Daily Market Brief

Jun 5, 2024

Daily Market Brief 240605

Peter Chung
Min Jung
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  • $BTC rallied during the US hours and briefly touched 71k. We continue to see strong $BTC spot ETF data, with June 3rd data showing that $FBTC recorded $77M of inflow. $BTC is now trading at $70,549 and $ETH is at $3,810.

  • The three major US equity indexes were up yesterday as JOLTS data showed that job openings fell to a 3-year low. Now, all eyes remain on Friday’s NFP data.

  • A few notable headlines include Thailand approving its first $BTC spot ETF following Australia’s lead, “Roaring Kitty” facing an E*Trade ban, and DWF purchasing $12M of $FLOKI in the open market.

  • During the last 24 hours, the top three gainers were $CKB, $UNI, and $ORDI, while the top three losers were $BRETT, $YGG, and $ENA.

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Peter ChungHead of Research
Min JungResearch Analyst