TechFlow reported on January 27 that the latest Bitfinex Alpha report showed Bitcoin's correlation with the S&P 500 and Nasdaq reached a new high for the year, while options implied volatility dropped 13% this week, indicating traders expect price movements to stabilize.
On the macro front, U.S. jobless claims rose to their highest level in three years, and consumer confidence ended a six-month streak of gains. Concerns intensified over market reactions to the Trump administration's trade policies and regulatory changes. On the institutional side, filings for Litecoin, XRP, and Solana ETFs surged, reflecting rising institutional investor interest. Meanwhile, the U.S. House Oversight Committee has launched an investigation into crypto-related entities facing unfair banking services.
