Daily Market BriefJan 23, 2025

Daily Market Brief 250123

  • $BTC is slightly down but remains mostly rangebound above $100K. As of now, $BTC is trading at $103,684, and $ETH is trading at $3,242. Bitcoin dominance stands at 58.45%.

  • At Davos, Larry Fink said that more institutions are considering allocating 2–5% to Bitcoin, which could send $BTC over $700,000. He stated that he is a “big believer” in Bitcoin, which could act as a hedge against economic instability.

  • A few other headlines include: Bitwise filing for Dogecoin ETF registration, Lido’s founder Konstantin Lomashuk addressing rumors of a new organization splitting from the Ethereum Foundation by clarifying, “No actual second foundation has been created yet,” and TVL across real-world-asset (RWA) protocols reaching $7.3 billion.

  • Over the past 24 hours, the top gainers were $ULTIMA, $POPCAT, and $AIXBT, while the top losers were $MELANIA, $TRUMP, and $AI16Z.

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