Daily Market BriefNov 22, 2024

Daily Market Brief 241122

  • $BTC hit another all-time-high and is currently trading at $98,374, +4.3% from yesterday, while $ETH is trading at $3,356, +9.3%. Bitcoin dominance stands at 60.61.

  • U.S. spot bitcoin ETFs have surpassed $100B in total NAV, representing 5.4% of $BTC’s market cap. BlackRock's $IBIT leads with $45.4B in assets, followed by Grayscale's $GBTC with $20.6B. The ETFs recorded $733.5MM in net inflows on Wednesday.

  • Major headlines include: SEC Chair Gary Gensler announcing his resignation effective January, a Texas court overturning SEC's expanded 'broker' rule affecting crypto traders, and Sui Network experiencing a two-hour outage due to transaction scheduling logic issues.

  • In the past 24 hours, the top gainers were $ZEREBRO, $OP, and $MOG, while the top losers were $FWOG, $PNUT, and $FLOKI.

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