Binance Market Update (2024-09-19)

The global cryptocurrency market cap now stands at $2.07T, up by 1.30% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $59,175 and $62,590 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,146, up by 3.65%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include KAVA, ALT, and KDA, up by 27%, 25%, and 24%, respectively. Top stories of the day: Institutions Reduce Short Positions on Bitcoin Futures ECB May Accelerate Rate Cuts Amid Economic Concerns Binance Labs Invests in Hemi Labs to Enhance Blockchain Scalability and Interoperability JPMorgan Strategist: Fed Signals Cautious Approach to Easing Cycle Market Calm After Fed Rate Cut May Be Short-Lived Cryptocurrency Fear And Greed Index Rises to Neutral State Silvergate Capital Files For Bankruptcy Amid Financial Struggles Louisiana Accepts Crypto Payments for State Services Fed's Aggressive Rate Cut Signals Focus on Employment U.S. Stock Futures and Asian Markets Show Gains Hong Kong Monetary Authority Lowers Benchmark Interest Rate by 50 Basis Points U.S. Stock Indices and Spot Gold Erase Gains Post-Fed Rate Decision Fed Chair Powell Indicates Gradual Rate Adjustments Gold Prices Surge to Record High After Federal Reserve Rate Cut Federal Reserve Chair Powell Highlights Strong Economy and Commitment to Sustained Growth Analyst Predicts Economic Soft Landing with Stable Growth and Inflation Federal Reserve Confident in Inflation Progress Towards 2% Target Federal Reserve Announces Interest Rate Decision with Mixed Opinions Among Officials Federal Reserve Removes Key Inflation Phrase From FOMC Statement Federal Reserve Begins Rate Cut Cycle, Lowers Interest Rates by 50 Basis Points Bitcoin Market Dominance Reaches Highest Level Since 2021 Carlyle Group Predicts Multiple Fed Rate Cuts By Year-End Dollar Index DXY Experiences Short-Term Decline Tether's U.S. Treasury Holdings Rank 18th Globally Bitcoin Mining Companies Outperform Amid Market Volatility BNB Chain Introduces Gas-Free Stablecoin Payment Plan Market movers: ETH: $2433.2 (+5.03%) BNB: $556.2 (+2.54%) SOL: $138.9 (+6.41%) XRP: $0.5827 (+1.09%) DOGE: $0.1044 (+3.29%) TON: $5.735 (+4.08%) TRX: $0.1504 (+0.27%) ADA: $0.3476 (+4.89%) AVAX: $26.16 (+11.84%) WBTC: $62034.72 (+3.48%) Top gainers on Binance: KAVA/USDT (+27%) ALT/USDT (+25%) KDA/USDT (+24%)