Daily Market BriefMay 2, 2025

Daily Market Brief 250502

  • $BTC continues its upward climb. As of now, $BTC is trading at $96,499 and $ETH at $1,838. Bitcoin dominance stands at 64.78%.

  • Strategy reported a 13.7% YTD yield and a $5.8B gain in Q1 2025. Its 553,555 $BTC holding is now valued at $53B. Strategy has doubled its capital plan to $84B to further expand its BTC holdings (see below).

  • A few other headlines include: Kraken reported a 19% yoy revenue increase in Q1 2025 to $471.7 million, Wintermute accounted for 11% of Robinhood’s transaction-based revenue in Q1, and World Liberty Financial co-founder Zach Witkoff stated that USD1 will be “the official” stablecoin used to close the deal between MGX and Binance.

  • Over the past 24 hours, the top three gainers were $KET, $WAL, and $MORPHO, while the top three losers were $MOVE, $OM, and $WLD.

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