Daily Market Brief

Nov 20, 2024

Daily Market Brief 241120

Peter-Headshot
Peter Chung
Min-Headshot
Min Jung
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  • $BTC reached a new all-time high of $93,800. Currently, $BTC is trading at $92,239, while $ETH is trading at $3,105. Bitcoin dominance stands at 60.37%.

  • President-elect Trump has nominated pro-Bitcoin Howard Lutnick for the U.S. Department of Commerce. Lutnick, CEO of Cantor Fitzgerald, is known for his comment: "I have hundreds of millions of dollars of exposure to Bitcoin, and it will be billions."

  • Additional headlines include: IBIT options see hundreds of millions in volume on day one; Metaplanet shares jump 15% following its latest Bitcoin acquisition; and former Robinhood employees raise $5 million for the crypto-AI startup OpenLayer.

  • Over the past 24 hours, the top three gainers were $VIRTUAL, $DOG, and $GRASS, while the top three losers were $XTZ, $EIGEN, and $MOODENG.

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