Daily Market Brief

Oct 2, 2024

Daily Market Brief 241002

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • Amid geopolitical risks, both equities and the crypto markets are down. As of now, $BTC is trading at $60,835, down 4%, and $ETH is at $2,449, down 5.9%.

  • Yesterday marked the worst start to October for crypto since 2013. Historically, October has been a strong month for $BTC, with only two losing years out of the last 11.

  • A few notable headlines include Charles Schwab being open to offering crypto services if regulations permit, Bitwise filing for an $XRP ETF, and $EIGEN starting trading at approximately a $6.7 billion FDV.

  • During the last 24 hours, the top three gainers were $CELO, $ULTIMA, and $W, while the top three losers were $NEIRO, $AR, and $DYM.

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