Daily Market Brief

Jul 4, 2024

Daily Market Brief 240704

PC
Peter Chung
MJ
Min Jung
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  • After the continuation of the sell-off in both Asian and US hours, $BTC rebounded at the 60k level and is now trading at $60,199, while $ETH is at $3,295. On the ETF front, we saw a small net outflow on Tuesday.

  • With the bearish sentiment across altcoins, the secondary OTC market seems to be of interest right now, with most major altcoins pricing at a 50+% discount with a 1-2 year lock-up.

  • A few other headlines include Jupiter Exchange introducing a new feature called ape.jup.ag, which allows easy purchase of memecoins, Consensus acquiring Wallet Guard, and $WELL launching on Bybit.

  • During the last 24 hours, the top three gainers were $H2O, $OM, and $ZK, while the top three losers were $POPCAT, $WIF, and $ENS.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst