Crypto assets slid into bear market territory over the weekend as more than $250 billion left spot markets and total capitalization fell to $2.67 trillion. Bitcoin briefly dropped below $76,000 in Monday's Asian session, while upcoming US labor and manufacturing data and major tech earnings could add further volatility this week.

About 91,000 Bitcoin options contracts, with a notional value near $8.3 billion, are set to expire on Friday, Jan. 30. The batch has a put/call ratio of 0.54 and max pain around $90,000, while Ethereum expiries add $1.3 billion. Crypto markets fell this week, and Friday’s Asia session saw sharp declines.

Fidelity Investments is preparing to roll out its Fidelity Digital Dollar (FIDD) stablecoin, pegged 1:1 to the US dollar and backed by reserves. The token will operate on Ethereum, target both institutional and retail clients, and enter a market where Tether and Circle collectively hold most of the share.

During Wednesday’s Asian session, Ether rose 2.6% to $3,028, reclaiming the $3,000 threshold after six days below it. Analysts flagged nearby resistance at $3,100, while Santiment said Wednesday that non-empty Ethereum wallets exceeded 175 million. Glassnode’s Chris Beamish on Tuesday described price as sitting on a dense cost basis cluster.

From Jan. 26 to 30, traders face a 100% Canada tariff threat, a possible U.S. government shutdown, Tuesday's Consumer Confidence, Wednesday's Fed rate decision (97% odds of no change), and Friday's PPI. Early Monday, total crypto cap fell 1.8% to $3 trillion as Bitcoin hit $86,000 before rebounding to $87,700.

Around 21,700 Bitcoin options with a notional value near $1.8 billion are set to expire on Friday, Jan. 23. The batch shows a 0.75 put/call ratio and max pain around $92,000, per Coinglass, while roughly 118,000 Ethereum contracts worth $346 million also expire with a 0.86 ratio. Spot markets remained weak, with total cap down 1% and BTC near $89,500.

On January 19, 2026, Milk Road said Ethereum staking hit an all‑time high after Token Terminal reported the staking ratio above 30%. Ultrasound Money shows 36.2 million ETH worth around $115 billion locked and earning about 2.8% annually, while Validator Queue lists 2.7 million ETH waiting and exits near zero; by Tuesday morning, ETH dipped below $3,200.

Crypto markets started the week with sharp price swings as traders reacted to new US–EU trade tensions and looming macroeconomic data. Bitcoin briefly dropped below $92,000 and the total crypto market cap slid to about $3.21 trillion, while altcoins saw even steeper declines. Investors now face a packed calendar of US and Asian economic events, along with major corporate earnings and the Davos forum, which could inject further volatility.

On January 12, 2026, SEC chair Paul Atkins said on Fox Business that it is a big week for crypto as Congress advances market-structure legislation. He posted on X the same day in support of clarifying the SEC–CFTC split and ending the regulatory gray zone. The Senate scheduled January 15 for a markup of the CLARITY Act.