Daily Market Brief

May 14, 2024

Daily Market Brief 240514

Peter Chung
Min Jung
PDF Download
  • As the market waits for the PPI report and Powell’s speech today, along with the CPI data on Wednesday, $BTC is holding above $60k and trading in a range-bound manner. Early ETF reports show that $GBTC outflows have hit zero.

  • One of the biggest events yesterday was the rally of $GME, which surged nearly 110% as “Roaring Kitty” posted online for the first time in three years. This event triggered a rally in meme stocks and significantly boosted memecoins such as $PEPE, $FLOKI, $DOGE, and $SHIB, all of which outperformed the market.

  • ETH/BTC has dropped back to its lowest level of 0.046. Additionally, the deadline for the first spot ETH ETF filings is approaching in two weeks, on May 23 and May 24.

  • Again, $TRUMP was the biggest gainer followed by $POPCAT and $PEPE, while the biggest losers were $RBN, $ENA, and $CHZ.

Back to list
Peter ChungHead of Research
Min JungResearch Analyst