Crypto Market Update (Jan. 16, 2026): The crypto market extended its slide for a second session, with DePIN tokens leading the losses, falling 4.22% as a sector.
Market Snapshot
- Major Declines: Filecoin (FIL) down 8.55%; Golem (GLM) slid 10.07%.
- Bitcoin & Ethereum: BTC dipped 1.1% to $95,000; ETH held relatively resilient near $3,300 (down 0.7%).
- Sector Indices: ssiGameFi (-4.53%), ssiDePIN (-4.26%), and ssiSocialFi (-3.20%) all mirrored broad market weakness.
- Outperformers: TRON (TRX), Dash (DASH), and MemeCore (M) managed to buck the downward trend.
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