Daily Market Brief

Jul 5, 2024

Daily Market Brief 240705

PC
Peter Chung
MJ
Min Jung
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  • Another bloody session with the headline that the German government transferred 1300 $BTC and Mt. Gox repayments are about to begin. $BTC is now trading at $57,026, down 5.3%, and $ETH is now trading at $3,057, down 7.2%.

  • According to Coinglass, in the past 24 hours, 178,437 traders were liquidated. The total liquidations come in at $506.90M, with $442.46M being long positions.

  • A few other headlines include Unisat Wallet announcing a pre-A round from Binance, Aevo launching Aevo Strategies, and Justin Sun offering to buy Germany’s Bitcoin.

  • During the last 24 hours, the top three gainers were $FTN, $BDX, and $EGLD, while the top three losers were $PEOPLE, $AEVO, and $ZK.

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PC
Peter ChungHead of Research
MJ
Min JungResearch Analyst