Daily Market Brief

Oct 22, 2024

Daily Market Brief 241022

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC was just $500 short of the $70K mark before retracing most of its weekend gains. Currently, $BTC is trading at $67,371 and $ETH is trading at $2,666.

  • On the ETF front, we are likely to see either a net outflow or a small inflow in yesterday’s numbers, depending on $IBIT. Last week saw approximately $2.1 billion in inflows, with Monday (October 14, 2024) alone accounting for $555 million.

  • A few notable headlines include: Bitcoin's hashrate hitting an all-time high, $MEW being listed on Upbit Spot, $1000CAT listed on Binance Futures, and CFTC Chair Behnam urging Congress to take action on crypto and election betting legislation.

  • Over the last 24 hours, the top three gainers were $GOAT, $SAFE, and $APE, while the top three losers were $DOG, $PRIME, and $NIERO.

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