Daily Market BriefJan 10, 2025

Daily Market Brief 250110

  • The crypto market is down again, with $BTC now trading at $92,539, which has been a resistance level, and $ETH trading at $3,218. Bitcoin dominance currently stands at 57.99%.

  • The U.S. Senate Banking Committee is set to appoint crypto-friendly Senator Cynthia Lummis as the leader of its newly established digital assets subcommittee. This follows an announcement in August by Senate Banking Committee Chair Tim Scott (R-S.C.), who revealed plans to create a panel dedicated to digital asset matters.

  • Some notable headlines include: the CFTC subpoenaing Coinbase for customer data related to Polymarket, Circle donating 1 million USDC to President Trump's inaugural committee, and over $373 million in liquidations occurring in the past 24 hours, according to Coinglass.

  • Over the past 24 hours, the top gainers were $AKUMA, $KAIA, and $TFUEL, while the top losers were $FARTCOIN, $PRIME, and $SPX.

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