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Market Update: February 2025 | Week 2
Market Update: February 2025 | Week 2
10 FEB 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 dropped 0.5% to $96,500 amid considerable volatility, while Ethereum plunged 25% to a one-year low of $2,100 before rebounding by week’s end.
Under the new Trump Administration, the SEC is taking steps toward regulatory clarity with a new crypto task force while Congress advances the GENIUS Act to establish a stablecoin framework.
Hyperliquid’s on-chain derivatives exchange sees rapid growth, with HYPE entering the top 30, trading volumes surging, and its market share in decentralized derivatives rising to 67% amid strong adoption.
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