Crypto Market Explodes: AXS Soars 20%, Canton Jumps 15% While RollX Crashes 26% in Last 24 Hours
Digital assets staged a dramatic split-screen performance over the past day—some rocketing to new heights while others plunged into the red.
The Winners' Circle
AXS led the charge with a blistering 20% surge, showcasing the enduring power of gaming and metaverse tokens. Not far behind, Canton posted a solid 15% gain, proving that select altcoins can still capture significant momentum even in a fragmented market.
The Other Side of the Coin
Meanwhile, RollX took a brutal 26% haircut. The sharp divergence highlights the sector's notorious volatility—where narratives shift faster than a high-frequency trading algorithm and yesterday's darling becomes today's bag-holder. It's a stark reminder that in crypto, gravity always reasserts itself, especially for projects light on utility and heavy on speculation. Just another day at the office for digital asset investors, where the only guarantee is a rollercoaster ride that would give traditional finance veterans a heart attack.
Major Crypto Market Events Today
Source: Forex Factory
Crypto Market Last 24 Hours Update: Prices, Volume & Trends
The global cryptocurrency market today reached a capitalization of $3.13 trillion, noted an impressive 1.3% upward trend in the last 24 hours, whereas Total trading volume was recorded at $157.6 billion.
Bitcoin’s (BTC) dominance over the industry remains intense, with 57.4%, while Ethereum (ETH) carries 11.6%. The largest gainers of the industry are Polkadot and XRP Ledger Ecosystem in the past day.
(Note: BTC and ETH are often viewed as less volatile historically, but still risky. The data recorded from CoinMarketCap)
Bitcoin (BTC) price today reached $90067.26, surged 1.22% in the last 24 hours, with a trading volume of $54.65 billion and a market cap of $1.79 trillion.
Ethereum (ETH) is priced today at $3034.05, soars 2.02% in 24 hours with a trading volume of $35 billion and a market cap of $365 billion.
(Trending data is based on a combination of 24-hour price movement, trading volume, and CoinMarketCap.com trending metrics.)
RollX price (ROLL): $0.1004, down 26.35%, trading volume (TV): $1.46B.
Bitcoin price (BTC): $90,041.98, up 1.27%, TV: $54.76B.
Ethereum price (ETH): $3,026.35, gains 2.15%, TV: $35.07B.
Artyfact price (ARTY): $0.1342, soars 4.19%, TV: $1.7M.
x402wall price (WALL): $0.0003079, rises 3.39%, TV: $33.49K.
XRP price (XRP): $1.95, increases 3.06%, TV: $4.32B.
(Ranked by 24-hour percentage gain)
Axie Infinity price today (AXS): $2.66, jump 20.42%, with trading activity around $785.7M.
Canton price today (CC): $0.149, rising 15.07%, recording trading activity of nearly $29.8M.
MYX Finance price today (MYX): $5.97, gaining 12.65%, with trading activity close to $23.0M.
(Ranked by 24-hour percentage loss)
Story price today (IP): $2.40, down 8.53%, trading activity $166.35 million.
Midnight price today (NIGHT): $0.06047, slips 4.56%, trading activity $31.63 million.
Internet Computer price today (ICP): $3.63, down 2.84%, with trading activity of $140.11 million.
Stablecoins reflects 0.2% negative change over the past 24 hours, with a Stablecoin market capitalization of $312.44 billion and trading volume of $124.3 billion.
The Overall (Defi) Decentralized Finance market escalated 3.6% over the last 24 hours, recording a market cap of $107.9 billion and trading volume (TV) at $4.8 billion. Defi dominance globally marked 3.4%.
Bitcoin Fear and Greed Index Today
Source: Alternative Me
Today’s Fear & Greed Index dropped to 20 (Extreme Fear) from 24 yesterday and 61 last week (Greed). The sharp reversal reflects sudden sell-offs, price volatility, and risk-off sentiment after brief Optimism failed to sustain.
Latest Crypto Market News Today, January 22
(Note: All of these updates affect traders, as they affect liquidity, sentiment, and potential returns, and thus have to be monitored closely.)
US crypto bill faces weeks-long delay as Senate Banking shifts to housing priorities, while Agriculture Committee advances digital asset bill toward January 27 vote soon ahead.
F/m Investments has applied to the U.S. SEC to record part of its $6.3 billion TBIL ETF shares on blockchain, testing regulated security tokenization without changing the fund structure model.
U.S. President Donald TRUMP discussed Greenland and Arctic issues with NATO chief Mark Rutte, forming a preliminary agreement framework. February 1 trump tariffs are suspended as talks continue on the Golden Dome.
Ark Invest estimates the crypto market cap to be $28 trillion by 2030, with bitcoin taking the lead of $16 trillion. Smart contract platforms have the potential to add $6 trillion, with a small number of Layer-1 networks.
Elliptic reports Iran’s central bank accumulated at least $507 million in USDT via Modex, mainly routed to Nobitex, to support the rial and settle international trade transactions last year.
Senate Agriculture Chair John Boozman released an updated crypto structure bill, granting CFTC authority over digital commodities, and plans to advance it at Tuesday’s committee markup session next week.
Comparative Insight
Compared to yesterday cyprocurrency update was relatively stable; today saw a sharp deterioration. Total market capitalization fell from $3.22T to $3.09T, while the Fear & Greed Index dropped from 32 (Fear) to 24 (Extreme Fear). Bitcoin shifted from near consolidation to a 4.2% decline, and ethereum deepened losses to over 7%, signaling panic-driven selling and heightened risk aversion across the industry.
What This Means for Cryptocurrency Users
The level of volatility is likely to increase as sentiment shifts due to regulatory uncertainty and macro news triggers the crypto users. Good volumes indicate that there is high participation, but extreme fear implies that the traders are risk-averse and they focus on protecting their capital rather than taking on aggressive short-term exposure.
Risk Context: This commentary is not about long-term conditions and is merely informational. It does not point in the direction of the price or show an action to be taken on the investment.
CoinGabbar’s Opinion
According to the past 24 hours, crypto investing is risky but selectively profitable. Large holdings are stable, but sudden changes in the altcoins are a warning. In the present circumstances, it is necessary to take a conservative stand, exercise a strict risk management process, and not engage in emotional trades.
Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile and risky. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Not all regions can offer some of the services or assets discussed.
