Daily Market BriefNov 21, 2024

Daily Market Brief 241121

  • In a relatively mixed market, $BTC is trading at $94,304, +2.2% from yesterday, while $ETH is trading at $3,070, -1.2%. Bitcoin dominance stands at 61.11%.

  • NVIDIA reported strong Q3 FY25 results with revenue of $35.1B, beating estimates of $33.25B. Data center revenue reached $30.8B, surpassing forecasts of $29.14B. The company projects Q4 revenue of $37.5B (±2%).

  • Key headlines include: MicroStrategy upsizing its convertible note offering to $2.6B for bitcoin purchases, acquiring 51,780 BTC at an average price of $88,627, and Trump's team considering a new White House role focused on crypto policy. MicroStrategy's stock became the most traded in the US today, surpassing Tesla and NVIDIA.

  • In the past 24 hours, the top gainers were $CHILLGUY, $ADA, and $FLOKI, while the top losers were $GRASS, $GOAT, and $PNUT.

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