Daily Market Brief

Oct 18, 2024

Daily Market Brief 241018

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • After a few days of rallying, $BTC has mostly traded within a range over the past 24 hours. Currently, $BTC is priced at $67,418 and $ETH is trading at $2,605.

  • The share of DEX futures trading volume relative to CEX trading slipped to 3.26% in September, down from its peak of 5.18% in February. Binance dominates the market, handling $480 billion of the $1.4 trillion monthly $BTC volume (see here).

  • In recent headlines, the Worldcoin project launched its mainnet blockchain following a rebrand, Vitalik Buterin published an article outlining the future and roadmap for Ethereum, and the FBI arrested an Alabama man in connection with the January 2024 SEC X hack.

  • Over the past 24 hours, the top three gainers were $APU, $SPX, and $POPCAT, while the top three losers were $BONK, $RUNE, and $MKR.

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