Daily market Brief

Apr 30, 2024

Daily Market Brief 240430

PC
Peter Chung
MJ
Min Jung
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  • $BTC rallied during the late US hours and is currently trading at $63,860 as the Hong Kong spot Bitcoin ETF is set to commence today. The three asset managers involved are China Asset Management, Harvest Global Investments, and Bosera. For more details on this development, please refer to our research desk’s coverage available here.

  • Still, attention remains on US spot Bitcoin ETF data as investors have observed three continuous outflows since last Wednesday. $IBIT is recording no inflows, and investors are keeping an eye on whether this trend will continue.

  • Some notable crypto headlines include confirmed airdrop details of the Eigen layer, which is currently trading at a 16 billion FDV on AEVO, news about Australia’s spot Bitcoin ETF, and a few listings including $MSN on OKX, $WIF on Bybit, and $KMNO on Bybit.

  • In the last 24 hours, the top three gainers were $WIF, $AVAX, and $XT, while the top three losers were $MKR, $OP, and $TAO.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst