Daily market Brief

Apr 19, 2024

Daily Market Brief 240419

MJ
Min Jung
RM
Rick Maeda
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  • After the Asian hours, $BTC rallied and briefly traded above 64k, currently resting at $63,481. Notably, $BTC is showing a negative funding rate at this level.

  • The long-awaited Bitcoin halving is just a day away. Coverage of this development by our research desk can be found here.

  • Yesterday’s notable news included Binance launching a new launch platform called Mega Drop, with BounceBit being the first project, Jupiter announcing JupSOL LST, and Binance to convert the SAFU fund to USDC.

  • Following a solid rebound, most altcoins are in the green, with $IMX, $TON, and $VET leading the market. However, $MKR and $LEO were in the red yesterday.

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MJ
Min JungResearch Analyst
RM
Rick MaedaResearch Analyst