Binance Market Update (2024-11-08)

The global cryptocurrency market cap now stands at $2.46T, up by 0.20% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $74,512 and $76,850 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $76,000, up by 1.21%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PROS, JTO, and ADA, up by 43%, 22%, and 15%, respectively.

Top stories of the day:

• Fed Cuts Rates by 25 Basis Points; Bitcoin Hits New Record High as Powell Dismisses Trump’s Win Impact on Policy

• Bitcoin News: Trump Victory Could Propel Bitcoin to $100K by End of 2024

• Bitcoin's New All-Time High of $76.8K Signals Potential for Further Gains

• Trump’s Election Win Could Accelerate First Staked Ether ETF, Boosting Ethereum Price Prospects

• Bitcoin Whales Acquire $142M BTC Following Trump’s Election Win, Fueling Bullish Market Sentiment

• Fed Chair Powell States He Will Not Resign If Asked

• Inflation Concerns Arise Amid Policy Announcements

• Federal Reserve Rate Cut Boosts Bitcoin Amid Trump Election Win

• Federal Reserve Chair Powell Highlights Strong Economic Performance

• U.S. Stock Market Rises Following Federal Reserve Rate Cut

• Bitcoin News: Bitcoin Poised for Parabolic Rally with Weekly Close Above $71.5K

• Federal Reserve Reports Progress Toward Inflation Target

• Federal Reserve Lowers Interest Rates for Second Consecutive Time

• Dollar Index Rises Following Federal Reserve Rate Decision

• Goldman Sachs Predicts Limited Guidance from Federal Reserve Meeting

• Former Alameda Research CEO Caroline Ellison to Begin Two-Year Prison Sentence

• Impact of 2024 US Elections on Crypto Market: Trump’s Policies and Industry Outlook

• Ethereum Positioned for ‘Monster Rally’ as Price Nears $2,900 Amid Growing Adoption

• Binance Publishes 24th Proof of Reserves: BTC Holdings Up by 2.09%, ETH Up by 6.20%

• Binance’s Proof of Reserves Hits Two Years, Backed by $120B in 34 Assets

• Ethereum News: Ethereum ETF Inflows Hit Six-Week High as ETH Price Rises 10%

• Why Ethereum (ETH) Price is Up Today: Key Factors Fueling the Rally Toward $3,600

Market movers:

• ETH: $2912.86 (+3.10%)

• SOL: $201.91 (+7.34%)

• BNB: $596.45 (+0.31%)

• XRP: $0.5494 (-0.85%)

• DOGE: $0.19856 (+3.54%)

• ADA: $0.4266 (+14.77%)

• TRX: $0.161 (+0.06%)

• TON: $4.868 (+0.19%)

• AVAX: $27.74 (+3.08%)

• SHIB: $0.00001912 (+2.08%)

Top gainers on Binance:

• PROS/USDT (+43%)

• JTO/USDT (+22%)

• ADA/USDT (+15%)