Daily market Brief

Apr 15, 2024

Daily Market Brief 240415

PC
Peter Chung
MJ
Min Jung
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  • With the Iranian attack on Israel dominating the market, risk-off assets sold off massively, with $BTC reaching $60,660 and $ETH dropping to $2,852 at its lowest point. This weekend, the trading volume for $BTC reached the highest level seen in April, and the highest number of perpetual futures liquidations occurred in Binance since the FTX implosion day.

  • The market continues to closely monitor the headlines regarding Iran-Israel tensions. Following the revelation that “Israel said to strike back in the next 24/48 hours” was false, $BTC rebounded and is now trading at $65,697.

  • Beginning last Friday, reports indicated that Hong Kong is set to approve its first spot Bitcoin ETFs in April. Coverage of this development by our research desk can be found here.

  • In the last 24 hours, the AI sector saw a significant rebound, with the top three gainers being $WIF, $RDNR, and $TAO, while $BNB, $TRX, and $LTC experienced the lowest rebounds.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst