Daily market Brief

Apr 22, 2024

Daily Market Brief 240422

PC
Peter Chung
MJ
Min Jung
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  • Finally, the long-awaited Bitcoin halving occurred over the weekend. However, there was minimal price action, with BTC mostly trading range-bound after a rally during Asian hours on Friday. Currently, $BTC is trading at $64,940 and $ETH at $3,147.

  • Earnings season is back, with Tesla, Visa, Meta, Microsoft, Google, Amazon, and Intel. In macroeconomic news, anticipated releases include US GDP and PCE data.

  • In the altcoin sector, the ZKasino issue was the talk of the town at Token2049 Dubai as the latest rug-pull incident. Additionally, this week marks the SEA Blockchain Week in Bangkok.

  • During the last 24 hours, $NEAR, $STX, and $PEPE were the top gainers, while $INJ, $MKR, and $GRT were the biggest losers.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst