Daily Market Brief

Oct 21, 2024

Daily Market Brief 241021

Min-Headshot
Min Jung
RM
Rick Maeda
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  • Over the weekend, $BTC traded within a range, but it began to rally as we entered the Asia morning session. Currently, $BTC is trading at $69,030, and $ETH is trading at $2,747.

  • This week is relatively quiet, with less than 16 days remaining until the election and the November FOMC meeting. The week’s calendar includes earnings reports from Tesla, Coca-Cola, and AT&T, as well as a few speeches from Fed members.

  • Weekend headlines include the launch of Pump.fun’s trading terminal, Pump Advanced, Stripe’s acquisition of the stablecoin platform Bridge for $1.1 billion, marking crypto's largest acquisition, and the SEC’s approval for the NYSE and Cboe to list options trading for multiple spot Bitcoin ETFs.

  • Over the last 24 hours, the top three gainers were $APE, $SPX, and $DYDX, while the top three losers were $BABYDOGE, $CELO, and $BOME.

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Min-Headshot
Min JungResearch Analyst
RM
Rick MaedaResearch Analyst