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Daily Market Brief 240924

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#Macro
Presto Research
270Words
Sep 23, 2024

The market traded rangebound with no significant news in both the crypto and tradfi sectors. $BTC is now trading at $63,331 and $ETH is trading at $2,647. Since the Fed rate cut, $ETH has been outperforming $BTC. ETH/BTC has rebounded to the 0.042 level from 0.038 on 9/18, with $BTC dominance currently at 57.5%. A few headlines include Polymarket considering a token launch to raise over $50 million, Celestia Foundation raising $100 million in a round led by Bain Capital Crypto, and PancakeSwap launching an AI-powered prediction market on Telegram. During the last 24 hours, the top three gainers were $NEIRO, $TIA, and $ARKM while the top three losers were $HNT, $MX, and $LEO.

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