Macro headlines continue to dominate the market, with $BTC experiencing a choppy session. As of now, $BTC is trading at $97,793 and $ETH is at $2,731. Bitcoin dominance stands at 61.46%.
David Sacks discussed the administration’s pro-crypto agenda, emphasizing that evaluating a strategic Bitcoin reserve is a key priority. However, he clarified that the initiative is still in its early stages and distinguished it from the concept of a sovereign wealth fund (see below).
A few key headlines include: the SEC moving to scale back crypto enforcement efforts, Bullish Global— a subsidiary of Block.one— considering an IPO, and FTX Bahamas repayments set to begin on February 18.
In the past 24 hours, the top three gainers were $MWC, $ULTIMA, and $QTUM, while the top three losers were $AI16Z, $FARTCOIN, and $GIGA.
