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Brief
Over the past 24 hours, the crypto market decreased by 1.49%, despite a weekly growth of 4.04%. This was due to weak performance of altcoins compared to Bitcoin amid regulatory uncertainty.
Regulatory concerns: Disagreements surrounding the US CLARITY Act increased policy uncertainty, negatively impacting investor sentiment.
Altcoin weakness: Tokens such as UNI and FOGO fell by 5–12% due to issues related to specific projects, affecting the overall market.
Rotation towards Bitcoin: Bitcoin’s dominance increased by 0.10% to 59.07%, indicating a capital shift from altcoins to Bitcoin and putting pressure on total market capitalization.
Details
1. Regulatory uncertainty (negative factor)
Overview: The US CLARITY Act, aimed at creating clear rules for cryptocurrencies, faced issues after Coinbase CEO Brian Armstrong withdrew support, citing concerns over restrictions on tokenized stocks and expanded government access to data. This slowed the bill’s progress in the Senate (Bitcoinist).
What it means: Policy uncertainty has resumed, causing caution among investors, especially during a period of increased correlation between cryptocurrencies and the stock market (correlation with Nasdaq-100 over 24 hours: +0.29).
2. Altcoin weakness (negative factor)
Overview: Major altcoins such as Uniswap (UNI, -5.1%) experienced sell-offs by large holders, and Fogo (FOGO, -12.5%) suffered a sharp decline after the airdrop. Trading volumes increased by 3.5% and 65%, respectively, confirming selling pressure.
What it means: Problems with individual projects have increased overall market vulnerability, especially considering that the Altcoin Season Index dropped to 26 — the lowest level since November 2025.
Summary
Today’s decline is driven by regulatory indecision and concentrated altcoin sell-offs, but Bitcoin’s (domination 59.07%) resilience indicates capital rotation rather than panic. Stay tuned for the updated CLARITY bill, which the Senate Banking Committee plans to introduce by January 27 — this will provide more clarity on regulation.