January 2026: Bitcoin Falls While Gold and Silver Rally

Throughout most of January, everyone either watched or participated in the rally of gold and silver, while those invested in crypto didn't get to join this celebration. I'll admit, despite the overall bearish sentiment, even I didn't expect January to end with Bitcoin falling while everything else was rising. This tells us only one thing - there's a general weakness in crypto demand. Uncertainty around Iran, Kevin Warsh's hawkish bets on Polymarket (which is quite strange, given Trump's attitude toward Powell and his reluctance to cut rates), and the inability to properly recover since October 2025 - all of this sets a negative tone. For now, I don't see anything on the horizon that would reverse the current bearish trend over the next one to three months. My BTC sales remain on pause because we're low, but not low enough yet to think about buying, especially while solid demand hasn't emerged. But this is crypto, remember - things can turn around very quickly here.

Have a great weekend, everyone!

Originally posted on Telegram channel.