The cryptocurrency market is showing mixed signals on Friday, January 16, 2026, with Bitcoin hovering near the $95,000 level after a 0.5% slip in the past 24 hours, while still maintaining weekly gains of more than 5%. Ethereum, however, demonstrated relative short-term strength with a 0.1% rise. This cautious trading environment is influenced by macro uncertainty, ongoing regulatory delays, and the recent expiry of nearly $3 billion in Bitcoin and Ethereum options, which has led to defensive positioning among traders. The Crypto Fear and Greed Index currently stands at 50, indicating a neutral sentiment.