Market Overview
The crypto market edged higher, with Layer 2 tokens gaining 1.66%. Merlin Chain and Mantle were top performers in this category, climbing 4.99% and 4.07%, respectively. Bitcoin rose by 1.37% to reclaim the $92,000 level, while Ethereum traded narrowly around $3,200, slipping slightly by 0.77%.
Other sectors also saw gains. Meme tokens increased by 1.45%, Layer 1 assets rose by 1.33% with Zcash up nearly 18%, and DeFi advanced by 1.26% as Beldex jumped 13.63%. CeFi, PayFi, and RWA sectors also posted modest increases, with standout moves from Dash (+5.41%) and Keeta (+33.44%).
Bitcoin Whales Offload Significant Amounts
Glassnode data shows that Bitcoin whales holding between 10,000 and 100,000 BTC have sold or redistributed 36,500 BTC since the start of December, equivalent to roughly $3.37 billion. This sizeable shift in large‑holder supply comes amid renewed market volatility and may signal portfolio rebalancing or liquidity management by major entities.
Regulatory Discussions
The Fed Payments Innovation Conference is currently discussing crypto, stablecoins, and AI with industry leaders. This conference could provide insights into future regulatory developments and market trends.
Conclusion
The crypto market continues to show volatility, with Layer 2 tokens leading the gains. Investors are keeping an eye on market movements and regulatory discussions to make informed decisions.
