Gold Rallies Higher While Bitcoin Pauses—Investors Eye What Comes Next
Welcome to the Daily for January 24, 2026. ☕️
Hello Cointribe! 🚀
It’s Saturday 👋, January 24, 2026—coffee in hand? Here’s a quick breakdown of what drove the crypto markets in the last 24 hours.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☁️ Cloudy
24h crypto recap! ⏱
🏦 JPMorgan Questions Durability of Ethereum’s Big Upgrade
JPMorgan analysts are questioning whether Ethereum’s latest Fusaka upgrade can deliver lasting structural benefits. While the update initially reduced fees and boosted on-chain activity, the bank points out that similar past improvements failed to reverse deeper trends such as ecosystem fragmentation, Layer-2 migration, and rising competition. Whether these short-term gains can translate into sustainable momentum remains an open question.
👉 Read the article
⚛️ Vitalik Buterin Warns Crypto Faces Quantum Threat by 2028
Speaking at Devconnect, Ethereum co-founder Vitalik Buterin warned that advances in quantum computing could threaten the cryptographic foundations of Bitcoin and Ethereum sooner than expected. He outlined potential timelines, highlighted vulnerable wallets, and stressed the urgency of preparing quantum-resistant alternatives before the risk becomes concrete.
👉 Read the article
🤖 Private Equity Bets Big on AI Despite Uncertainty
At the Davos 2026 forum, major private equity firms reaffirmed their commitment to artificial intelligence, backing record valuations for companies like OpenAI and Anthropic. Yet behind the enthusiasm, questions persist about profitability, long-term returns, and whether this concentration of capital could sideline other emerging technologies.
👉 Read the article
📈 Nasdaq Seeks to Scrap Limits on Bitcoin & Ether ETF Options
Nasdaq has submitted a proposal to the SEC to remove the 25,000-contract position limit on Bitcoin and Ether ETF options. The exchange argues that aligning crypto derivatives with traditional commodities rules would improve market efficiency, while potentially reshaping institutional participation and risk management.
👉 Read the article
🏦 Kraken Custody Appointed Official Custodian of Ethena USDe Reserves
Kraken Custody has become one of the institutional custodians for Ethena’s USDe reserves, a synthetic dollar now ranked among the world’s top three stablecoins. Unlike traditional stablecoins, USDe uses a delta-neutral strategy combining crypto and derivatives positions, requiring advanced custody infrastructure. Kraken Financial’s SPDI-chartered bank in Wyoming provides cold storage with full asset segregation, reducing risks associated with custodian bankruptcy. The partnership reflects a step toward the institutionalization of DeFi protocols managing billions.
👉 Read the article
💎 Crypto of the Day: JasmyCoin (JASMY)
📈 JASMY Breaks the Downtrend and Signals a Shift in Momentum
Our top crypto pick for the day is JasmyCoin (JASMY), which is starting to regain market attention after a decisive technical shift. Over the past 24 hours, JASMY has climbed by around 3%, extending a recovery that began with a clean breakout above a long-standing descending trendline on the daily chart. This trendline had capped price action for several months, reinforcing a persistent bearish structure. Its recent break marks a potential turning point, as sellers appear to be losing control.
🧊 Momentum Cools, but Structure Holds
Following the breakout, price surged quickly before entering a consolidation phase around the $0.0075–$0.0078 zone. Rather than retracing sharply, JASMY is holding above its former resistance, suggesting that this area is attempting to flip into support. The Relative Strength Index (RSI) supports this view. After briefly moving into overbought territory, RSI has cooled back toward the mid-50 range, signalling healthy consolidation rather than trend exhaustion.
🎯 Price Outlook and Key Levels
As long as JASMY remains above the $0.0072–$0.0074 support zone, the broader setup leans constructive. A sustained hold could open the door for a move toward $0.0090, followed by a stronger resistance area near $0.0105. A daily close back below $0.0070 would weaken this outlook, but for now, price action points to a neutral-to-bullish continuation.
📊 Real-time Performance (CMC)
💵 Current Price: $0.007377
📉 24h Change: 2.13%
💰 Market Capitalization: $364.7M
🏅 CoinMarketCap Rank: #118
🪙 Circulating Supply: 49.44B JASMY
📊 Trading Volume (24h): $24.67M
🥇 Gold Rallies Higher While Bitcoin Pauses—Investors Eye What Comes Next
Gold’s price momentum has surged toward the $5,000-per-ounce area, reflecting strong demand for traditional safe-haven assets, while Bitcoin has remained range-bound around the $89,000–$90,000 level, prompting debate over whether the market’s “real move” is unfolding in gold first before crypto follows.
📈 Gold Breaks Toward Historic Levels
Gold recently hit fresh intraday highs near $4,950–$4,970 per ounce, fueling a narrative that safe-haven buying is dominating investor behavior. A weaker dollar and expectations of future rate cuts have made gold relatively more attractive, especially for buyers outside the U.S. Support from major financial institutions and central bank purchases is reinforcing the momentum.
📉 Bitcoin’s Range-Bound Struggle
Meanwhile, Bitcoin’s price action has been far less dramatic. Trading mainly around the $89,000 to $90,000 range, BTC hasn’t shown the decisive breakout many traders hoped for. When measured against gold—such as in the BTC/gold ratio—Bitcoin is near multi-year lows, reflecting how gold’s rally has outpaced Bitcoin’s gains.
🔄 Narratives Diverge: Safe Haven vs Risk Asset
Investors and analysts are interpreting the divergence differently: some see gold’s pull as a classic flight-to-safety move that typically precedes broader risk-asset rallies, while others view Bitcoin’s current pause as a tempo change rather than a rejection. In this view, gold moves first when fear rises, and Bitcoin follows once liquidity and risk appetite return to markets.
🧠 Key Points to Note
Gold Nears $5,000/Ounce: Precious metal demand remains high, driven by macro uncertainty and strong institutional interest.
Bitcoin Lags Relative to Gold: BTC’s range around $89–$90K and its weaker performance versus gold have lowered the BTC/gold ratio to near two-year lows.
Safe-Haven Dynamics at Play: Gold’s cultural and financial role as a store of value continues to attract capital in times of uncertainty.
Debate Over Sequencing: Some market watchers believe gold’s rally could be a precursor to renewed risk appetite that later benefits Bitcoin.
Not Mutually Exclusive: Gold and Bitcoin can strengthen at different times without invalidating each other’s value propositions.
The contrasting behavior of gold and Bitcoin highlights evolving market sentiment, where traditional hedges have taken the lead while crypto waits for broader risk tolerance and liquidity to potentially reignite momentum.
