Market Update: January 2025 | Week 2

Market Update: January 2025 | Week 2

13 JAN 2025 | RESEARCH

Welcome to Wintermute OTC Market Update. This weekly commentary aims to provide color on the recent crypto market developments.

Highlights

• Last week, Bitcoin reached a high of $102,735 before tumbling down to $94,509 following strong labor data and reports related to Silk Road’s $6.5 billion in seized bitcoin.

• Crypto venture funding in 2024 was the third largest in the past decade at $13.7 billion.

• As the New Year starts, we break down some protocol and app upgrades to look forward to in 2025.

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