Daily Market Brief

May 13, 2024

Daily Market Brief 240513

Peter Chung
Min Jung
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  • With minimal price action, $BTC mostly traded range-bound between $60K and $61.5K during the weekend and is currently at $61,480. On Friday, ETF data disappointed again with an outflow of 84.7M, with $GBTC recording a 103M outflow.

  • This week’s calendar includes a speech by Powell on Tuesday, the April CPI report on Wednesday, and earnings reports from Home Depot and Walmart.

  • On the listing front, $BB is set to be listed on Binance today, and $NOT launchpool begins today with a Thursday listing. LayerZero TGE may also be announced this week.

  • With the AI sector leading the market last week, the top three performers in the last 24 hours were $TRUMP, $UMA, and $CORE, while the top three losers were $VENOM, $PYTH, and $SUPER. Please note that our universe has changed to top 200 cryptocurrencies (excluding stable coins).

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Peter ChungHead of Research
Min JungResearch Analyst