Binance Blog publishes the latest article, exploring the latest trends and analyzing the key developments in the cryptocurrency market for November 2024. The market capitalization of cryptocurrencies has soared to a record $3.47 trillion, primarily driven by Bitcoin's price surpassing $100,000 and institutional participation. The resignation of SEC Chairman Gary Gensler has sparked speculation about potential regulatory reforms favorable to digital assets. BTC and ETH spot ETFs have set records for inflows, driving net inflows of over $30 billion and $577 million, respectively. Solana has surpassed Ethereum in daily fees, while Ethereum has regained dominance in USDT liquidity. The DeFi and NFT markets have also shown strong performance, reflecting optimism in the Web3 ecosystem.

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