Daily Market BriefNov 27, 2024

Daily Market Brief 241127

  • $BTC continues its slide, once reaching the $90,800 mark. It is now trading at $91,977, while $ETH is trading at $3,326. Bitcoin dominance stands at 58.54%.

  • Pantera Bitcoin Fund hits a 1000x milestone, with a 131,165% return since its launch in 2013, during which they acquired 2% of BTC's supply. Dan Morehead predicts Bitcoin could rally to $740,000 by 2028.

  • Key headlines include Binance unveiling the reward-bearing asset BFUSD for use in futures trading, Movement introducing $MOVE, and the Trump Administration planning to regulate digital assets through the CFTC instead of the SEC.

  • Over the last 24 hours, the top three gainers were $CHILLGUY, $VIRTUAL, and $ZRX, while the top three losers were $ELF, $SAND, and $XLM.

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