Crypto Market Update Jan 27, 2026
GameFi Rally Drives Gains as Bitcoin Holds Around $88K — Bitcoin was trading near $88,000 in early Asian trading after reclaiming the $88,000 level, and the market showed gains across major digital assets. Ethereum pushed through $2,900 while multiple tokens recorded advances during the same period, reflecting a broad upward move among large cryptocurrencies. The total crypto market capitalization stood at about $3.08 trillion, an increase of 1.8% over the referenced period.
The GameFi sector surged 4.64% over the last 24 hours, with Axie Infinity (AXS) rallying 36.94% during that span. Other projects linked to the rally included Hyperliquid (HYPE) and Linea (LINEA), both of which posted double-digit gains in the reporting window. These price movements occurred in the same reporting period as the rise in overall market capitalization and the noted gains in major tokens.
The GameFi sector surged 4.64% over the last 24 hours, alongside sharp token gains within blockchain gaming and play-to-earn projects that were noted in the report. Axie Infinity (AXS) rallied 36.94% during the same period. Other tokens linked to the GameFi rally posted strong advances, with Hyperliquid (HYPE) and Linea (LINEA) recording double-digit gains in the reporting window. The movements combined prominent single-token rallies and broader sectorwide appreciation captured in the data. These developments were reported alongside gains across major cryptocurrencies in the same coverage.
Bitcoin reclaimed the $88,000 level and was trading around $88,000 in early Asian trading, according to the report. Ethereum pushed through $2,900 during the same reporting period. The update noted that US spot bitcoin ETFs logged their biggest weekly outflow since February 2025. These developments coincided with a broader market uptick that included a 4.64% surge in the GameFi sector and a total crypto market capitalization of about $3.08 trillion, up 1.8%. The report also listed token-level rallies and sector gains within the same timeframe.
Gold climbed 1% to about $5,066 an ounce, and silver rose 6.4% to $110.60 an ounce during the reporting period. The yen rose as much as 1.2% to 153.89 per dollar, while the euro was trading between $1.18 and $1.1898. These moves in precious metals and currencies were included in the same market update. The figures were reported alongside changes in cryptocurrencies and equities.
Nasdaq futures rose 0.2%, and the S&P 500 and Nasdaq indexes reached their highest levels in more than a week. The equity gains were noted in the same coverage that reported the metal and currency moves. The article listed these market indicators without additional context.
Donald Trump announced an increase in tariffs on South Korean imports, raising tariffs on autos, lumber and pharmaceuticals from 15% to 25%. The announcement included the exact statement: “BECAUSE THE KOREAN LEGISLATURE HASN’T ENACTED OUR HISTORIC TRADE AGREEMENT, WHICH IS THEIR PREROGATIVE, I AM HEREBY INCREASING SOUTH KOREAN TARIFFS ON AUTOS, LUMBER, PHARMA, AND ALL OTHER RECIPROCAL TARIFFS, FROM 15% TO 25%”. The tariff change specified autos, lumber and pharmaceuticals as examples of items affected by the increase. The tariff threat was noted in the same market update that reported cryptocurrency and macro market movements.
The crypto market saw gains led by a 4.64% surge in the GameFi sector, with Axie Infinity (AXS) up 36.94% and other projects such as Hyperliquid (HYPE) and Linea (LINEA) posting double-digit gains. Bitcoin reclaimed the $88,000 level and was trading around $88,000 in early Asian trading while Ethereum pushed through $2,900, and the total crypto market capitalization was about $3.08 trillion, up 1.8%.
Macro moves included gold climbing 1% to about $5,066 an ounce, silver rising 6.4% to $110.60 an ounce, the yen strengthening as much as 1.2% to 153.89 per dollar, the euro trading between $1.18 and $1.1898, and Nasdaq futures rising 0.2% as the S&P 500 and Nasdaq reached their highest levels in over a week.
The update also noted that US spot bitcoin ETFs recorded their largest weekly outflow since February 2025 and that Donald Trump announced an increase in tariffs on South Korean imports, raising tariffs on autos, lumber and pharmaceuticals from 15% to 25%.
