Daily Market BriefDec 4, 2024

Daily Market Brief 241204

  • $BTC retraced most of its losses caused during South Korea’s incident and is now trading unchanged from yesterday. As of now, $BTC is trading at $95,898, and $ETH is trading at $3,615. Bitcoin dominance stands at 55.28%.

  • Last night, South Korea's president declared emergency martial law. The Kimchi Premium once reached -40%, with both Upbit and Bithumb experiencing difficulties (see below for more).

  • Noteworthy developments include Paul Atkins' chances of becoming the next US SEC chair rising, while reports suggest he is hesitant to accept; NYSE Arca filing to list and trade Grayscale's spot Solana ETF; and ex-Celsius CEO Mashinsky pleading guilty in a US fraud case.

  • Over the past 24 hours, the top gainers were $RSR, $TRX and $JST, while the top three losers were $KAIA, $NEIRO, and $XRP.

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