Binance Market Update (2024-10-06)

The global cryptocurrency market cap now stands at $2.17T, up by 1.53% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $61,700 and $62,371 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $62,051, down by -0.30%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include OG, CVC, and ATM, up by 59%, 28%, and 28%, respectively. Top stories of the day: U.S. Spot Bitcoin ETFs Experience $300 Million Weekly Outflow, Ending Three-Week Inflow Trend Bitcoin Price Volatility Could Lead to Over $150 Million in Liquidations Forex.com Strategists Anticipate Gold Prices to Rise Next Week Societe Generale: Energy Sector Drives Divergence in PPI and CPI Expectations Trump Pledges to Commute Ross Ulbricht's Sentence on First Day of Presidency Federal Reserve Likely to Cut Interest Rates By 25 Basis Points in November Dollar Spot Index Surges 1.6%, Marking Largest Weekly Gain Since September 2022 Analysis: Growing Investor Confidence in 25 Basis Point Interest Rate Cuts by the Fed in November and December Economists Weigh in on U.S. Employment Report and Fed's Inflation Battle Bitcoin Market Shows Long-Term Consolidation Phase Similar to 2019-2020 Period Social Media's Growing Influence on Financial Markets Chicago Fed President Goolsbee Praises Latest Nonfarm Payrolls Report, Signals Potential Rate Cuts Grayscale: Bullish Jobs Report Sparks Hope for Bitcoin Rally Amid Fed Rate Cut Outlook Market movers: ETH: $2423.72 (+0.15%) BNB: $563.2 (-0.16%) SOL: $143.76 (-0.64%) XRP: $0.5308 (-0.52%) DOGE: $0.10926 (-0.41%) TRX: $0.1542 (-0.26%) TON: $5.197 (-3.69%) ADA: $0.3501 (-1.32%) AVAX: $26.11 (+0.19%) SHIB: $0.00001741 (-1.64%) Top gainers on Binance: OG/USDT (+59%) CVC/USDT (+28%) ATM/USDT (+28%)