Daily Market Update: October 25, 2024

October 25, 2024

BTC is currently trading around $67,800 and ETH around $2,550.  Notable gainers in the last 24 hours are SAFE, APE, and RAY. The global crypto market cap is $2.42T, up 0.1% over the last day.  DeFi Total Value Locked is ~$88b and BTC dominance is around 59%.

Notable news includes: South Korea proposed a new requirement for firms to report “cross-border crypto transactions”; a US government wallet tied to the Bitfinex exchange hack was drained of $20m in what some believe is likely theft; The National Center for Public Policy Research notified Microsoft shareholders that it intends to propose that Microsoft assesses investing in Bitcoin at the company’s December shareholder meeting; MicroStrategy stock hit another all-time high; and, Ripple officially filed an appeal in its case with the SEC, while the SEC requested an extension in the case.

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Author:
Brian Rudick, Head of Research | TwitterTelegramLinkedIn
Carlos Guzman, Research Analyst | TwitterTelegramLinkedIn
Toe Bautista, Research Analyst | TwitterTelegramLinkedIn

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