Daily Market Brief

Sep 2, 2024

Daily Market Brief 240902

Min-Headshot
Min Jung
RM
Rick Maeda
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  • Without a specific headline driving the markets, the market slid over the weekend. Currently, $BTC is trading at $57,315 down 2.8%, and $ETH is trading at $2,427 down 3.4%. Bitcoin dominance has reached 57.5%.

  • This week's calendar includes US ISM Manufacturing data on Tuesday, US Jobless Claims data on Friday, and Korea Blockchain Week, which will take place throughout the week.

  • Key headlines include the SEC warning FTX against repaying creditors in stablecoins and other cryptocurrencies, Telegram revealing it has $400M worth of cryptocurrency on its balance sheet, and an Illuvium developer revealing the project's challenges.

  • During the last 24 hours, the top three gainers were $AGIX, $HNT, and $USDB, while the top three losers were $PEOPLE, $DOGS, and $PEPE.

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Min-Headshot
Min JungResearch Analyst
RM
Rick MaedaResearch Analyst