Daily market Brief

Apr 10, 2024

Daily Market Brief 240410

Peter Chung
Min Jung
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  • Another challenging session with $BTC down -3.5%, now trading around $69,148. The 4/8 ETF data indicates another net outflow, driven by a $303M outflow from $GBTC and small flows from $IBIT and $FBTC. 

  • Tonight, the US will release the Consumer Price Index (CPI) data, with the consensus forecasting the 3.4% headline CPI and the 3.7% core CPI year-over-year. 

  • In the altcoin market, $SAGA has been listed on Binance and is now trading at $6.5. Monad announced a $225M raise led by Paradigm, while 0xScope reports that $ARKM might have breached its tokenomics terms. 

  • With all categories showing negative performance, $WIF, $APT, and $ICP were the top three losers, while $FTM, $TON, and $TAO registered gains.

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Peter ChungHead of Research
Min JungResearch Analyst