The crypto market retreated Tuesday after weeks of gains, with the total market capitalization sliding to $3.2 trillion as Bitcoin fell about 2.3% to around $92,000, even as stocks hit new record highs and futures positioning continued to expand in digital assets.
Summary
- Some of today’s top gainers include Dogwifhat, Sui, IOTA, Lighter, Bittensor and XRP.
- The rally occurs as futures open interest accelerates.
- Short liquidations continue to accelerate this week.
Some of today’s top gainers include Dogwifhat (WIF), Sui (SUI), IOTA (IOTA), and XRP (XRP), which surged more than 14% in the past 24 hours. Here’s a look at the trajectory over the previous seven days:
| CRYPTOCURRENCY | PRICE | 7 DAYS (+/-) |
| Dog Hat (WIF) | $0.423 | +50% |
| IOTA (IOTA) | $0.1093 | +30% |
| Sui (SUI) | $1.85 | +30% |
| XRP (XRP) | $2.23 | +18.8% |
2026
Wall Street opened 2026 with momentum, as major U.S. indexes extended gains and the Dow rose nearly 1% to new record highs. Commodities also surged, led by silver surging above $80, platinum and palladium posting strong gains, and gold and copper hitting new highs.
The crypto market also surged as futures open interest continued to rise this week. Open interest rates soared to more than $145 billion, their highest level since November 10. They jumped from December’s low of $123 billion. Bitcoin (BTC) open interest has reached over $61.8 billion.
- Cryptocurrency prices also surged as short-term liquidations continued to soar. The data shows:
- Liquidations soared 60% to more than $434 billion.
- Bitcoin Short Liquidations Worth Over $186.65 Million
- The Ethereum, XRP, and Solana positions are worth over $84 million, $32 million, and $19 million, respectively.
Still, investors are flocking to crypto-related exchange-traded funds, or ETFs. For example, spot Bitcoin ETFs saw inflows of over $697 million on Monday, up from $471 million on Friday. Spot Ethereum ETF inflows added over $168 million, while XRP and Solana added $46 million and $16.2 million, respectively.
Technicals also explain crypto market rally
A closer look shows that technical aspects also explain why the crypto rally is gaining momentum. The daily chart shows that the Bitcoin price rose from a low of $80,494 in November to $94,100 currently.
Bitcoin has surpassed the 61.8% Fibonacci retracement level.
It also broke above the 50-day moving average, while the Relative Strength Index and the Stochastic Oscillator continued to rise.
Therefore, Bitcoin price could rise if it breaks above the resistance level of $94,492. Such a move will increase cryptocurrency prices over time.
