Bitcoin initially sold off following a stronger-than-expected PPI print but recovered its losses. Currently, $BTC is trading at $96,610, and $ETH stands at $2,675. Bitcoin dominance is at 61.00%.
Coinbase reported stronger-than-expected earnings, with full-year revenue reaching $6.6 billion—more than double 2023's total of $3.1 billion. Trading revenue came in at $1.6 billion, marking a 172% quarter-over-quarter increase.
A few headlines include: The SEC is moving forward with reviewing proposals for Grayscale's XRP and Dogecoin ETFs, OpenSea Foundation has announced its native token, $SEA, and the U.S. PPI for January increased by 3.5% YoY, marking the largest annual rise since February 2023.
Over the past 24 hours, the top three gainers were $TEL, $BEAM, and $TRUMP, while the biggest losers were $DEEP, $FARTCOIN, and $AI16Z.
