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%)