Daily Market Brief

Oct 31, 2024

Daily Market Brief 241031

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC has mostly traded within a range following yesterday’s attempt to reach an all-time high. Currently, $BTC is trading at $72,347, and $ETH is trading at $2,658.

  • On the ETF front, Bitcoin ETFs recorded their third-largest daily inflows yesterday, totaling $870 million, with $IBIT contributing $642.9 million. Bitcoin ETFs now hold more than 5% of Bitcoin’s total market share.

  • On the earnings side, MicroStrategy, Robinhood, and Coinbase reported their earnings. MicroStrategy announced its goal to raise $42 billion to buy more $BTC, Coinbase announced a $1 billion share buyback, and Robinhood reported $14.4 billion in crypto trading volume.

  • In the past 24 hours, the top three gainers were $PEPE, $MKR, and $CHEX, while the top three losers were $GOAT, $VIRTUAL, and $TIA.

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