Daily Market Brief

Nov 19, 2024

Daily Market Brief 241119

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC traded within the $89,500–$92,500 range. Currently, $BTC is trading at $90,478, while $ETH is trading at $3,207. Bitcoin dominance stands at 59.70%.

  • Two headlines emerged related to Trump: First, Donald Trump's social media company is reportedly in talks to acquire Bakkt, an ICE-founded crypto platform (see below for more) Second, Coinbase CEO Brian Armstrong is scheduled to meet with Donald Trump on Monday to discuss "personnel appointments."

  • Additional headlines include: MicroStrategy acquiring 51,780 $BTC for $4.6 billion, Goldman Sachs planning to spin out its digital assets business, and Binance announcing the launch of a new stablecoin offering a 19.55% APY.

  • Over the past 24 hours, the top three gainers were $HBAR, $XT, and $AI6Z, while the top three losers were $GOAT, $MOODENG, and $PNUT.

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