with continuing conflict in Iran plus brewing tensions in the South China Sea, among other things, have tempered investors’ risk appetites, Decrypt said.
What's next
Fed Chair Candidate Branded A Fiscal Hawk
President Trump declared via a social media post today that he’s nominating Kevin Warsh, a former Fed official, to replace the incumbent Fed Chair Jerome Powell when his term ends in May. CoinDesk describes Warsh as hawkish on inflation while also noting that he occasionally has spoken positively about Bitcoin.
Reportedly, Warsh was once an investor in a crypto project called Basis, which described itself as an algorithmic central bank.
Late Thursday, as prediction markets pointed to Warsh’s ascendancy as the favorite to be the next Fed Chair, BTC was sinking lower. Investors seemed put off by Warsh’s past record of prioritizing inflation and favoring monetary discipline, although it’s been 15 years since he last served on the Fed’s Board.
