At the start of 2026, the crypto market is releasing very clear structural signals.

Bitcoin is running steadily above $94,000, Ethereum is holding the key level of $3,200, and the overall trend remains strong. Notably, XRP surged approximately 25% in a single day, with its market cap briefly surpassing BNB, reclaiming the third position in market capitalization, reflecting capital reallocation toward high-liquidity mainstream assets.

From a capital perspective, ETF single-day net inflows exceeded $1 billion, pushing the total crypto market cap to approximately $3.3 trillion, with 24-hour trading volume reaching $137 billion, indicating sustained increases in institutional participation. A notable shift at present is that some institutional capital is beginning to rotate from BTC to ETH, and market expectations for Ethereum breaking through $4,000 are strengthening.

From a long-term perspective, Bitcoin remains the core value anchor of this cycle. Its price stability and institutional allocation characteristics provide solid underlying support for the entire market. The current stage is more like the mid-early phase of a bull market, rather than an emotional ending.

If the macro liquidity environment is maintained and ETF capital continues to experience net inflows, this round of market movements still has room for further expansion.

Are you more bullish on BTC and ETH as the main drivers going forward, or on other high-Beta assets?

#Bitcoin # Ethereum #XRP