Daily Market Brief

Oct 28, 2024

Daily Market Brief 241028

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • The weekend saw muted price action, with $BTC climbing as we head into the Asia session. Currently, $BTC is trading at $68,004, and  $ETH stands at $2,507.

  • This week’s calendar highlights include U.S. GDP data on Wednesday, the jobs report on Friday, and earnings from major companies such as Google, Microsoft, Meta, Coinbase, Robinhood, Intel, and Apple.

  • Over the weekend, notable headlines included a Wall Street Journal report that the U.S. is probing Tether for potential sanctions violations, a claim Tether promptly dismissed as “wildly irresponsible.” Additionally, Marc Andreessen gave a nod to the AI-powered VC fund ai16z, and Arkham announced support for Solana.

  • In the past 24 hours, the top three gainers were $VIRTUAL, $MPLX, and $RAY, while the top three losers were $GOAT, $SAFE, and $TIA.

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