Why Is Crypto Down Today? – January 7, 2026

Market Overview - The cryptocurrency market capitalisation has decreased by 1.6% to $3.24 trillion, with 65 of the top 100 coins experiencing price drops over the past 24 hours [1][2] - Total crypto trading volume is reported at $150 billion [1] Price Movements - Bitcoin (BTC) has fallen by 1.9%, currently trading at $91,799 [2][3] - Ethereum (ETH) is down by 0.5%, now priced at $3,211 [2][3] - XRP has the largest drop among the top coins, down 4.7% to $2.25 [3] - Dogecoin (DOGE) decreased by 1.6% to $0.1483 [4] - Tron (TRX) is the only coin among the top 100 that has appreciated, up 1.1% to $0.2944 [4] Notable Events - The U.S. Department of Justice (DOJ) liquidated 57 BTC forfeited by Samourai Wallet developers [5] - Senator Cynthia Lummis has expressed concerns regarding the liquidation, emphasizing the strategic importance of Bitcoin [6] Federal Reserve Remarks - U.S. Federal Reserve Governor Stephen Miran described the current interest rate policy as "clearly restrictive" and indicated potential rate cuts exceeding 100 basis points in 2026 [7]