Daily Market Brief

Sep 19, 2024

Daily Market Brief 240919

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market has rallied since the FOMC decision. $BTC is now trading at $61,757, up 2.4%, and $ETH is trading at $2,372, up 1.3%.

  • The Federal Reserve cut interest rates by 50 basis points, with Powell noting that "Economic projections don’t suggest the FOMC is in a rush." Now, the focus shifts to the BOE and BOJ, both of which are expected to hold their interest rates steady.

  • A few crypto headlines include Bitget and Foresight Ventures investing $30 million in the TON blockchain, Zetachain being listed on Coinbase, and Borderless Capital announcing a $100M DePIN Fund III.

  • During the last 24 hours, the top three gainers were $NIERO, $ZETA, and $POPCAT, while the top three losers were $MPLX, $KCS, and $USDY.

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