Daily market Brief

Apr 2, 2024

Daily Market Brief 240402

PC
Peter Chung
MJ
Min Jung
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  • No specific headline drove the market, but $BTC briefly touched the $68,100 level during Asian Trading hours. Dip buyers stepped in at this level, pushing $BTC back to the $69,500 mark during US trading hours.

  • All eyes remain on ETF flows. Full data for 4/1 ETF Flow will be available within 2-3 hours, but early indicators show that $ARKB recorded its first outflow, with $GBTC seeing on-going outflow exceeding $300M.

  • Continuing the weekend’s theme, the Degen and Zora chains remain in focus, with Ethena ($ENA) starting trading today and Wormhole ($W) expected to trade tomorrow.

  • Most altcoins recorded losses yesterday, with recent top gainers like $PEPE, $NEAR, and $INJ being the biggest losers. On the flip side, $CORE, $TAO, and $LEO emerged as the top three performers.

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PC
Peter ChungHead of Research
MJ
Min JungAnalyst