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On January 26, 2026, the cryptocurrency market experienced a widespread decline. Bitcoin dropped to approximately $86,443, with a 24-hour decrease of over 3%; Ethereum fell to around $2,803, down more than 5%. The total market capitalization fell below $3 trillion, with over 200,000 traders liquidated within 24 hours, totaling over $660 million. This was mainly influenced by macro risks such as the US-Canada tariff threats and tensions in the Middle East.