Mainstream sentiment in the cryptocurrency market currently: survival.

After a disappointing end to 2025, major cryptocurrencies have started the new year on a weak note. Bitcoin has fallen by about a third since reaching a historic high in October, dropping by 4.2% in January alone. Ethereum has dropped over 40% from its summer high last year. While the stock market remains near record highs and the rally has spread across the entire market, investors are still betting on continued economic growth, the downturn in cryptocurrencies continues. The weakening of the US dollar has also prompted investors to turn to alternative assets in "currency devaluation trades" for safety. However, cryptocurrency prices have continued to slide, while traditional bets like blue-chip stocks and gold have seen returns. Last Friday, after US President Trump announced the nomination of Kevin Wash as the next Federal Reserve chairman, Bitcoin further declined. "The market is in chaos," said Gennaro Salemme, a 32-year-old car salesman from Chicago. "The current market sentiment is 'just survive'."