The cryptocurrency market continues to see fluctuations as the global market cap reached $3.84 trillion, increasing by 1.31% over the past day according to CoinMarketCap data. Bitcoin (BTC) traded between $110,164 and $112,710 within the last 24 hours, currently sitting at $110,657 with a -1.73% dip. The broader market saw mixed results with notable outperformers being YB, BEL, and STO, experiencing gains of 99%, 60%, and 15% respectively.
Binance today reports key updates across the crypto sphere:
* **Ethereum:** Price dips below $4,000 as Ethereum experiences mixed signals. Recent developments in scaling technology promise a boost to transaction speed for Ethereum with the ultimate goal of reaching 10,000 transactions per second. An analysis delves into Ethereum’s road to achieving this milestone.
* **Dogecoin:** The cryptocurrency saw accumulation by investors after a significant 66% crash, as indicated by on-chain data suggesting potential price movements towards $1.60 DOGE in the near future.
* **Market Movements:** Top movers include ETH dropping by 3.98%, Binance’s BNB declining 0.27%. XRP and SOL also saw notable drops of 4.34% and 6.69% respectively.
**Top Stories:** The latest news highlights various market-moving topics: U.S. economic activity remains steady, the Fed considers interest rate cuts amid trade tensions, and the U.S. government’s upcoming announcements are attracting attention during Trump’s Asia visit.
* **Global Debt & IMF:** The IMF predicts a future where global public debt surpasses GDP by 2029. A comprehensive look at recent market trends reveals a potential shift in investor sentiment on Bitcoin, as analysts anticipate Bitcoin’s price to potentially rise due to increased leverage and the upcoming rate cuts from the Federal Reserve.
* **Binance:** Yi He offers clarity regarding Binance’s return of deposits and their transparency regarding marketing and airdrop reports. Binance is also preparing for major updates with its Alpha and Futures platforms launching ZEROBASE (ZBT) on October 17th.
**Market Movers & Gainers**: Top gainers on Binance include YB/USDT (+99%), BEL/USDT (+60%), and STO/USDT (+15%). The full list of top market movers can be found at the end of this report.