Real - world utility of crypto
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Why Is Crypto Up Today? – January 28, 2026
Yahoo Finance· 2026-01-28 12:32
Market Overview - The cryptocurrency market capitalization increased by 2.2% over the past 24 hours, reaching $3.12 trillion, with 90 of the top 100 coins experiencing price increases [1][2] - The total crypto trading volume is reported at $128 billion [1] Price Movements - Bitcoin (BTC) rose by 1.7%, currently trading at $89,419, while Ethereum (ETH) increased by 3.8% to $3,020 [2][3] - Among the top 10 coins, 9 have seen price appreciation, with Binance Coin (BNB) showing a 3.4% increase to $905 [3][4] - Tron (TRX) is the only coin in the top 10 that experienced a decline, down 0.7% to $0.2921 [4] Notable Performers - Hyperliquid (HYPE) is the highest gainer of the day, with a significant rise of 25.3% to $34.62 [4] - Canton (CC) follows with a 9.4% increase to $0.1655 [4] - On the downside, River (RIVER) fell by 9.3% to $54.55, and Provenance Blockchain (HASH) decreased by 7.6% to $0.02531 [4] Market Sentiment and Future Outlook - The crypto market sentiment has improved but remains in the fear zone [2] - Bitwise Chief Investment Officer Matt Hougan emphasized that the crypto market has a critical three-year window to demonstrate real-world utility, or it may face challenges due to legislative uncertainties in the US [6]