Bitwise Identifies 3 Key Obstacles Before New Record Highs
Welcome to the Daily for, January 9, 2026. ☕️
Hello Cointribe! 🚀
Friday’s here! January 9, 2026, and we’re serving up the top news bites from the last 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☀️ Sunny
24h crypto recap! ⏱
💧 Ripple Shuns IPO to Preserve Independence in 2026 Strategy
Ripple’s leadership has surprised investors by ruling out any imminent IPO, despite a valuation around $40 billion following major fundraising and a legal win over the SEC. President Monica Long emphasized that the company is financially healthy enough to fund growth without going public, choosing instead to maintain strategic autonomy and control over governance. The decision stands in contrast to other crypto firms pursuing public listings, and while it’s aimed at deeper integration with traditional finance, it raises questions about Ripple’s long‑term capital strategy.
💵 Moody’s Report Flags Stablecoins as Institutional Digital Cash
A new Moody’s report identifies a structural shift in digital finance: stablecoins are evolving into institutional “digital cash,” increasingly used by banks and asset managers for settlement, liquidity management, and tokenized assets. In 2025, stablecoins saw significant blockchain payment volume growth and are central to a growing tokenization trend linking traditional and digital finance. But Moody’s warns of technical risks such as smart contract vulnerabilities and governance issues that could undermine progress if unaddressed.
👉 Read the full article
📉 XRP ETFs See First Net Outflows After Strong Inflows
XRP‑linked ETFs experienced their first net outflows since launch on January 7, 2026, with roughly $40.8 million withdrawn, breaking a 36‑day streak of inflows totaling over $1.3 billion. This reversal coincided with significant outflows from Bitcoin and Ethereum ETFs, prompting debate about whether the moves reflect simple profit‑taking or a broader shift in institutional allocation strategies. The event highlights growing complexity in how crypto ETFs behave relative to traditional financial products.
👉 Read the full article
📈 Could Bitcoin’s Historical Pattern Signal a 2026 Rebound?
Bitcoin closed 2025 with a modest 6.36 % loss, yet historical patterns suggest negative years are often followed by substantial rebounds. Analysts highlight past cycles where declines preceded strong gains, and advanced models project a range of possible outcomes for 2026—including significant upside if liquidity conditions improve. While this past performance fuels intrigue, experts caution that history alone doesn’t guarantee future results.
👉 Read the full article
Crypto of the Day: Shiba Inu (SHIB)
🧠 SHIB Price Rebounds but Holds Steady as Accumulation Continues
Shiba Inu (SHIB) has made notable strides in the past week, experiencing a more than 16% price increase according to data from CoinGecko. Initially, the meme coin was on a downward trajectory, but it saw a sharp surge afterward. However, this upward momentum was short-lived, with the price retracing and returning to trade within a clearly defined rectangular range. As of now, SHIB is consolidating between a resistance at 0.00000928 USD and a support level around 0.00000847 USD.
RSI Reflects a Balanced Market Condition
Currently, the Relative Strength Index (RSI) for SHIB stands at 58.90, suggesting a neutral market condition. This level indicates that there is neither significant buying nor selling pressure at the moment, which explains why the price has remained within a tight range. With no clear direction emerging, the market seems to be waiting for the next catalyst.
Ongoing Withdrawals Indicate Accumulation Phase
A contributor from CryptoQuant recently shared an update on X, highlighting that 35.6 million SHIB tokens have been quietly withdrawn from Binance during the final months of 2025. This withdrawal pattern signals sustained outflows from exchanges, a sign of accumulation rather than distribution. In fact, October saw the highest outflow, with over 20 million SHIB tokens leaving exchanges. These persistent withdrawals have resulted in reduced liquidity on exchanges, diminishing selling pressure in the market.
Given these dynamics, the market is leaning toward a potential upward shift, with the next move depending on an increase in demand and trading volume.
📊 Real-Time Performance (CMC)
💵 Current price: $0.000008648
📉 24h change: 1%
💰 Market cap: $5.09B
🏅 CoinMarketCap rank: #23
🪙 Circulating supply: 589.24T SHIB
📊 24h trading volume: $106.33M B
🎩 Bitwise Identifies 3 Key Obstacles Before New Record Highs
As the cryptocurrency market anticipates new highs, Bitwise has outlined three significant hurdles standing in the way of a record-breaking rally. While the outlook remains positive, these challenges must be addressed for the market to push further upward.
📉 Key Obstacles to Overcome
Bitwise analysts point to three major obstacles preventing a fresh all-time high in crypto markets. The first is the market’s current lack of liquidity, which has limited potential for substantial price movements. Second, institutional investors remain cautious, creating a bottleneck for larger capital inflows. Third, regulatory uncertainty continues to loom, which may prevent more mainstream adoption and broader market participation.
⚖️ Market Stability Amid Uncertainty
Despite these hurdles, the market has shown resilience. Analysts note that key technical levels, particularly for Bitcoin and Ethereum, remain stable, providing a solid foundation for future growth. However, the pace of recovery has been slower than expected, partly due to the caution surrounding the aforementioned obstacles.
🔍 Crypto’s Road Ahead: Regulatory Clarity Needed
For a true market breakthrough, clarity on regulations and smoother integration with institutional players will be key. Until then, the market faces a balancing act between growth potential and the factors keeping investors on edge.
💡 A Cautious Path to New Heights
Bitwise’s assessment highlights cautious optimism but urges attention to the challenges that could hinder sustained growth. While the market is not yet poised for a new record, overcoming these obstacles could set the stage for future momentum.
