Daily Market Brief

Oct 4, 2024

Daily Market Brief 241004

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The market continued to slide, with $BTC briefly breaking below the 60k mark on the Binance spot market. Currently, $BTC is trading at $60,751, while $ETH is at $2,349. Bitcoin dominance stands at 58.2%.

  • Unemployment data will be released in 12 hours (8:30 am EST). The market expects 148,000 new jobs to be created and an unemployment rate of 4.2%.

  • Recent headlines include Binance Labs' investment in Sophon ahead of its mainnet launch, PayPal's execution of its first business transaction using the PYUSD stablecoin, and Grayscale's launch of an Aave fund.

  • Over the past 24 hours, the top three gainers were $APT, $ALEO, and $AXL, while the top three losers were $ETHW, $ENA, and $FLR.

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