Daily Market Brief

Sep 23, 2024

Daily Market Brief 240923

Peter-Headshot
Peter Chung
RM
Rick Maeda
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  • With mixed results over the weekends, crypto was largely unchanged with BTC gaining 0.58% and ETH 0.73%.

  • After a big macro week with the 50 bp Fed cut, spot bitcoin exchange-traded funds in the U.S. recorded a weekly net inflow of nearly $400mm, with $92mm of that coming in on Friday alone.

  • VP Harris spoke about crypto for the first time as the Democratic Presidential Nominee over a weekend fundraiser, saying “We will encourage innovative technologies like AI and digital assets, while protecting our consumers and investors.”

  • During the last 24 hours, the top three gainers were $HNT, $PENDLE, and $MPLX, while the top three losers were $TURBO, $TIA, and $DOGS.

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Peter-Headshot
Peter ChungHead of Research
RM
Rick MaedaResearch Analyst