Daily Market BriefJan 17, 2025

Daily Market Brief 250117

  • $BTC traded mostly in a rangebound manner and is still trading above $100k. As of now, $BTC is trading at $100,004, and $ETH is trading at $3,307. Bitcoin dominance stands at 57.69%.

  • Bloomberg reports that U.S. President-elect Trump plans to designate cryptocurrency as a "national priority." NYP also reported that Trump is "receptive" to the idea of a reserve backed by coins founded in the U.S.

  • Few other headlines include: Phantom Wallet raises $150 million at a $3 billion valuation, Tether introduces USDT0, uniting USDT across all chains, and the South Korean government has issued a suspension notice to Upbit.

  • Over the past 24 hours, the top gainers were $MEOW, $MORPHO, and $AMP, while the top losers were $AI16Z, $MOG, and $VIRTUAL.

Related Articles