Daily market Brief

Apr 24, 2024

Daily Market Brief 240424

MJ
Min Jung
RM
Rick Maeda
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  • $BTC traded range-bound between $65,000 and $67,000 with positive ETF flow yesterday. Bitcoin dominance stands at 55%, and ETH/BTC is at 0.04835.

  • In Ethereum ETF news, the SEC delays making a decision on a spot Ethereum ETF from Grayscale and Franklin Templeton, with Standard Chartered suggesting that approval in May is highly unlikely.

  • On the listing front, Binance announces Renzo ($REZ) on Launchpool, Coinbase supports $SAFE, and Upbit listed $BIGTIME (BTC Market) and $AKT (BTC and KRW Market).

  • Following the announcement that $HBAR will participate in BlackRock’s MMF tokenization, $HBAR surged by 73%, with $PEPE and $WIF following suit. Conversely, $MNT, $TAO, and $APT were yesterday’s biggest losers.

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MJ
Min JungResearch Analyst
RM
Rick MaedaResearch Analyst