Binance Market Update: Crypto Market Trends | January 7, 2026
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.15T, down by 1.52% over the last 24 hours.Bitcoin (BTC) traded between $91,263 and $94,444 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $91,987, down by 1.59%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BREV, RAD, and SXP, up by 604%, 13%, and 11%, respectively.Top stories of the day:China Reviews Meta's $2 Billion Acquisition of AI Platform ManusSenate Banking Committee Advances Cryptocurrency Regulation BillSilver Surpasses NVIDIA in Global Market ValueSolana's Perpetual DEX Trading Volume Reaches Record High in 2025Perpetual Contract Market Shows Slight Improvement in Funding Rates U.S. Dollar Steadies Ahead of Key Jobs Data as Markets Weigh Fed Rate-Cut Timing U.S. Employment Data Anticipated to Influence Federal Reserve's Rate Decisions U.S. December ADP Employment Figures Anticipated by Financial Institutions Gold May Surpass U.S. Treasury Bonds as Largest Reserve Asset, According to Report Strategy's Shares Rise Following MSCI Decision on Digital Asset Treasury CompaniesMarket movers:ETH: $3229.68 (+0.13%)BNB: $914.51 (+0.15%)XRP: $2.2573 (-3.65%)SOL: $138.01 (-0.09%)TRX: $0.2953 (+1.13%)DOGE: $0.15042 (-0.02%)WLFI: $0.1686 (-2.54%)ADA: $0.4139 (-0.70%)BCH: $632 (-1.40%)WBTC: $91817.9 (-1.61%)
Last night, during the FOMC meeting, the central bank decided to cut interest rates. This time, the rate cut was 25 basis points (bps). However, despite the rate cut, crypto prices fell instead of rising.
The reason for this decline is that the market had already priced in the expected rate cut in the days leading up to the meeting, causing prices to rise earlier.
After the rate cut announcement, the price of Bitcoin dropped to $109,200. $BTC $BNB $ETH