Cryptocurrency Market Today January 23, 2026: Slight Correction Ahead of the Weekend

SundayDegen · 2026-01-24T01:29:50+00:00

On January 23, 2026, the crypto market showed dynamic movements, with altcoins like 0G, STG, and ZRO gaining momentum. Predictions for Bitcoin suggest a potential rise to $185,500, despite some short-term challenges. Notably, inflation data influenced Bitcoin's price fluctuations, while institutional accumulation continues.

SundayDegen

2026-01-24 01:29:50

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Source: TokocryptoBlog Original Title: Cryptocurrency Market Today January 23, 2026: Slight Correction Ahead of the Weekend Original Link: As the weekend approaches, the cryptocurrency market today, Friday (23/1), moves dynamically with several altcoins such as 0G, STG, and ZRO recording double-digit gains, reflecting growing speculative interest.

Potential Altcoin List Ahead of the Weekend

0G surged 14% today, reaching a price level of $0.874458.
STG recorded a significant increase of 12%, touching $0.1881.
ZRO grew positively by 12%, now priced at $2.179.

Q1 Target: Bitcoin Breaks $185,500 Prediction

On the macro side, research remains optimistic, projecting Bitcoin could surge up to $185,500 in Q1, despite ETF outflows and short-term resistance still limiting price movement.

Macro & ETF: Positive interest rates, but ETF outflows of $4.57M hinder prices.
On-chain: Support at $84k, resistance at $98k. Prices still within fair range.
Outlook: Potential 100% increase toward the target of $185,500.

US PCE Inflation Reaches 2.8% YoY, Bitcoin Reacts

PCE inflation data rose to 2.8% in November, in line with expectations.
Bitcoin dropped below $89,000 amid inflation data release.
Fed interest rate cut expectations for this year decreased following macro data release.

Bitcoin Accumulation Continues

Accumulation: Institutional holdings now exceed 700,000+ BTC.
Traders bet holdings will reach 740,000 BTC by February 28.
Stock Conditions: Related stocks weaken amid Bitcoin price correction.

0G-6.36%

STG1.54%

ZRO1.98%

BTC1.01%

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