Binance Research’s November 2024 Monthly Insights report looks at important performance factors and current developments in the cryptocurrency sector. The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, mostly as a result of robust BTC inflows brought on by spot ETF activity and positive U.S. employment statistics.
The victory of Donald Trump in the U.S. presidential election race has impacted the broader financial markets. Particularly, the cryptocurrency market and the related investment products. With Bitcoin (BTC) surging past $76K, the US spot Bitcoin ETFs have witnessed an escalation in trading volumes and inflows. Notably, BlackRock’s Bitcoin ETF,
The global crypto market cap has climbed to $2.51 trillion, reflecting a 1.44% increase in the past day. Ethereum (ETH) has been a standout performer, surging over 10% in the last 24 hours and breaking above $2,850, marking a new three-month high. The overall trading volume in the crypto market
As cryptocurrencies continue to evolve, Ethereum, Chainlink, and BlockDAG each chart unique courses, capturing the interest of traders seeking valuable assets. Ethereum continues to be a staple in the crypto market, with its resilience amidst volatility and ongoing developments that sustain its price stability. Current Ethereum price predictions underscore its
Singapore, Singapore, 6th November 2024, Chainwire
The global crypto market cap surged to $2.47 trillion, marking an 8.11% increase in the last 24 hours. Total crypto market volume soared to $165.48 billion, reflecting a significant 95.70% surge in trading activity. DeFi’s share of this volume stood at $6.62 billion, accounting for 4.00% of the total crypto
Bitcoin reached a new all-time high above $75,000 today, marking a pivotal moment in the cryptocurrency market. The price of Bitcoin surged by more than 9%, touching $74,614. This latest rise followed favourable U.S. election results for the crypto-friendly candidate, Donald Trump. With Trump’s odds of winning climbing to 96%
As the cryptocurrency market grapples with uncertainty surrounding the U.S. presidential election, Ethereum (ETH) has experienced significant downward pressure. Currently trading at approximately $2,443, ETH has seen a 0.73% decline in the past 24 hours and a steep 7% drop over the last week. Despite a slight recovery in total
Bitcoin (BTC) is currently priced at $68,344, showing a 1.09% decline over the last 24 hours. The 24-hour trading volume surged 24.89% to $41.18 billion, underscoring renewed market interest. BTC’s market cap is $1.35 trillion, maintaining a dominance of 3.05%. Market attention is also on the circulating supply, totaling 19.78
XRP, currently trading at $0.5075, witnessed a minor 0.48% surge over the past 24 hours. This upward movement aligns with the broader crypto market, which recorded a slight 0.09% uptick after experiencing losses throughout the day. However, XRP had previously dropped to a ten-day low of $0.4917. Meanwhile, over recent
