Published & Updated: January 16, 2026 | Tapbit Crypto Equities Tracker
Crypto-linked equities came under heavy selling pressure on Thursday, January 16, 2026, even as the broader U.S. market closed mixed-to-positive. Coinbase Global (COIN) led the decline with a sharp -6.48% drop, MicroStrategy (MSTR) continued to slide amid ongoing Bitcoin treasury concerns, and Bitmine Immersion (BMNR) weakened further following recent capital raise and project announcements. Meanwhile, the Dow Jones Industrial Average gained ~0.6%, highlighting the divergent sentiment between traditional markets and crypto-exposed stocks. This report analyzes the key moves, drivers, technical levels and what traders should watch next.
Crypto Stocks Performance Snapshot – Thursday Jan 16, 2026
| Ticker | Company | Closing Price | Daily Change | Notes |
|---|---|---|---|---|
| COIN | Coinbase Global | $178.42 | -6.48% | Heaviest volume day since Dec 2025 |
| MSTR | MicroStrategy | $184.70 | -4.12% | Bitcoin treasury dilution concerns persist |
| BMNR | Bitmine Immersion | $1.92 | -7.69% | Profit-taking after recent $200M Beast raise news |
| MARA | Marathon Digital | $14.88 | -5.34% | Miner sympathy selling |
| RIOT | Riot Platforms | $9.41 | -4.76% | Follow-through from Wednesday weakness |
| ^DJI | Dow Jones | 42,870 | +0.61% | Defensive rotation |
Why Crypto Stocks Sold Off While Dow Rose
Several cross-currents created the divergence:
- Regulatory Caution Remains Dominant
Ongoing delay in Senate Banking Committee markup of the crypto market structure bill (CLARITY Act successor) continues to weigh on investor confidence in U.S.-listed crypto companies. - Rotation into Defensive Sectors
Stronger-than-expected economic data (retail sales, jobless claims) is pushing capital toward perceived safety (financials, industrials, utilities) while high-beta crypto equities get sold. - Profit-Taking After Recent Run
Many crypto stocks had strong gains in late December/early January; Thursday saw classic “buy the rumor, sell the delay” behavior. - Bitcoin Itself Consolidating
BTC holding $95k zone but failing to break $97k decisively removes momentum catalyst for crypto proxies.
Technical Levels to Watch – Major Crypto Stocks
Coinbase (COIN) ~$178.42
- Immediate Support: $172–$175 (50-day EMA cluster)
- Next Major Support: $165 (prior consolidation)
- Resistance: $195 (recent high)
MicroStrategy (MSTR) ~$184.70
- Support: $178–$180
- Strong Support: $165–$170
- Resistance: $200–$210
Bitmine (BMNR) ~$1.92
- Support: $1.75–$1.80
- Next Support: $1.50 (psychological)
- Resistance: $2.20–$2.40
2026 Outlook: When Could Crypto Stocks Rebound?
Bullish Triggers:
- Senate markup vote passes with favorable DeFi/stablecoin language
- Bitcoin breaks & holds $97k–$100k
- Stronger-than-expected Q1 earnings from Coinbase/MSTR
Bearish Risks:
- Prolonged bill delay → continued uncertainty premium
- BTC rejection at $97k → crypto proxies bleed hardest
- Macro surprise (hotter data) → risk-off rotation accelerates
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Conclusion
Crypto-linked stocks faced sharp selling pressure on Thursday, January 16, 2026, with Coinbase down 6.48%, MicroStrategy and Bitmine also declining, even as the Dow gained 0.6%. The divergence reflects ongoing U.S. regulatory uncertainty surrounding the delayed crypto market structure bill, combined with defensive rotation and profit-taking after recent crypto equity strength. Bitcoin’s consolidation near $95,000 continues to cap altcoin and crypto-stock upside. The next 1–3 weeks remain pivotal — watch for bill progress and BTC’s ability to reclaim $97k decisively.
Trade crypto stocks correlation & BTC volatility on Tapbit:
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Disclaimer: This article is for informational purposes only and does not constitute investment or trading advice. Cryptocurrency and equities are highly volatile and subject to rapid change.
