Binance Market Update (2024-11-28)

The global cryptocurrency market cap now stands at $3.22T, up by 0.07% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $92,848 and $97,208 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,312, up by 2.14%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include THE, ENS, and AMP, up by 2150%, 45%, and 33%, respectively. Top stories of the day: Bitcoin Price News: Bitcoin (BTC) Metrics Signal Bull Market Is Far From Overvalued Bitcoin’s valuation metrics point to a sustained bull market, with analysts eyeing a potential target of $146,000 as retail activity remains subdued. Altcoin News: Solana Price Rebounds: Is $300 SOL Within Reach? Solana (SOL) rebounds from recent lows, backed by strong onchain metrics and derivatives data. Could SOL rally toward $300 and challenge its all-time high? Bitcoin News Today: SOS Ltd Joins Bitcoin Frenzy With $50M Purchase, Shares Surge 40% SOS Ltd announces a $50M Bitcoin purchase, sparking a 40% surge in stock price as it leverages Bitcoin’s rally and institutional momentum. Bitcoin Price News: Bitcoin Surges Above $97K Before Dropping Back to $95.5K as Ether, XRP Lead Gains Bitcoin hit $97K before retreating to $95.5K, while ETH surged 7% and XRP gained 6%. Market optimism grows as Scott Bessent is nominated as U.S. Treasury Secretary. Crypto News: Bitwise Files for 10 Crypto Index Fund ETF with the SEC Bitwise Asset Management files for its 10 Crypto Index Fund ETF, offering diversified exposure to major cryptocurrencies, including Bitcoin and Ether. Cryptocurrency Market Enters Extreme Greed Phase MARA Holdings Expands Bitcoin Holdings with Convertible Notes Binance TH Achieves ISO 27001 and ISO 27701 Certifications, Strengthening Trust in Thailand’s Digital Asset Market Binance TH secures ISO 27001 and ISO 27701 certifications, highlighting its commitment to top-tier security and privacy standards in Thailand’s digital asset ecosystem. Bitcoin Price News: Bitcoin (BTC) Bull Market Set to Continue, Galaxy Research Says Galaxy Research expects Bitcoin to retest $100K soon, driven by institutional adoption, nation-state reserves, and a pro-crypto U.S. administration. Crypto News: Bitcoin’s $100K Target Gets 50-50 Odds by Year-End: Options Data Bitcoin has a 45% chance of surpassing $100K by the end of 2024, driven by strong market demand for call options and bullish sentiment. Learn more about BTC’s outlook. Bitcoin Price News: Bitcoin Profit-Taking Reaches $2B Daily, Driven by New Hodlers XRP News: Why Is XRP Price Up Today? XRP gains 10.5% on Nov. 27, buoyed by Ripple's strategic partnerships, rising open interest, and technical indicators pointing toward a potential $4.28 rally. Bitcoin News Today: Bitcoin (BTC) Analysts Expect 30% Correction Before $100K Rally Bitcoin could face a 20–30% correction before breaching the $100K mark, analysts say. Learn why ETF inflows and institutional interest remain pivotal for BTC's next leg up. Bitcoin Price News: U.S. Dollar Weakness and Growing Money Supply Set Stage for Bitcoin’s 2025 Rally Analysts project a $132K Bitcoin rally in 2025, driven by a weakening US dollar, growing M2 money supply, and renewed market confidence post-Trump victory. BTC News: MIAX Exchange Joins Nasdaq and NYSE in Listing Bitcoin ETF Options MIAX Sapphire now offers Bitcoin ETF options alongside Nasdaq and NYSE. Discover the significance of this move for institutional adoption and BTC holders. Bitcoin News: Bitcoin Eyes $100,000 as Bulls Target $95K Reclaim Bitcoin gains 4% as macro data boosts market sentiment. Analysts renew six-figure BTC price calls with $95,000 as key support. Crypto News Today: Vancouver Mayor Proposes ‘Bitcoin-Friendly City’ Initiative Stablecoin Trading Volume Soars to $1.8 Trillion in November tablecoin Trading Volume Hits $1.8T in November, Led by Tether and USDC Growth Meta Description: Stablecoin trading volume surged 77.5% in November to $1.81 trillion, with market capitalization reaching $190 billion. Learn about key trends and performance drivers. THENA (THE) Continues to Surge Following Binance Listing Ethereum News: Ether Futures Open Interest Hits Record High—Is an ETH Bull Run Brewing? Bitcoin News: Is Bitcoin (BTC) Heading for a Crash or a Comeback? Analysts Weigh In Tether's Liquidity Pool Projected to Reach Billions by 2026 U.S. Dollar Index Rises Following PCE Data Release U.S. Q3 GDP Holds Steady at 2.8%, Core PCE Revised to 2.1%, Jobless Claims Beat Expectations Bitcoin's Correction: 10x Research Identifies Key Support Levels at $89,000 and $75,000 Bitcoin's Path to $100,000: Insights from 21Shares' Matt Mena Market movers: ETH: $3622.35 (+6.05%) SOL: $238.12 (+2.22%) BNB: $653.95 (+5.69%) XRP: $1.4618 (+2.47%) DOGE: $0.4052 (+3.62%) ADA: $0.9942 (+1.96%) AVAX: $42.52 (-1.80%) TRX: $0.2006 (+0.85%) TON: $6.307 (+0.72%) SHIB: $0.00002546 (+3.33%) Top gainers on Binance: THE/USDT (+2150%) ENS/USDT (+45%) AMP/USDT (+33%)