Daily Market BriefNov 7, 2024

Daily Market Brief 241107

  • With Trump's victory, $BTC reached new all-time highs. Currently, $BTC is trading at $75,586, up 9%, and $ETH is trading at $2,721, up 12%. Bitcoin dominance stands at 60.5%.

  • The Dow, Nasdaq, and S&P 500 all soared to record highs after Trump's election victory. Notably, the benchmark 10-year Treasury yield rose to as high as 4.48%, its highest level in over four months.

  • A few key headlines include: BlackRock's spot bitcoin ETF sees $1 billion in volume within the first 20 minutes of trading, Arkham's perpetual exchange is set to launch next week, and Binance announces the listing of $COW and $CETUS in the spot market.

  • In the past 24 hours, the top three gainers were $GRASS, $NEIRO, and $LDO. Notably, there were no tickers in negative territory.

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