Daily Market BriefFeb 19, 2025

Daily Market Brief 250219

  • BTC has retraced most of its losses and is now trading at $95,637, while $ETH is trading at $2,671. Bitcoin dominance stands at 61.25%.

  • The $LIBRA scandal continues to impact the broader Solana ecosystem. Meteora CEO Ben has departed amidst allegations, and $JUP is down approximately 45% from its all-time high (See below).

  • Notable headlines include: MicroStrategy (MSTR) announces a $2 billion convertible senior notes offering, HyperEVM goes live, and Tether Holdings has proposed acquiring a majority stake in South American agricultural and energy company Adecoagro S.A.

  • Over the past 24 hours, the top three gainers were $MKR, $MEOW, and $LTC, while the biggest losers were $VIRTUAL, $JUP, and $AI16Z.

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