📈 Crypto Market News – January 08, 2026
Market Overview: Calm Before the CPI Storm The crypto market is trading in a very tight range today as traders await tomorrow's critical US CPI (Inflation) data. The global crypto market cap is flat at $3.28 Trillion. Volatility has decreased significantly, which is typical behavior before major macroeconomic releases.
Bitcoin (BTC) Stuck in the "Chop Zone" Bitcoin is oscillating between $92,200 and $92,800.
Technical: The price action is currently compressed. A low-volatility squeeze like this often resolves in a violent move.
Support: Bulls are successfully defending the $92,000 level, but buying volume is drying up ahead of the data release.
- Base Network Breaks Records Important for Layer 2 enthusiasts: The Base network has just surpassed Arbitrum in daily active addresses for the first time.
Driver: A new wave of "SocialFi" applications launching on Base this week is driving massive user adoption. Coinbase's L2 is officially becoming the retail favorite for 2026.
- Gaming Tokens: Gods Unchained & IMX Rally While the broader market waits, the gaming sector remains hot.
Gods Unchained (GODS): The token is up 12% today following the announcement of their "Mobile 2.0" update release date.
Trend: Investors are betting that web3 games will be the first sector to decouple from Bitcoin's price action this year.
- ETF Outflows (Minor) Preliminary data suggests a small net outflow of $30 Million from Spot Bitcoin ETFs yesterday. This is likely due to institutional investors de-risking (taking chips off the table) before the uncertain inflation numbers are published tomorrow.
