Crypto feels the chill 🥶

Despite earlier positive momentum, the crypto market cooled off at the end of the week, after delays to the much-anticipated market structure bill.

Author

Stephen Graves
January 16, 2026

đź“ť What you need to know

The crypto market wavered Friday, despite positive momentum earlier in the week, with trading volumes for Bitcoin and Ethereum slipping by 27% and 32% respectively.

Analysts pointed to the stalled crypto market structure bill as prompting the market’s cooling off, along with House Democrats’ skewering of the SEC over its handling of crypto cases.

It all amounts to a new paradigm in which political and fiscal actions exert more influence over crypto prices than the cycle-based and on-chain indicators that have previously held sway, analysts argued.

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