Here is a concise and informative summary of the cryptocurrency market for January 8, 2026 — key trends, price movements, and influencing factors.

📉 Main Market Trends

1. Decline of Leading Cryptocurrencies

Bitcoin (BTC) remained in the range around $90 000, but came under pressure and fell below local highs after the early-year rally.

Ethereum (ETH) trades approximately between $3 100–$3 200, showing signs of continued correction on daily charts.

The total crypto market capitalization decreased by about 4% over the day to ~$3.08 trillion.

2. Market Pressure — ETF Outflows

US Bitcoin ETFs recorded significant outflows of (~$486 million), especially from Fidelity and BlackRock, which increased short-term pressure on BTC.

Ethereum ETFs also experienced negative flows.

3. Market Sentiment and Fear Index

The Crypto Fear & Greed Index declined, approaching the fear zone, reflecting participant caution.

Traders note that prices remain in a fragile sideways range, where further fluctuations are easily possible.

💡 Fundamental and Macro Factors

4. Macroeconomic Expectations

The market awaits US employment data and other key economic signals that could influence risk appetite.

Dollar strengthening and increased volatility in global markets also weigh on risk assets, including crypto.

5. Institutional Signals

Signs of capital rotation into altcoins and high-risk tokens are emerging, potentially indicating a market phase shift (possible “altseason”).

Morgan Stanley has filed documents to launch its own ETFs on BTC and Solana, reflecting ongoing institutional interest.

🔎 Additional Observations

6. Specific Movements and Events

TON experienced a sharp decline following large token sales — such dynamics are noted by users.

El Salvador continues to buy BTC into reserves, supporting fundamental demand.

📊 Summary

Market on January 8, 2026:
🔻 Prices of major cryptocurrencies under pressure after a brief recovery;
📉 ETF outflows intensify the correction;
🧠 Sentiments remain cautious/fearful;
🔎 Institutional interest persists but is mixed with risk.