BNB Financial News

XRP, Cardano, and Solana were trading with gains, while Dogecoin, Polkadot, Litecoin, and Shiba Inu were trading with cuts. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.18% in the last 24 hours. The crypto market was range-bound over the weekend and continues to trade sideways. The crypto fear and greed index, too, remained steady over the weekend. The index is currently in the fear zone with a score of 40/100, said Parth Chaturvedi, Investments Lead at CoinSwitch Ventures. «All major cryptos by market capitalization are trading marginally in the green. BTC and ETH continue to trade in a narrow range around their respective anchor levels of $26k and $1.6k. However, recent whale activity pertaining to BTC underlines optimism among investors,» Parth said.

The global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 4% in the last 24 hours. «The release of the U.S. monthly jobs report later today might also negatively impact Bitcoin's value,» Edul added. Meanwhile, other top crypto tokens were also trading lower on Friday. Dogecoin, Solana, BNB and Cardano fell over 3% each, while Tron, Polkadot, and Polugon declined over 4% each.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.05 trillion, rising 0.40% in the last 24 hours. «The crypto market remained stable over the weekend, with the total market capitalization hovering around $1.05 trillion. The upcoming week is anticipated to bring heightened market volatility due to various significant macroeconomic events,» said CoinDCX Research Team. «These events, including US Job Openings, Non-Farm Employment Change, and the Unemployment Rate, are expected to have ripple effects on various assets such as Gold, the Dollar Index, US Equity Markets, and the crypto market,» it added.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 0.41% in the last 24 hours. «Bitcoin has been trading around the $26000 threshold over the weekend. However, the price of Bitcoin and market sentiments have been improving after there was positive commentary from JPMorgan analysts who said that Bitcoin’s downtrend could be ending,» said Edul Patel, CEO and co-founder of Mudrex. «They believe the declining open interest in Bitcoin futures contracts on the Chicago Mercantile Exchange suggests the long liquidation is over. The weekend also saw criticism from crypto Twitter following the U.S. Treasury Department’s new proposal on handling digital asset taxes,» Edul added.

The global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 1.43% in the last 24 hours. Bitcoin (BTC) fell 1.76% to $26,002, whereas its largest peer, Ethereum, declined nearly 2% to below the $ 1,650 level. Other top crypto tokens, BNB (2%), XRP (2.8%), Cardano (3.1%), Dogecoin (2.7%), Solana (5.5%), Polygon (3.5%), and Shiba Inu (3.2%) were also trading lower on Friday. The crypto market has seen minor selling pressure since yesterday. The crypto fear and greed index has seen some correction as it fell by 2 points since yesterday. The index continues to be in the fear zone with a score of 39/100, Parth Chaturvedi, Investments Lead at CoinSwitch Ventures said.

Meanwhile, the global cryptocurrency market cap was trading higher, around $1.07 trillion, up 1.55% in the last 24 hours. Bitcoin (BTC) rose 1.62% to $26,475, whereas its largest peer, Ethereum, surged nearly 2% and regained the $1,650 level. Meanwhile, BTC volume in the last 24 hours stood at approximately $16.09 billion, rising 1.76% in the last 24 hours. «For the market to turn bullish again, a breach of $28,400 resistance by Bitcoin is necessary in the coming weeks. Markets await US Fed Chair Powell’s speech at an annual conference this Friday to determine its direction with clarity on macro-economic trends,» Vikram Subburaj, CEO, Giottus Crypto Platform, said.

Litecoin and Solana were trading with cuts, while Bitcoin, BNB, Tron, and Shiba Inu were trading with gains. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.05 trillion, falling 0.20% in the last 24 hours. Bitcoin dropped to trading around the $25,600 level before consolidating to trading above the $26,000 level. Ethereum has been trading above the $1600 level. Meanwhile, Balancer, One of Ethereum’s top decentralized crypto trading projects, dropped nearly $100 million after discovering a critical vulnerability, said Edul Patel, CEO & Co-Founder of Mudrex. The market cap of Bitcoin, the world's largest cryptocurrency, was around $507 billion. Bitcoin's dominance is currently 48.37%, an increase of 0.13% over the day, according to CoinMarketCap.

With cryptocurrency prices experiencing a downturn and the S&P Global US manufacturing PMI slipping to 47 in August from 49 in July, a surprising supporter for Bitcoin has come forward—U.S. presidential candidate Robert F. Kennedy Jr.

Meanwhile, the global cryptocurrency market cap was trading lower, around $1.15 trillion, falling 1.43% in the last 24 hours. «Bitcoin has been trading above the $29000 level. This might be attributed to the U.S. retail sales report for July, which indicates a growth of 0.7%, surpassing the predicted rise of 0.4%. Additionally, Europe’s First Spot Bitcoin ETF Listed in Amsterdam yesterday,» said Edul Patel, Co-founder and CEO at Mudrex. On Wednesday, the market cap of Bitcoin, the world's largest cryptocurrency, was around $566 billion. Bitcoin's dominance is currently 49.06%, according to CoinMarketCap.

cryptocurrency markets were trading in the red in Monday's trade. Bitcoin (BTC) fell 0.06% to $29,006, whereas Ethereum (ETH) was below the 1,850 level. BTC volume stood at approximately $8.1 billion, rising 26.27% in the last 24 hours. «Bitcoin's price remained calm throughout the weekend, trading in a narrow range of around $29,000. Bitcoin has been less volatile than gold on a 5-day weighted average. Meanwhile, Shiba Inu (SHIB) surged by more than 20% over the weekend. The rally was sparked by news that Binance would be adding SHIB as collateral for flexible loans,» said CoinDCX Research Team. The total volume in DeFi is currently at $2.32 billion, 10.5% of the total crypto market 24-hour volume. The volume of all stablecoins is now $20.33 billion, which is 91.99% of the total crypto market 24-hour volume. Meanwhile, the global cryptocurrency market cap was trading marginally lower, around $1.16 trillion, falling 0.09% in the last 24 hours.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, BNB, Tron, and Shiba Inu were trading with gains, while XRP, Litecoin, Cardano and Polkadot were trading with cuts. «The crypto market has experienced slight selling pressure in the last 24 hours. The crypto greed and fear index is up by 2 points and is currently in the neutral zone with a score of 54/100. The overall market, especially BTC, seems to be rather immune to many macro developments in its current state. The latest example is the rise of jobless claims and treasury rates, which usually triggers a risk-off sentiment amongst investors,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. Bitcoin (BTC) rose 0.55% to $29,180, meanwhile, its largest peer, Ethereum, was also trading higher and stood above the $1,800 level. The total volume in DeFi is currently $2.41 billion, 8.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $27.03 billion, which is 93.14% of the total crypto market 24-hour volume.

cryptocurrency markets were trading lower in Wednesday's trade. Bitcoin (BTC) declined 1.72% to $28,895, whereas Ethereum (ETH) was below the $1,850 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.16 trillion, falling 1.74% in the last 24 hours.

cryptocurrency markets were trading lower in Friday's trade. Bitcoin (BTC) fell 0.70% to $29,190, whereas Ethereum (ETH) was below the $1,900 level. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.18 trillion, falling 0.64% in the last 24 hours. «Bitcoin remained above $29,000 despite the U.S. Federal Reserve's decision to raise the interest rate by 25 basis points (bps). Bitcoin continues to stay within a narrow range between $29,000 and $31,500 for over a month with over 3.4 Mn Bitcoin addresses buying the dip below $30,000,» said, CoinDCX Research Team. Other top crypto tokens, Dogecoin, Solana, Polygon, and Polkadot were also trading lower.

cryptocurrency markets were majorly trading higher on Wednesday. Bitcoin (BTC) rose 0.22% to $29,212, whereas Ethereum (ETH) was just above the 1,850 level. BTC volume stood at approximately $10.78 billion, falling 26.09% in the last 24 hours. «Bitcoin's value remained below the US$29,500 threshold as investors eagerly awaited the U.S. Federal Reserve's decision, scheduled for later today. Although BTC experienced a dip to a one-month low at the beginning of the week, it has been gradually rebounding,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens, XRP, BNB, Dogecoin, and Solana were also trading higher. Meanwhile, the global cryptocurrency market cap was trading higher, around $1.18 trillion, rising 0.40% in the last 24 hours.

cryptocurrency markets were majorly trading lower on Tuesday ahead of the US Federal Reserve's monetary policy decision tomorrow. Bitcoin (BTC) fell 2.24% to $29,120, whereas Ethereum (ETH) was just above the 1,850 level. BTC volume stood at approximately $14.6 billion, rising 45.6% in the last 24 hours. «Bitcoin (BTC) volatility has dipped to its lowest level in a year as investors await the Federal Open Market Committee (FOMC) meeting this week. The 30-day estimate for BTC volatility has fallen to just 0.74%, which is the lowest level since January 16, 2023,» said CoinDCX Research Team. «The FOMC is expected to raise interest rates by 25 basis points this week with an expectation that this may be the last rate hike by the Federal Reserve in the foreseeable future,» it said.

cryptocurrency markets were trading in the red on Monday as the FOMC interest rate decision looms over crypto markets this week. Bitcoin (BTC) declined 0.42% to $29,793, whereas Ethereum (ETH) was below the 1,900 level. BTC volume stood at approximately $10 billion, rising 22.28% in the last 24 hours. «Bitcoin continues to trade below the $30000 mark at around $29780. The price of Bitcoin did not rise about $30000 over the weekend. This recent price decline could be because of the US SEC chair expressing disappointment with the defeat over XRP’s case and increasing selling pressure,» Edul Patel, Co-founder and CEO at Mudrex, said. «There could be little volatility this week as FOMC’s decision on interest-rate policy is due on Wednesday,» Edul added.

The embattled crypto exchange giant Binance completed its quarterly burn of 1.99 million BNB coins worth around $477 million on Wednesday successfully. 

Binance has concluded its public sale of ARKM tokens on behalf of on-chain analytics provider Arkham Intelligence, bringing in almost $2.5 million worth of BNB, the exchange announced Tuesday.

Digital asset payment network, Ripple (XRP) has surged over 60% in the past 24 hours following its partial victory against the Securities and Exchange Commission (SEC), putting an end to the three-year-long suit. 

cryptocurrency markets were majorly trading higher on Wednesday ahead of the key US inflation data, due later in the day. Bitcoin (BTC) rose 0.70% to $30,667, whereas Ethereum (ETH) was above the 1,850 level. BTC volume stood at approximately $11.75 billion, falling 20% in the last 24 hours. «Bitcoin rose above $31,000, underpinned by a bullish forecast from U.K. bank Standard Chartered predicting that bitcoin will reach $50,000 by the end of 2023 and $120,000 by the end of 2024. However, it retraced back to $30,350 as the US June Consumer Price Index (CPI) and the Producer Price Index (PPI) will be released this week, bringing inflation data back into the spotlight,» said CoinDCX Research Team. Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «The CPI (YoY) consensus forecast this time is 3.1% — down from the previous reading of 4%. A lower-than-expected reading can give the entire market an upward push, however, it seems like the market may not be as concerned in case the reading comes out to be more than 3.1%.»

cryptocurrency market was trading higher on Tuesday, with Bitcoin (BTC) rising 1.23% to $30,476, while Ethereum was above the $1,850 level. Meanwhile, BTC volume in the last 24 hours stood at approximately $14.59 billion, rising 66.55% in the last 24 hours. «Bitcoin continues to consolidate above $30,000 with a quick move towards $31,000 earlier today followed by a quick pullback. BTC is likely to make an attempt to reclaim the level again. Breaching key resistance at $32,400 will be the eventual target before a sustained rally is possible,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. «Ether is currently facing resistance at the 20-day exponential moving average ($1,871) while the bulls are attempting to defend the 50-day simple moving average ($1,841). This struggle between buyers and sellers indicates a lack of clear momentum in the market,» said the ZebPay Trade desk.