Daily Market Brief

Nov 13, 2024

Daily Market Brief 241113

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC briefly hit the 90k mark before retracing slightly. It is currently trading at $87,941, while $ETH is trading at $3,242. Bitcoin dominance stands at 60.13%.

  • Coinbase launched the COIN50 Index to rival the S&P 500 in crypto. This index will track the 50 largest cryptocurrencies by market cap, using VanEck's MarketVector product focused on index creation.

  • A few other notable headlines include MARA missing Q3 revenue expectations while increasing its reserves to 26,747 BTC, and Justin Drake introducing Beam Chain, the final level of Ethereum consensus.

  • Over the past 24 hours, the top three gainers were $BONK, $ACT, and $XLM, while the top three losers were $CORGAI, $CRO, and $GRASS.

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