The crypto market is closing the week strong despite a four-day streak of US ETF outflows and global tensions. Here’s a summary of what happened in space over the last 48 hours.
BTC struck with ETF outflows of $1.68 billion
Bitcoin [BTC] price held at $90,000 despite record weekly ETF outflows in 2026. The products saw four straight days of outflowfor a total of $1.68 billion.
Source: Sosowaarde
This week’s risk-off mode was triggered by the Japanese bond crisis, as investors feared the rout would spread to US markets. Moreover, global tensions between the EU and the US over Greenland have further spooked markets.
At the time of writing, these two risk factors had been significantly neutralized. For example, tensions between the EU and the US had decreased due to a potential risk Greenland dealwhich led to a relief in the markets.
At the time of writing, the Asian markets rosewith Shanghai’s SSE Composite (SSE) and Tokyo’s Nikkei 225 rising 33 and 29 basis points respectively.
However, India’s Nifty 50 fell almost 1%. The improved sentiment followed the Japanese interest rate pause following the policy rate decision of January 22.
Collectively, the shift in sentiment kept Bitcoin hovering around $90,000 despite record ETF outflows earlier this week.
BitGo is joining the crypto IPO mania
BitGo, a crypto custody and infrastructure company, became the latest industry player to go public. The crypto IPO mania underlined the sector’s growth into the mainstream, but BitGos Performance on the first day was volatile.
The stock (NYSE: BITGO) opened at $22, up slightly from $18 per share at its initial public offering (IPO).
It reached a high of $24.5 in intraday trading, a jump of about 36%. But it later erased the gains and closed the intraday session at $18.49, translating into a 2.7% rally.
Source: Yahoo Finance
Several crypto infrastructure companies, including custody firm Anchorage Digital, Kraken and crypto payments giant Bitpanda, are planning initial public offerings.
This follows a successful Circle IPO last year. That said, BitGo raised $212 million in its IPO, pushing its valuation above $2 billion.
Railgun to scale DeFi privacy
The most important latest update came from the privacy sector. Ethereum-based Railgun has unveiled Railgun_connect, a ‘plug and play’ DeFi integration that allows users to interact with on-chain platforms for staking, swaps, lending and other, using their private, gated wallets.
The project team said it has successfully tested the feature on CowSwap on Polygon POS and plans to roll it out across the DeFi ecosystem. The team invoiced the new function as,
“A unique tool for privacy and a huge step forward in making private addresses as functional as public addresses.”
For the unfamiliar: the older privacy platforms such as Zcash [ZEC] only allows and maintains shielded transfers (where the balance is hidden), without the ability to deploy capital into DeFi on a private scale. Railgun’s new feature could change and disrupt the current privacy landscape.
Markets will now shift to next week’s US Fed rate decision, scheduled for January 28. With market prices Despite an interest rate pause despite the Trump-Powell conflict, it remains to be seen whether this will be an aggressive or dovish interest rate.
Source: CME FedWatch Tool
Final thoughts
- Bitcoin Tried to Hold $90,000 Despite a Four-Day Streak of ETF Outflows of Over $1.6 Billion
- Railgun unveils a plan to aggressively scale DeFi privacy as the market shifts focus to next week’s Fed rate decision.