Daily Market Brief

Oct 7, 2024

Daily Market Brief 241007

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market has retraced most of the dip following the jobs report. Currently, $BTC is trading at $62,819, and $ETH is trading at $2,440. Bitcoin dominance stands at 57%, while the ETH/BTC pair is at 0.03892.

  • This week’s calendar includes the FOMC minutes release and the CPI data on Thursday. Additionally, the Eigen unlock is happening on Monday, and Aptos unlock is scheduled for Friday.

  • A few headlines from the weekend (including Friday EST) are: the U.S. added a blowout 254K jobs in September; EigenLayer 'erroneously transferred' $5.5 million worth of tokens to an attacker; and the market is anticipating HBO to identify Len Sassaman as Satoshi (see below for more).

  • Over the last 24 hours, the top three gainers were $SPX, $NIERO, and $GIGA, while the top three losers were $ALEO, $KAS, and $XMR.

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