Daily market Brief

Apr 18, 2024

Daily Market Brief 240418

PC
Peter Chung
MJ
Min Jung
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  • $BTC briefly dipped to the $59,678 mark before rebounding to $61,278, with most of the sell-off occurring during US hours. This marked the first time $BTC had traded below $60k since early March.

  • Following the recent sell-off, Bitcoin Dominance has returned to 55.5%, while ETH/BTC stands at the 0.485 level.

  • In the altcoin sector, Worldcoin has introduced its own layer2 solution called World Chain, $OMNI has been listed on Binance, and Merlin Chain is set to be listed on OKX.

  • Most altcoins are trading in negative territory, with $WIF, $TAO, and $RDNR being the biggest losers, while the biggest gainers were $INJ, $MNT, and $KAS.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst