Daily Market Brief

Nov 12, 2024

Daily Market Brief 241112

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC continues its rally, becoming the 8th largest asset in the world and surpassing the market cap of silver. Currently, $BTC is trading at $88,664, while $ETH is trading at $3,372. Bitcoin dominance stands at 59.94%.

  • The Coinbase premium continues to expand, currently in the 0.15% range. However, the Kimchi premium remains negative, suggesting that the rally is primarily driven by the U.S. market.

  • A few other notable headlines include MicroStrategy purchasing an additional 27,200 BTC for $2 billion, and Binance listing $PNUT and $ACT,previously valued at around $20 million in market cap before listing.

  • Over the past 24 hours, the top three gainers were $ACT, $CRO, and $CORGAI, while the top three losers were $GOAT, $NIERO, and $DRIFT.

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