BTC is currently trading around $97,500 and ETH around $2,700. Notable gainers in the last 24 hours are FLR, XRP, and XLM. The global crypto market cap is $3.30T, up 0.7% over the last day. DeFi Total Value Locked is ~$107b and BTC dominance is around 62%.
Equity markets are lower while crypto prices are flat after a mixed US employment report that showed disappointing job growth, but a lower than expected unemployment rate and faster than expected earnings growth. In addition, news outlets reported that Trump is planning reciprocal tariffs on trading partners.
Notable news includes: the ECB may reconsider its relationship with any European national bank that adds Bitcoin to its reserves; Japan’s FSA requested Apple and Google block unregistered crypto exchange apps in the country; US House republicans released a discussion draft for stablecoin regulation; the US CFTC will hold a CEO Forum in anticipation of creating a stablecoin pilot program; the Utah House passed a state-level strategic Bitcoin reserve bill; Missouri proposed a strategic Bitcoin reserve; Yahoo reportedly blocked crypto company press releases; the SEC acknowledged filings for Grayscale’s Litecoin and Solana trusts; the CBOE filed four spot XRP ETF applications; Gemini is reportedly exploring an IPO this year; and, Sony’s Ethereum L2 Soneium launched a music NFT collection.
