Daily Market Brief

Nov 1, 2024

Daily Market Brief 241101

Min-Headshot
Min Jung
RM
Rick Maeda
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  • The market slid during U.S. trading hours, briefly dipping below the 70k level. Currently, $BTC is trading at $70,281, while $ETH is at $2,519.

  • ETH’s underperformance has been notable this cycle, with ETH/BTC hitting new all-time lows daily, now at 0.035. Meanwhile, SOL/ETH is near its all-time high.

  • Other headlines include: IMX receiving a Wells notice from the SEC over token sales, Tether reporting a net profit of $2.5 billion for Q3, and World Liberty Financials scaling back its WLFI token sale from $300 million to $30 million.

  • Over the past 24 hours, the top three gainers were $KLAY ($KAIA), $RAY, and $QAI, while the top three losers were $IMX, $DOG, and $MEME.

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Min-Headshot
Min JungResearch Analyst
RM
Rick MaedaResearch Analyst