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Daily Market Brief 241028

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#Bitcoin
Presto Research
298Words
Oct 27, 2024

The weekend saw muted price action, with $BTC climbing as we head into the Asia session. Currently, $BTC is trading at $68,004, and $ETH stands at $2,507. This week’s calendar highlights include U.S. GDP data on Wednesday, the jobs report on Friday, and earnings from major companies such as Google, Microsoft, Meta, Coinbase, Robinhood, Intel, and Apple. Over the weekend, notable headlines included a Wall Street Journal report that the U.S. is probing Tether for potential sanctions violations, a claim Tether promptly dismissed as “wildly irresponsible.” Additionally, Marc Andreessen gave a nod to the AI-powered VC fund $ai16z, and Arkham announced support for Solana. In the past 24 hours, the top three gainers were $VIRTUAL, $MPLX, and $RAY, while the top three losers were $GOAT, $SAFE, and $TIA.

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