Daily Market Brief

Aug 26, 2024

Daily Market Brief 240826

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • Market rallied post Powell’s speech at Jackson Hole. $BTC is now trading at $64,273 and $ETH is now trading at $2,747.

  • At Jackson Hole, Powell made a few dovish comments, emphasizing that "the time has come" for Fed cuts. He noted, "Inflation has declined significantly," and added, "The time has come for policy to adjust. The direction of travel is clear."

  • During the weekend, the most notable headline was the arrest of Telegram founder Pavel Durov in France. This week’s financial calendar includes NVIDIA's earnings on Wednesday and US GDP data on Thursday.

  • During the last 24 hours, the top three gainers were $PRIME, $AGIX, and $MPLX, while the top three losers were $MATIC, $MOG, and $NOT.

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Peter-Headshot
Peter ChungHead of Research
Min-Headshot
Min JungResearch Analyst