Gold Surges to a New Record While Bitcoin Softens on Global Tensions
Welcome to the Daily for January 21, 2026. ☕️
Hello Cointribe! 🚀
Happy Wednesday! 👋 January 21, 2026—missed what moved the markets in the last 24 hours? We’ve got you covered.
But first…
✍️ Cartoon of the day:
A quick look at the market…
🌡 Weather:
☁️ Cloudy
24h crypto recap! ⏱
💰 Crypto Market Rebounds With Strong Fund Inflows
Crypto investment products saw a notable resurgence last week, with over $2 billion in fresh capital entering the sector, led by bitcoin-linked funds that captured roughly 71% of the flows. While traditional markets struggle, institutional interest appears to be returning to digital assets, with smaller inflows also registered for Ethereum, XRP, Solana, and Chainlink. The strength of Bitcoin products and macroeconomic uncertainty are cited as key drivers of this shift in allocation strategies.
🔥 Crypto: Injective Validates a Vote to Reduce the INJ Token Supply
The Injective community overwhelmingly approved a governance proposal to tighten the INJ token’s supply dynamics by cutting new issuance and bolstering the burn mechanism. With nearly unanimous support, the updated tokenomics aims to accelerate deflationary pressure, marking a strategic shift in the protocol’s economic model amid price challenges.
⚖️ Vitalik Buterin Proposes DAO Governance Overhaul
Ethereum co-founder Vitalik Buterin criticizes the current design of DAOs as overly rigid and dominated by token-weighted voting, arguing this model has strayed from its original purpose. He identifies systemic flaws, including centralization, voter fatigue, and weak corrective mechanisms, and suggests rethinking DAOs as adaptable, infrastructure-level systems using tools like confidential voting and advanced cryptography.
⚡ Historic Drop in Bitcoin Hashrate: Is AI to Blame?
Bitcoin’s network hashrate recently dipped below 1 zettahash per second—a significant retreat from recent peaks—as miners reallocate computing power toward more profitable AI workloads amid economic pressures. This shift raises questions about network security and decentralization, even as lower mining difficulty makes block production easier.
💳 Krak Card: Kraken Unveils Its Crypto Mastercard for Europe
Kraken has launched the Krak Card, a Mastercard-linked debit card designed for users in the European Union and the United Kingdom, letting holders spend over 400 cryptocurrencies and fiat currencies wherever Mastercard is accepted. The card features no transaction, exchange, or monthly fees and offers up to 1% cashback in Bitcoin, euros, or pounds. Its multi-asset payment flexibility automatically combines assets during transactions, and the card is available in both virtual and physical formats. Kraken positions this product as part of its broader strategy to make crypto spending more accessible in daily life.
👉 Read the full article
💎 Crypto of the Day: Canton Coin (CC)
🚀 Canton Coin Near a Key Turning Point
Canton Coin (CC), the native asset of the Canton Network, is the token in focus today. The asset has recorded an 11% increase over the past 24 hours, marking a shift in short-term momentum. While CC had posted several consecutive red daily closes, price action has improved this week, indicating renewed market interest.
📈 Price Structure and Key Levels
On the daily chart, CC is showing a neutral-to-bullish technical structure after rebounding from recent lows. Following a sharp decline earlier in the trend, the token found a base and began to post higher lows, reflecting a gradual return of buyers. The subsequent upward move has slowed into a consolidation phase rather than facing an aggressive sell-off, suggesting the market is digesting recent gains.
At present, CC is trading near the $0.135 region, positioned just below a notable resistance band between $0.139 and $0.140. This area has been tested on multiple occasions and continues to act as a key barrier. A daily close above this zone would strengthen the case for further upside. On the downside, the $0.112–$0.113 range remains an important support level. Holding above this area keeps the recovery structure intact and limits downside risk in the near term.
📊 Momentum Indicators and Outlook
Momentum readings are aligned with the current price behavior. The 14-day Relative Strength Index is holding in the mid-50 range, staying above the neutral 50 level and well below overbought territory. After nearing higher levels earlier, the indicator eased without a sharp breakdown, pointing to consolidation rather than fading strength. No evident bearish divergence has emerged so far.
From a technical standpoint, a confirmed move above $0.140 could allow price to target the $0.155–$0.160 zone, with a possible extension toward $0.175–$0.180 if momentum builds further. However, a daily close below the $0.112 support would weaken the current bias and raise the risk of a pullback toward the $0.095–$0.100 area.
Overall, CC appears to be nearing a decisive phase, with tightening price action between well-defined support and resistance levels.
📊 Real-time Performance (CMC)
💵 Current Price: $0.1359
📉 24h Change: 10.6%
💰 Market Capitalization: $5.09B
🏅 CoinMarketCap Rank: #23
🪙 Circulating Supply: 37.48B CC
📊 Trading Volume (24h): $27.02M
🥇Gold Surges to a New Record While Bitcoin Softens on Global Tensions
Amid rising geopolitical uncertainty and market unease, gold has smashed through previous price ceilings, while Bitcoin has struggled to hold lofty levels, reflecting investors’ flight toward traditional safe-haven assets.
📈 Gold Hits Unprecedented Heights
Gold futures reached an all-time high of $4,739 per ounce, driven by investors seeking security amid growing fears over global instability and economic pressure. Precious metals, including silver, have seen extended rallies as capital flows out of risk assets.
📉 Bitcoin’s Relative Weakness in a Risk-Off Environment
While gold climbed sharply, Bitcoin has pulled back toward around $90,000, showing heightened volatility and indicating that the leading cryptocurrency is currently not acting as a reliable hedge compared with traditional safe havens. The cautious sentiment has carried over into broader crypto markets, with major altcoins also retreating.
🌍 Geopolitical Developments Fuel Market Shifts
Announcements of new U.S. tariffs on European imports escalated concerns about potential broader trade conflicts, prompting emergency meetings among European leaders and spurring risk-off behavior in global markets. Equities and bond yields reacted nervously, amplifying the demand for gold and other hedges.
📊 Risk Off, Safety On
The divergence between gold and Bitcoin demonstrates how extremely uncertain macro conditions can tilt investor preference toward assets with a long history of capital preservation. Traditional safe havens appear to hold the upper hand in sentiment for now, even as some observers suggest gold’s momentum could eventually reinvigorate flows back into risk assets.
Key developments show how rising global tensions can amplify classic flight-to-quality dynamics, with precious metals leading the way while crypto markets navigate renewed caution.
Solid breakdown of the flight-to-quality mechanic. The gold/BTC divergence at 90k illustrates somthing that gets missed in the digital gold narrative, Bitcoin still trades like risk-on when tension spikes hard. I've watched this in 2022 fed hikes and the pattern repeats. Canton getting traction above 0.14 would be interesting timing if the broader risk appetite actually shifts back after safe haven flows peak.