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The Bitcoin network's hashrate has dropped below 1000 EH/s (1 ZH/s) for the first time in four months, Cointelegraph reported. According to data from the Hashrate Index, the network's seven-day average hashrate is currently 993 EH/s. This figure marks a 15% decrease from the peak of 1157 EH/s recorded on Oct. 19 of last year. Analysts suggest the decline is likely due to BTC miners reallocating power to artificial intelligence (AI) investments in pursuit of higher returns.

Trading volume on the decentralized perpetual futures exchange (PerpDEX) Lighter has plummeted since its recent airdrop, blockchain analysis platform Cryptorank.io reported via X. The platform's weekly trading volume has fallen by nearly three times from its peak. As a result of the decline, Hyperliquid (HYPE) has reclaimed its position as the leading PerpDEX by trading volume. Cryptorank also highlighted Variational as another noteworthy platform, with daily trading volumes around the $1 billion level.

Bitcoin's price has fallen sharply following U.S. President Donald Trump's threat to impose new tariffs on eight European nations as part of his administration's efforts to purchase Greenland, according to Cointelegraph. The move triggered a sell-off in cryptocurrencies while traditional safe-haven assets like gold and silver rallied. President Trump announced on Saturday that a 10% tariff would be applied to imports from countries including Denmark, France, Germany, and the UK, effective Feb. 1. He warned the rate could rise to 25% by June if a deal for Greenland is not reached. The resulting trade war fears appear to have spurred risk-off sentiment, leading to the liquidation of $860 million in BTC long positions over the past 24 hours. Analysts cited by the report suggest that Bitcoin is behaving like a tech stock, sensitive to macroeconomic shocks, and has decoupled from traditional safe havens.

South Korean crypto exchange Bithumb announced it has temporarily suspended Tether (USDT) withdrawals via the Tron network, effective 3:55 a.m. UTC on Jan. 19, due to wallet system maintenance.

U.S.-based selling pressure has recently reached its strongest level, according to an analysis by Mignolet, a CoinNess Content Creator and crypto analyst. He noted that the Coinbase Premium Gap (CPG) has widened significantly even while the ETF market is closed. Mignolet's analysis suggests this selling pressure likely originates from large U.S. investors operating through channels other than ETFs, identifying it as a traditional selling pattern that has been observed repeatedly in the past.

European sentiment is shifting from appeasement to a more confrontational stance against U.S. President Donald Trump after he used tariffs to pressure eight countries opposing the U.S. annexation of Greenland, Yonhap News reported, citing the Financial Times (FT). According to an FT report on Jan. 18, which surveyed about 10 European officials and diplomats, many believe Trump's latest tariff measure has crossed a red line and that a strategic change is now necessary. The FT noted that the move has taught European leaders the brutal lesson that their efforts to appease the U.S. president and protect the transatlantic alliance have failed.

The cryptocurrency perpetual futures market has experienced over $440 million in forced liquidations in the past 24 hours, with long positions being disproportionately affected. Bitcoin (BTC) led with $228 million in liquidations, of which 97.05% were longs. Ethereum (ETH) followed, seeing $153 million in liquidations, with long positions accounting for 76.7%. Solana (SOL) liquidations totaled $59.95 million, with longs making up 98.47% of that volume.

South Korean customs authorities have arrested a group for illegally transferring 148.9 billion won ($107.5 million) into the country from overseas using cryptocurrency, Yonhap News TV reported. The Seoul Main Customs office announced it has referred three individuals, including a Chinese national in his 30s, to prosecutors. The group allegedly operated for approximately four years, laundering funds by accepting payments in foreign currency from international clients for services like plastic surgery and tuition. They would then convert the funds into crypto before selling the assets for Korean won.

Decentralized perpetual futures exchange Aster announced on X that it will allocate an additional 20% to 40% of its daily platform fees to its token buyback program. This follows a five-stage buyback plan the platform unveiled last month.

According to Tokenomist, major token unlocks scheduled for this week (Jan. 19-25) are as follows. On Jan. 20 at 11:00 a.m. UTC, ZRO will unlock 25.70 million tokens ($43.19 million), representing 6.36% of its circulating supply. On Jan. 21 at 12:00 a.m. UTC, PLUME will unlock 1.367 billion tokens ($21.50 million), or 39.75% of its supply. On Jan. 22, RIVER will unlock 1.50 million tokens ($40.45 million, 4.32% of supply) at 12:00 a.m. UTC, and MBG will unlock 24.72 million tokens ($9.74 million, 12.13% of supply) at 12:00 p.m. UTC. Finally, on Jan. 25, H will unlock 105 million tokens ($18.95 million, 4.57% of supply) at 12:00 a.m. UTC, and XPL will unlock 88.89 million tokens ($11.12 million, 4.33% of supply) at 12:00 p.m. UTC.

The Altcoin Season Index from crypto data platform CoinMarketCap is currently at 25. The index is calculated by comparing the price performance of the top 100 coins by market capitalization, excluding stablecoins and wrapped tokens, against Bitcoin. An altcoin season is declared if 75% of these top coins have outperformed Bitcoin over the past 90 days; otherwise, it is considered a Bitcoin season. A score closer to 100 indicates an altcoin season.

Jan. 19 - U.S. markets closed for Martin Luther King Jr. Day. Jan. 20 - 1:00 a.m. UTC: China announces its Loan Prime Rate (LPR). Jan. 21 - 1:30 p.m. UTC: U.S. President Donald Trump speaks at the Davos Forum. Jan. 22 - 1:30 p.m. UTC: U.S. third-quarter GDP (preliminary) and initial jobless claims data released. - 3:00 p.m. UTC: U.S. November Core Personal Consumption Expenditures (PCE) data released. Jan. 23 - 3:00 a.m. UTC: Bank of Japan announces its interest rate decision.

The price of spot gold has surpassed $4,666 per ounce to reach a new all-time high. Spot silver also set a new record, breaking past $94 per ounce. Gold is currently trading at $4,668.780, up 1.59% from the previous day, while silver is trading at $93.014, an increase of 3.26%.

According to CoinNess market monitoring, BTC has risen above $93,000. BTC is trading at $93,048.66 on the Binance USDT market.

Major exchanges have seen $531 million worth of futures liquidated in the past hour. In the past 24 hours, $641 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $92,000. BTC is trading at $91,950.04 on the Binance USDT market.

According to CoinNess market monitoring, BTC has fallen below $93,000. BTC is trading at $92,792.19 on the Binance USDT market.

The Crypto Fear & Greed Index from data provider Alternative has fallen five points from the previous day to 44. The drop signals a shift in investor sentiment from the neutral stage to the fear stage. The index operates on a scale where 0 represents extreme fear and 100 signifies extreme optimism. It is calculated based on volatility (25%), trading volume (25%), social media mentions (15%), surveys (15%), Bitcoin's market capitalization dominance (10%), and Google search volume (10%).

Kaito has clarified that a recent deposit of its native token to Binance was a measure by its market maker to stabilize funding rates, not a prelude to a sell-off. In an interview with Digital Asset, the project addressed community speculation that the team had deposited the tokens to liquidate its holdings. This suspicion was fueled by news that Kaito's "yaping" business was suspended following a policy change at X. The team explained that on Jan. 4, the KAITO funding rate on Binance became significantly negative, prompting the transfer to its market maker for stabilization.

Major exchanges have seen $150 million worth of futures liquidated in the past hour. In the past 24 hours, $250 million worth of futures have been liquidated.

According to CoinNess market monitoring, BTC has fallen below $94,000. BTC is trading at $93,897.37 on the Binance USDT market.

Binance Australia has resumed direct Australian dollar (AUD) deposit and withdrawal services for local users after a two-year suspension, Decrypt reported. The exchange had halted these services in 2023 amid tightening regulations from local financial authorities.

Mid-to-large investors holding between 10 and 1,000 BTC have accumulated approximately 110,000 BTC over the past 30 days, the largest increase since the collapse of FTX in 2022, CoinDesk reported, citing data from Glassnode. The total holdings of this cohort have risen from 6.4 million BTC two months ago to a current level of 6.6 million BTC. Additionally, smaller investors holding less than one BTC added over 13,000 BTC during the same period. CoinDesk noted that these trends suggest many investors perceive the current BTC price level as undervalued, which is driving broad-based market demand.

Daily cryptocurrency trading volume on South Korea's five largest exchanges has plummeted by 82.5% over the past year, Maeil Business Newspaper reported, citing data from CoinGecko. As of Jan. 18, the combined daily volume for Upbit, Bithumb, Coinone, Korbit, and Gopax stood at 3.05 trillion won, a sharp decline from the 17.4 trillion won recorded on Jan. 19 of the previous year. The newspaper noted that in January of last year, daily trading volumes consistently neared 10 trillion won amid high market expectations. In contrast, daily volume this month has remained below 5 trillion won, with the exception of Jan. 6 (5.27 trillion won) and Jan. 14 (5.06 trillion won).

Crypto trader Michaël van de Poppe has argued that the halt in progress on the U.S. crypto market structure bill (CLARITY) is a positive development for the market and the industry as a whole, Cointelegraph reports. He stated that the bill would have had a negative impact on the market if it had passed in its current form and that the opportunity for renewed discussions between authorities and the industry is a positive sign. Van de Poppe compared the situation to the European Union's Markets in Crypto-Assets (MiCA) regulation, which underwent several rounds of negotiation and revision before its passage. Last week, Coinbase withdrew its support for the current bill, calling it problematic. The White House then reportedly indicated it would also withdraw its support if Coinbase did not re-engage in discussions. However, Coinbase CEO Brian Armstrong has refuted these claims, stating that constructive talks are ongoing. Bipartisan renegotiations of the bill are now reportedly underway.