Daily Market Brief

Oct 16, 2024

Daily Market Brief 241016

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC continues to rise, recently attempting to break through the $68,000 mark, reaching as high as $67,950, just $50 short of the milestone. It is now trading at $67,077 and $ETH is trading at $2,607.

  • On the earnings front, Bank of America and Goldman Sachs both reported strong earnings, exceeding market expectations. However, ASML shares plunged 16% following its earnings release, as the company trimmed its outlook.

  • In recent headlines, World Liberty Financial generated just $9 million in first-day WLFI token sales. Additionally, Grayscale filed to convert its mixed crypto fund, which includes Bitcoin, Ethereum, and Solana, into an ETF. Meanwhile, Tesla has transferred all $760 million worth of BTC to unknown wallets.

  • Over the past 24 hours, the top three gainers were $MPLX, $CHZ, and $LTC, while the top three losers were $GIGA, $SPX, and $MOG.

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