Daily Market BriefOct 17, 2024

Daily Market Brief 241017

  • Bitcoin continues its upward momentum, recently breaking the $68,000 mark. Currently, $BTC is trading at $67,617, while $ETH is at $2,611. Notably, Bitcoin's market dominance stands at 58.85%.

  • With less than 20 days until the election, Trump’s odds of winning have reached their highest point, leading Harris by 17%. To explore the correlation between Trump’s election odds and Bitcoin’s price, check out our detailed analysis here.

  • In recent headlines, Robinhood announced plans to support CME Bitcoin and Ether futures, Radiant Capital suffered a $50M loss in its second blockchain exploit this year, and Binance Labs has invested in the Bitcoin liquid staking platform, Lombard.

  • Over the past 24 hours, the top three gainers were $MOG, $BONK, and $DOGE, while the top three losers were $SPX, $ALEO, and $TURBO.

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