After topping in the late-NY session on Friday, markets were broadly down over the weekend. BTC was unable to break the $100k wall (although CME futures traded at $100,170). Currently, BTC is trading at $97,935, ETH at $3,361, and BTC dominance at 59.3%.
According to The Block, after hitting an all-time high of $99,320,, BTC has seen significant liquidations totaling $500.45MM across 197,551 traders in the past 24 hours. Long positions accounted for $380MM while shorts made up $120MM.
Key headlines include: Trump nominating crypto-friendly Scott Bessent as Treasury Secretary, WSJ reporting Cantor Fitzgerald secured a 5% stake in Tether valued at ~$600MM, and several other crypto-advocates being tapped for cabinet positions including Loeffler (Agriculture) and Lutnick (Commerce).
During the last 24 hours, the top three gainers were $SAND, $CHILLGUY, and $MANA, while the top three losers were $KSM, $CORGIAI, and $CROW.
