Daily Market BriefOct 17, 2025

Daily Market Brief 251017

  • Crypto market continues to slide, with $BTC breaking below $110K and $ETH below $4K. As of now, $BTC is trading at $108,204 and $ETH at $3,894, while Bitcoin dominance stands at 59.51%.

  • JPMorgan said the recent market correction was likely driven by crypto-native investors unwinding leveraged positions in perpetual futures, while ETF flows and institutional holdings stayed relatively stable, indicating limited traditional investor involvement.

  • A few other headlines include: YZi Labs’ investment in Temple Digital Group—the developer of Canton Network’s first native trading platform, Andreessen Horowitz’s $50 million investment in Solana staking protocol Jito, and a Florida proposal to allow bitcoin and ETFs in state and pension fund portfolios.

  • During the last 24 hours, the top three gainers were $COAI, $DEXE, and $ZORA, while the top three losers were $SNX, $ZEC, and $ATH.

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