Daily Market BriefApr 16, 2026

Daily Market Brief 260416

  • Risk assets rallied with the S&P 500 hitting an all-time high. As of now $BTC is trading at $74,800 and $ETH is trading at $2,359. Bitcoin dominance stands at 59.78%.

  • According to Kaiko, Korea accounts for roughly 30% of global crypto trading volume, heavily skewed toward altcoins at 85% of activity, with Bitcoin and Ethereum representing just 9% and 6%, respectively. In contrast, Japan’s yen-denominated market sees only $2B–$3B in monthly volume across four exchanges, far smaller than Korea’s ~$26B weekly average.

  • A few other headlines include: CFTC launches an investigation into suspicious oil trades made before Trump’s announcements, Binance launches an in-app chatroom enabling real-time messaging and transfers, and Tether acquires 951 BTC, bringing total holdings to 97,141 BTC.

  • During the last 24 hours, the top three gainers were $ENJ, $DEXE, and $CHZ, while the top three losers were $RAVE, $JST, and $GENIUS.

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