Daily Market Brief

Jun 19, 2024

Daily Market Brief 240619

PC
Peter Chung
MJ
Min Jung
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  • The market continues to sell off, with $BTC currently trading at $65,159, down 2%, and $ETH at $3,484, down 0.8%. The altcoin sell-off seems to be more pronounced, with Bitcoin dominance nearing 55.8%.

  • In contrast to the crypto market, the equity market continues to break all-time highs. Notably, NVIDIA is up 3.5%, becoming the most valuable company in the world.

  • A few notable crypto headlines include GCR betting $100M that $DJT is fake, Coinbase planning to list EIGEN-PERP on the pre-launch market on June 18, and Hashdex filing for a combined spot Bitcoin and Ethereum ETF.

  • During the last 24 hours, the top three gainers were $ELF, $TRUMP, and $ENS, while the top three losers were $CFX, $CORE, and $IOTX.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst