Hello Cointribe! 🚀
Here’s your Wednesday, January 7, 2026, roundup of the key stories from the last 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
⛈️ Stormy
24h crypto recap! ⏱
📈 U.S. Crypto Market Bill Could Face Multi-Year Delays, TD Cowen Warns
TD Cowen analysts signal that the U.S. crypto market structure bill might not pass until 2027 due to increasing political obstacles. Lawmakers are divided on key regulatory measures, and partisan gridlock may stall progress for years. Stakeholders are monitoring developments closely, as the legislation could reshape market oversight and investor protections.
📊 Crypto Giants Back Trump Ahead of U.S. Midterms
Major cryptocurrency companies are increasingly aligning with Donald Trump as the U.S. midterms approach. Investments and political contributions from crypto firms suggest a strategic bet on policy influence. Observers note this trend reflects the growing intersection between crypto interests and American electoral politics.
👉 Read the full article
💼 Grayscale’s New ETF Offers Crypto Staking to Investors
Grayscale launches an innovative ETF allowing investors to participate in crypto staking. The product bridges traditional exchange-traded fund accessibility with blockchain opportunities, enabling users to earn rewards from staking popular assets. Analysts highlight this as a step toward mainstream adoption and diversified crypto investment options.
👉 Read the full article
💳 Visa’s Crypto Card Usage Soars, Marking a Strategic Milestone
Visa reports a 525% increase in crypto card spending in 2025, driven by everyday transactions rather than speculative activity. EtherFi leads with $55.4 million spent, and Visa expands support across Ethereum, Solana, Avalanche, and Stellar. The trend signals growing mainstream adoption of crypto in daily life.
👉 Read the full article
Crypto of the Day: Solana (SOL)
🧠 Solana Eyes Key Resistance as Price Consolidates
Solana has extended its recent upward move, climbing from around $126 on January 1 to test the $143 level before easing back. This pullback appears to be a pause after the rally rather than a reversal, indicating a potential technical retest.
Price Structure Remains Range-Bound
On the daily chart, Solana is moving sideways within a clearly defined band formed after the sharp drop from the October peak. Support is holding near $126.7, while resistance remains capped around $147.1. After reclaiming the $140 zone, which sits near the middle of this range, price action points to improving short-term strength and a possible attempt to move higher within the established structure.
That said, the upper boundary at $147 has not yet been breached. As long as this level holds, the broader setup remains neutral, favoring consolidation rather than a confirmed trend. A sustained daily close above $147 would validate a breakout and could set the stage for a measured advance toward the $165–170 region.
Key Levels and Network Growth
Failure to clear resistance could lead to a pullback toward $133, with $127 remaining a deeper downside level if momentum fades. Until a breakout or breakdown occurs, range trading is likely to persist. Alongside price action, Solana reported strong on-chain performance in its 2025 year-end review. Applications generated $2.39 billion in revenue, up 46% y/y, while network REV reached $1.4 billion, a 48x increase over two years. Transaction volumes and stablecoin supply also closed the year at new all-time highs.
📊 Real-Time Performance (CMC)
💵 Current price: $137.75
📉 24h change: -1.11%
💰 Market cap: $77.71B
🏅 CoinMarketCap rank: #6
🪙 Circulating supply: 564.13M SOL
📊 24h trading volume: $5.5B
🎩 Altcoins Show Strength as Support Holds
Amid the latest market action, the altcoin market is showing early signs of recovery as key technical support levels remain intact. After months of uneven performance, traders are beginning to reassess whether conditions are lining up for a broader altcoin resurgence.
📊 Support Levels Underpin Market Stability
Data tracking the altcoin market excluding Bitcoin and Ethereum, often referred to as Total3, shows prices holding above a critical support zone. This level has acted as a floor during recent pullbacks, suggesting buyers are stepping in to defend the market. The structure is also hovering near long-term average levels that often signal trend shifts when reclaimed.
🔁 Recovery Hopes After a Sharp Pullback
Earlier rallies pushed altcoin valuations toward previous highs before a steep correction erased a large portion of gains. Despite that setback, the market has avoided a deeper breakdown. Analyst Michaël van de Poppe points out that holding these levels keeps the door open for a move back toward earlier peaks if momentum continues to build.
⚠️ Why Altseason Failed to Ignite Earlier
Altseason struggled to materialize as Bitcoin dominance remained high, which may have limited capital rotation into altcoins. Liquidity was spread across an increasing number of tokens, reducing the impact of buying pressure. At the same time, inflows into ETFs appeared largely contained, failing to reach the wider altcoin market. These factors likely contributed to the difficulty in sustaining rallies.
🔮 Cautious Optimism Returns
While a confirmed altseason has yet to emerge, the ability of altcoins to maintain structural support is improving sentiment. Traders are now watching for follow-through, as sustained strength could signal the early stages of a broader rotation into altcoins.
Altcoins may not be in full breakout mode yet, but amid the latest market action, the foundations for renewed momentum are beginning to take shape.
