Bitcoin, SP500 finding steadier footing after Greenland tariffs, Japan bond scares; SKR up over 500% on debut
Markets are now attempting to find a steadier footing after the big risk-off moves at the onset of the week:
Bitcoin is now attempting to reclaim the $90,000 handle, though the psychologically-important number is now acting as resistance level (we'd cited $90k as a price level to watch in our article on Monday, Jan 19).
The broader CoinDesk 20 index is also edging up 0.27% at the time of writing.
Bybit's SP500, which tracks the benchmark S&P 500, is now testing the big, round 6800 number for immediate support.
Gold (XAUUSD+) has crossed above $4800 for the first time in its history!
Sopt gold has now surged over 8% since we published this article on Dec 24th: When might we see $5000 Gold?
NOTE: Silver (XAGUSD) however appears reluctant to partake in Gold's surge so far this week, although the former did post a new all-time intraday high yesterday (Tuesday, Jan 20) and is up 31.9% so far in 2026.
Netflix, which was selected as one of our "3 Assets to Watch" this week, fell over 5% after the streaming giant forecasted lower-than-expected profits for Q1 2026.
NFLX has fallen 6.75% so far this week, close to the 7% figure we cited on Monday, Jan 19 (when US markets were closed that day).
Geopolitically-charged volatility tends to be fleeting
As we had written at the onset of this week:Β
In recent years, markets have shown a tendency to move past geopolitical/trade shockers relatively swiftly.
Granted, these are still early days.Β
There are bound to be more twists and turns in:
President Trump's aim to take over Greenland
Europe's response to Trump's threats, be it tariffs or a hostile takeover of GreenlandΒ
global bond yields (a "major risk" we had cited since publishing our 2026 Crypto Outlook on Jan 5th).
In other words, it remains to be seen whether today's mid-week steadier footing will last.
If during this year's Davos meetup, President Trump and European leaders can suggest positive developments surrounding the Greenland crisis, that may soothe global fears and help risk assets (e.g. cryptos, stocks, etc.) pare recent losses.
SKR soars over 500% on debut
Seeker (SKR) begin trading on Bybit platforms today - Wednesday, January 21st.
At an initial price of 0.002500, it surged to as high as 0.015431, marking a stunning ascent of as much as 517.24%!
SKR is the native ecosystem token of Solana Mobile, designed to be a community-owned, decentralized mobile ecosystem that removes app store gatekeepers, empowers developers, enables open crypto access, and secures the network through its TEEPin architecture.
The SKR token is primarily used to reward meaningful contributions, including app development, user adoption, and ecosystem engagement, and is expected to play a key role in governance and ecosystem decision-makingΒ in shaping the future direction of Solana Mobile over time.Β
The long-term vision is to transform smartphones into secure, user-friendly gateways for decentralized applications to reach mainstream users through intuitive, crypto-native mobile devices.
With a limited supply of 10 billion tokens, 20% of SKR supply has been airdropped to eligible users and developers.