Daily Market BriefDec 2, 2024

Daily Market Brief 241202

  • $BTC traded within a range without notable movements. Currently, $BTC is trading at $97,201, while $ETH is at $3,708. Bitcoin dominance stands at 56.75%.

  • The biggest news over the weekend was the rally of $HYPE. $HYPE began trading at $3.30 and is now trading at $9.42, with a fully diluted valuation of $9.24 billion and a market cap of $3.17 billion, approaching $JUP's FDV of $12.5 billion. According to The Block, Hyperliquid accounts for nearly half of all perpetual swaps trading volume.

  • Other notable headlines from the weekend include $XRP hitting a 7-year high and surpassing $SOL in market cap, as well as South Korea's decision to postpone the implementation of a virtual asset tax by two years.

  • In the last 24 hours, the top three gainers were $BZR, $HBAR, and $ZRO, while the top three losers were $CORE, $VIRTUAL, and $GOAT.

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