Daily Market Brief

Aug 16, 2024

Daily Market Brief 240816

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
PDF Download
  • Despite the NASDAQ ending the day up 2.34% and the S&P 500 up 1.61%, the crypto market continued to sell off. As of now, $BTC is trading at $58,141 down 4.2%, and $ETH is trading at $2,415 down 10.1%.

  • Two negative headlines include NYSE American withdrawing its proposal for Bitcoin ETF options, and Nasdaq ISE pulling back on Bitcoin and Ethereum options trading.

  • Other headlines include Eric Trump previewing a major Trump Organization move into crypto, $G and $RARE being listed on Binance futures, and Morgan Stanley disclosing $187 million in Bitcoin ETF holdings.

  • During the last 24 hours, the top three gainers were $GIGA, $FTM, and $AVAIL, while the top three losers were $DYM, $MOG, and $GMX.

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