Daily Market Brief

Oct 29, 2024

Daily Market Brief 241029

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC has finally breached the $70,000 level, marking its highest point since July 29. Currently, $BTC is trading at $69,953 and $ETH is trading at $2,567. Bitcoin dominance stands at 59.61%.

  • With less than 10 days until the election, certain stocks and cryptocurrencies are benefitting from Trump’s lead. $DJT has rallied more than 21.59%, and $DOGE has surged by over 11.7% in the last 24 hours.

  • Notable headlines include Hong Kong SFC’s plan to establish a "Consultative Panel" for licensed crypto exchanges, $GRASS being listed on OKX Futures, and $DOGE  price spiked after Elon Musk shared D.O.G.E. plans at a major Trump rally.

  • In the past 24 hours, the top three gainers were $RUNE, $DOGE, and $BSV, while the top three losers were $VIRTUAL, $SAFE, and $APE.

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