Daily Market Brief

Jul 18, 2024

Daily Market Brief 240718

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • As the Nasdaq had its worst day since 2022 due to geopolitical remarks from Trump and Biden, the crypto market saw a slight correction. $BTC is now at $64,089, down 1.5%, and $ETH is at $3,387, down 1.6%.

  • Earlier today, Biden mentioned he would drop out of the 2024 race if diagnosed with a medical condition, and now he has tested positive for COVID. Polymarket is currently expecting a 66% chance of his dropout after the diagnosis.

  • A few headlines include Grayscale launching a new fund for decentralized AI, Trump releasing his fourth NFT collection, and Maelstrom Fund announcing a Bitcoin developer grant program.

  • During the last 24 hours, the top three gainers were $DYM, $RPL, and $MANTA, while the top three losers were $DOG, $TRUMP, and $BDX.

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