Daily Market Brief

Jun 10, 2024

Daily Market Brief 240610

Peter Chung
Min Jung
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  • Last Friday, the NFP number came in stronger than expected, with the US economy adding 275k jobs compared to the expected 185k. Following the release, $BTC saw a sharp decline, falling from 71k to 69k. Currently, $BTC is trading at $69,650 and $ETH at $3,706.

  • Another highlight was Roaring Kitty’s livestream, which attracted almost a million viewers, surpassing the FOMC’s audience. However, it was uneventful compared to expectations, with $GME crashing during the stream. As $GME sold off, memecoins also experienced a sharp decline.

  • This week will be significant for macroeconomic events, with the CPI release on Wednesday, the FOMC meeting on Thursday, and a speech from Yellen on Friday.

  • During the last 24 hours, the top three gainers were $TURBO, $BRETT, and $BICO, while the top three losers were $PEOPLE, $LPT, and $PRIME.

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Peter ChungHead of Research
Min JungResearch Analyst