The cryptocurrency market experienced significant volatility this week, driven by geopolitical tensions and tariff concerns, while the Husky Inu AI (HINU) project continued its pre-launch fundraising phase.
Husky Inu AI's Pre-Launch Phase Advances
Husky Inu AI (HINU) completed a price increase in its pre-launch phase, moving from $0.00025441 to $0.00025539. The project is set for another increase to $0.00025636. The pre-launch phase, which began on April 1, 2025, following the conclusion of its presale, is designed to continue fundraising, empower the community, and secure capital for platform improvements and ecosystem expansion. The official launch is scheduled for March 27, 2026, though the team remains flexible based on market conditions.
The project has raised $922,464 so far and is approaching the $1 million mark. The team has held review meetings on July 1 and October 1, 2025, with a third scheduled for January 1, 2026, to determine the final launch date.
Market Plunge and Recovery
On January 21, the broader cryptocurrency market tumbled nearly 4%, with total market capitalization falling to $3 trillion. This sell-off was triggered by renewed geopolitical tensions and tariff uncertainty, particularly concerning Japan's bond market. Over 180,000 traders were liquidated in 24 hours, totaling $1.07 billion, with long positions accounting for $998 million.
Bitcoin (BTC) fell from above $91,000 to below $90,000, briefly hitting a low of $87,828 before recovering to $89,628, wiping out nearly all its 2026 gains and falling 10% from its year-to-date high near $98,000. Ethereum (ETH) fell below the $3,000 mark to $2,927. Major altcoins like Ripple (XRP), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) also registered declines of 2-3%.
By January 22, markets showed a marginal recovery, rising 0.87% to a $3.04 trillion capitalization, as tensions cooled after President Trump walked back tariff threats against European allies following diplomatic engagements at the World Economic Forum in Davos. Bitcoin recovered to $89,803, and Ethereum rose to $2,994.
Regulatory Delay
In related regulatory news, the U.S. Senate Banking Committee has indefinitely postponed its work on a crypto market structure bill for at least a few weeks. This delay came after Coinbase publicly withdrew its support. Committee Republicans and the White House are seeking resolution on stablecoin yield provision issues between the crypto industry and the banking sector before revisiting the proposal.
