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Bitcoin dominance is a good metric to track in order to understand risk on vs risk off in the broader crypto markets.

(Bloomberg) -- Further Ventures, the venture capital firm backed by Abu Dhabi’s sovereign wealth fund ADQ, led a $16 million investment in Paris-based crypto wallet technology firm Dfns, as digital-asset dealmaking heats up.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike LanesOther investors in the round include market maker Wintermute, Motive Partners, Bpifrance and Motier Venture

Banking giant Intesa Sanpaolo, which has a market cap of $73 billion, has made its first crypto purchase.

Fundstrat's head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target.

Your day-ahead look for Jan. 14, 2025

For much of the past decade, Bitcoin (CRYPTO: BTC) has been the top-performing asset in the world. Bitcoin was up 125% for the year, which trounced the performance of the Nasdaq (up 30%), gold (up 27%), and the S&P 500 (up 24%). Based on the strength of that performance, Virtuals Protocol ended 2024 as the 33rd-largest cryptocurrency in the world, with a nearly $4 billion market cap.

The Zurich and Singapore-based lender closed the oversubscribed "strategic growth round," which was led by BTC-focused venture capital firm Fulgar Ventures