Daily Market Brief

Nov 11, 2024

Daily Market Brief 241111

Peter-Headshot
Peter Chung
RM
Rick Maeda
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  • Crypto rallied over the weekend, with $BTC hitting an all-time-high of $81,534 on Sunday. $BTC is currently at $80,389 and $ETH at $3,186, up 4.99% and 7.49% respectively from the Friday close.

  • $IBIT's $33.2B in assets has now surpassed BlackRock's gold ETF ($IAU), marking a significant milestone just months after its January launch.

  • The SEC has delayed its decision on spot Ethereum ETF options for the second time, citing the need for more analysis regarding market manipulation prevention.

  • Polymarket's open interest dropped 64% to $184.16 million following Trump's election victory, with the platform now reportedly teasing a token launch.

  • Over the last 24 hours, the top three gainers were $MOODENG, $SHIB, and $DOGE, while the top three losers were $GRASS, $GIGA, and $PEPECOIN.

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Peter-Headshot
Peter ChungHead of Research
RM
Rick MaedaResearch Analyst