Daily Market Brief

Nov 14, 2024

Daily Market Brief 241114

RM
Rick Maeda
Min-Headshot
Min Jung
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  • Following the release of the U.S. CPI data, $BTC broke its all-time high once again, nearing the $93,500 mark. Currently, $BTC is trading at $90,422, while Ethereum ($ETH) is trading at $3,187. Bitcoin’s dominance stands at 60.99%.

  • The U.S. CPI for October is 2.6% (+0.2% month-over-month), and the core CPI is 3.3% (+0.3% month-over-month), both aligning with estimates. The market now anticipates an 80.7% probability of a 25 basis-point rate cut at the December FOMC meeting.

  • Yesterday’s listing announcements include Upbit listing $AGLD, Coinbase listing $WIF and $PEPE, and Binance listing futures for $HIPPO and $X.

  • Over the past 24 hours, the top three gainers have been $PNUT, $DOGE, and $PEPE, while the top three losers are $SPX, $EIGEN, and $TIA.

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RM
Rick MaedaResearch Analyst
Min-Headshot
Min JungResearch Analyst