Daily Market Brief

Oct 30, 2024

Daily Market Brief 241030

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC reached $73.5K, just $300 shy of its all-time high. Currently, $BTC is trading at $72,730, and $ETH is trading at $2,638, with Bitcoin dominance at 60%.

  • On the ETF front, we’ve observed strong inflows over the past two weeks, with 10/22/2024 being the only day recording a net outflow. Trading volume has also increased, with yesterday marking the third-highest volume since April 1, 2024 (see below for more).

  • Notable headlines include DWF Labs fires partner amid sexual harassment, drugging allegations, dYdX Trading lays off 35% of its employees, and Kraken chooses Optimism’s ‘Superchain’ after receiving a pile of OP tokens.

  • In the past 24 hours, the top three gainers were $SUI, $AIOZ, and $SUPER, while the top three losers were $KAS, $ALEO, and $MPLX.

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