Daily Market Brief

Oct 15, 2024

Daily Market Brief 241015

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC surged more than 5% yesterday, breaking through the $66K mark. Currently, $BTC is trading at $66,081 and $ETH is at $2,630. Notably, $BTC's funding rate is the highest since July 27.

  • Kamala Harris announced her commitment to supporting a regulatory framework for cryptocurrency, aimed at providing more investment certainty to the 20% of Black Americans who currently own or have previously owned digital assets (see below for more.)

  • Recent headlines include Trump-backed World Liberty Financial whitelisting 100K accredited investors ahead of its WLFi launch, Hyperliquid announcing the launch of its native token HYPE, and Tether's CEO revealing the company's exploration into commodities trading and TradFi opportunities.

  • Over the past 24 hours, the top three gainers were $BOME, $MEME, and $MEW, while the top three losers were $SPX, $GIGA, and $SAFE.

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