Over the course of 2025, I think we hit 200. I don't know where we end 2025 at. I think we usually see these cycles tail off in October, November. But I do think we see a higher high that most people are expecting. We all want to believe in something.

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Hello and welcome to Markets Daily hosted by me, Jen Sanassi, on this show. We navigate the

currents shaping the crypto markets, providing insights against the broader financial landscape. So

whether you're actively investing or simply fascinated by the volatility that is the crypto markets,

this show is your compass to understanding what's happened, where we are and where we're going.

On today's show, we're welcoming Kordao initial contributor, Rich Rines.

Rich, hello.

Hello, great to talk to you again, Jen.

Of course, great to have you back.

I mean, what a morning to have you back.

More than $300 billion has been wiped out of the crypto market since January 6th.

Talk to me about what you're making

of this information. I know there was a short period in December when we all thought that we'd be

flying high here in January. Talk to me about what you're watching this morning. So I too shared

that view back in December coming off the election

that we were going to get Santa Claus rally. And I think there was a bunch of tests in rejections.

And unfortunately, we didn't get there. And I think the way to think about it in hindsight is

we pulled forward a lot of expectations in November, in December. And now we've come a little bit

back, you know, more to reality as we've got a lot of uncertainty

...