Binance Market Update (2024-11-07)

The global cryptocurrency market cap now stands at $2.46T, up by 9.32% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $73,315 and $76,400 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $75,088, up by 1.79%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include COW, CETUS, and RAY, up by 132%, 99%, and 32%, respectively.

Top stories of the day:

• Asia Emerges As Leading Hub for Crypto Developers

• Michigan Pension Fund Invests Heavily in Ethereum ETFs

• XRP Price Analysis: Key Support and Resistance Levels

• Bitcoin's Potential Growth Amid Market Transition

• Fed's Policy Likely Stable in Near Term, Uncertainty Looms for 2025

• Japan's Central Bank Likely to Raise Interest Rates in December Amid Uncertainty

• Elon Musk Predicts Major Reforms in U.S. Government

• VanEck HODL Records Significant Inflow of $17.2 Million

• Cryptocurrency Market Enters Extreme Greed Phase

• BNB Chain Launches Tokenization Solution to Support Small Businesses in Accessing Web3

• Trump’s Victory Likely to Deepen Policy Divide Between Federal Reserve and European Central Bank

• Trump’s Tariff Policy May Limit Federal Reserve’s Ability to Cut Interest Rates

• Market Volatility Expected to Rise as Trump’s Trade Policies Take Center Stage

Market movers:

• ETH: $2825.2 (+7.74%)

• SOL: $188.11 (+2.16%)

• BNB: $594.6 (+2.30%)

• XRP: $0.5541 (+3.76%)

• DOGE: $0.19175 (-3.28%)

• TRX: $0.1609 (-0.98%)

• ADA: $0.3717 (+3.80%)

• TON: $4.858 (+2.42%)

• SHIB: $0.00001872 (-0.53%)

• WBTC: $75021.43 (+1.83%)

Top gainers on Binance:

• COW/USDT (+132%)

• CETUS/USDT (+99%)

• RAY/USDT (+32%)