The cryptocurrency market witnessed a decline of approximately -5.06% in the past 24 hours, with a current global capitalization at $2.94 trillion as per CoinMarketCap data. Bitcoin (BTC) has traded within a range of $83,823 to $87,350 during this time, currently closing at $86,832, showcasing a slight increase of 0.28%. A notable trend shows mixed performance amongst major cryptocurrencies with some seeing substantial growth. Notably, BAND, ANIME and SUPER are leading the gainers with 15%, 13%, and 12% increases respectively.
Top stories this day include: U.S. Bitcoin Spot ETF experiencing continued inflows, while Canaan Technology and SynVista Energy forge a strategic partnership to support green Bitcoin mining. Meanwhile, Blackrock executives highlight the role of tokenization in global market development, and Franklin Templeton expands its Crypto ETF portfolio with six new tokens.
The crypto news landscape continues with insights into why crypto markets are declining. Also noteworthy is the surge in digital asset ETFs attracting over $1 billion in inflows as hopes for rate cuts drive a market rebound. This comes alongside analysis of the reasons behind the recent Bitcoin and Ethereum sell-off, exploring factors like Japan’s bond yields hitting a 17-year high and increased expectations for the BOJ rate hike.
Market movers reveal notable changes: ETH is down by -1.15% to $2805.35, while BNB is up by +0.79% to $832.91. XRP has seen a decrease of -1.42% to $2.0167, followed by a modest dip in SOL and TRX.
Top gainers on Binance include BAND/USDT (+15%), ANIME/USDT (+13%), and SUPER/USDT (+12%). #DOGE #BTC #ETF #BNB #XRP #ETH