In October 2024, the global cryptocurrency market liquidity reached about $2.35 trillion, up 0.91% from the previous day, reflecting continued growth supported by favorable economic conditions such as low interest rates in the United States and China, which boosted investor confidence. On the other hand, Binance recorded a cumulative trading volume of more than $100 trillion, confirming its position as the largest global exchange.
Major cryptocurrencies saw mixed performance, with Bitcoin rising by 7.5%, surpassing $68,000, while coins such as Ethereum, Solana, and Terra recorded positive performance. In contrast, the NFT market is facing a continuous decline, with trading volume falling by about 21.2% to $302 million in September, while the total value of liquidity locked (TVL) on decentralized finance (DeFi) platforms increased by 9.6%, reflecting the growing interest in DeFi applications across different networks. Tell us your country ❤️$BTC #BinanceTurns7 #MarketDownturn