Crypto prices today (Jan. 22): BTC, BNB, XMR, SUI rebound as Trump cancels EU tariff threats

Crypto prices today edged higher as easing geopolitical tension helped stabilize risk appetite, even as sentiment indicators remained deep in fear territory.

The total crypto market capitalization rose 0.8% to about $3.12 trillion. Most of the major tokens traded in the green, though gains were modest and uneven.

Bitcoin was trading at $89,872 at the time of writing, up 0.5% from the previous day. Monero performed better, rising 4% to $512, while BNB increased 1.3% to $892. Sui saw a slight rebound as well, going up 1.2% to $1.52.

Despite the price bounce, investor mood stayed cautious. The Crypto Fear & Greed Index, compiled by Alternative, slipped four points to 20, keeping the market firmly in the “extreme fear” zone.

Derivatives data pointed to cooling leverage. According to CoinGlass data, 24-hour liquidations fell 63% to $626 million, while open interest declined 1.02% to $132 billion. The average market relative strength index hovered around 45, suggesting neutral momentum rather than a strong trend.

Tariff reversal lifts risk appetite

The rebound followed a sharp shift in U.S. policy rhetoric. President Donald Trump scrapped planned tariffs on eight European countries that had been tied to pressure over Greenland, easing fears of a broader trade escalation.

Trump said he had agreed with NATO leadership on a framework for future cooperation on Arctic security, a move that helped ease tensions. He also noted ongoing discussions related to the Golden Dome missile defense program, though details remain limited.

Markets responded swiftly. The S&P 500, Dow Jones, and Nasdaq all saw increases of roughly 1.2% as American stocks recovered from their worst session since October. As a result of the industry’s ongoing sensitivity to changes in equity markets and macro news, cryptocurrency prices rose in tandem.

Outlook remains cautious but constructive

Analysts largely view the latest move as a relief bounce rather than a full trend reversal. Near-term trading is expected to remain choppy, but medium-term expectations lean cautiously positive.

ARK Invest’s Cathie Wood has said Bitcoin appears to be nearing the end of its down cycle, calling the current drawdown one of the shallowest in the traditional four-year pattern. She expects the $80,000–$90,000 zone to act as a base before renewed upside.

Grayscale has also expressed optimism, predicting that in the first half of 2026, Bitcoin may hit a new all-time high. The company cites increased institutional demand, clearer regulations, and a more thorough integration of blockchain technology into traditional finance as major drivers.

For now, crypto markets remain caught between fragile sentiment and improving macro signals, with traders watching whether calmer geopolitics can translate into more durable follow-through.