Daily market Brief

Apr 9, 2024

Daily Market Brief 240409

Peter Chung
Min Jung
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  • Amid a calm trading day where the most macro indexes saw virtually no change, $BTC reclaimed the $70,000 mark and is now trading at $71,630, up 3.3%. This movement predominantly occurred during European hours, and the strength spilled over into the altcoins as well.

  • There was a rebound in the ETH/BTC ratio from historical lows at 0.048. $ETH was among the top five performers yesterday, trading above $3,700. 

  • On the listing front, Solana’s NFT Marketplace, Tensor ($TENSOR), has been listed on both Binance and Coinbase and is now trading at $1.7. 

  • The top five gainers were $TON, $WIF, $VET, $THETA, and $ETH. Most of the top 50 names showed strength, with only $BCH in negative territory.

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Peter ChungHead of Research
Min JungResearch Analyst