Daily Market Brief

Jul 12, 2024

Daily Market Brief 240712

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
PDF Download

  • Despite the small uptick after the softer inflation numbers, the market remains flat. $BTC is now trading at $57,337, down 0.7%, and $ETH is now trading at $3,099.

  • The CPI index increased by 3.0% YoY, which was below the expectation of 3.1%. This marks the third consecutive month of slowing and the lowest print since early 2021. The market is now expecting a 90+% chance of a rate cut in September.

  • A few headlines include Trump speaking at Bitcoin2024, the continuous debate on Story Protocol, and multiple DeFi domains being at risk of being hacked.

  • During the last 24 hours, the top three gainers were $GAL, $OM, and $ILV, while the top three losers were $BONK, $PEOPLE, and $AEVO.

Back to list
Peter-Headshot
Peter ChungHead of Research
Min-Headshot
Min JungResearch Analyst