The cryptocurrency market has entered a sharp correction phase this Wednesday, January 21, 2026, as a perfect storm of geopolitical tension and macroeconomic de-risking takes hold.
On January 12, 2026, MicroStrategy (now operating under the ticker "Strategy") announced its largest acquisition of the year, purchasing 13,627 BTC for approximately $1.25 billion.
The dramatic surge was attributed to the world's second-largest asset manager, Vanguard Group, reversing its long-standing ban on trading crypto Exchange-Traded Funds (ETFs).
The volatility that has gripped the crypto market for the last six weeks intensified, with Bitcoin (BTC) briefly plunging below the $90,000 level on November 18, 2025.
On November 8, 2025, as asset manager 21Shares submitted Form 8(A) to the U.S. Securities and Exchange Commission (SEC) to launch a Spot XRP Exchange-Traded Fund (ETF).
This launch is notable for two key reasons: it is Asia’s first spot Solana ETF and it dramatically expands the suite of virtual asset ETFs already available in Hong Kong, which includes existing spot Bitcoin and Ethereum funds, Coinidol.com reports.