Daily Market Brief

Jun 6, 2024

Daily Market Brief 240606

Peter Chung
Min Jung
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  • Market seems to be muted ahead of Friday’s NFP release with $BTC trading at $71,083 and $ETH at $3,865. We did see a huge inflow on June 4th $BTC spot ETF data at $886M, with $274M coming from $IBIT and $378M from $FBTC.

  • ISM PMI came in at 53.8, beating expectations and putting in the highest number in 9 months.

  • Yesterday’s notable headlines include $TAIKO being listed on Bybit and Upbit, Avail announcing $75M in total funding, and Bybit suddenly opening up registration and authentication for users in China.

  • During the last 24 hours, the top three gainers were $PEOPLE, $GMX, and $PRIME, while the top three losers were $PEPE, $CKB, and $TURBO.

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Peter ChungHead of Research
Min JungResearch Analyst