Binance Market Update (2024-07-08)

The global cryptocurrency market cap now stands at $2.07T, down by -10.50% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $54,260 and $58,237 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $57,894, up by 0.35%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ETHFI, 1000SATS, and SAGA, up by 24%, 24%, and 23%, respectively.

Top stories of the day:

• Bitcoin Prepares for Potential Rally Amid Upcoming CPI Data and Ethereum ETF Approval

• Potential Suspicious Activity Detected Related To LW, Users Advised To Stay Alert

• Significant Progress in ETH ETF, SEC Requests Exchange to Amend Application

• Largest Bitcoin Outflow Recorded in 2024, Indicates Bullish Signal

• Germany's Bitcoin Holdings Still Worth $2.2 Billion Despite Recent Sales

• June Cyber Attacks Result in Estimated Loss of $210 Million

• Avalanche TVL Hits $710 Million, NFT Sales Surpass $28.3 Million, Stablecoin Market Value Reaches $1.6 Billion 

• Bitcoin Price Drop to $50,000 Could Trigger $658 Million in Long Order Liquidations on Mainstream CEX 

• BTC Price Plunge Inflicts Severe Blow to Long Position Holders, Says Analyst 

• Monochrome Bitcoin ETF Surpasses $6 Million in Assets Under Management

Market movers:

• ETH: $3070.01 (+1.74%)

• BNB: $517.9 (+1.01%)

• SOL: $140.99 (+0.48%)

• XRP: $0.4358 (-0.62%)

• DOGE: $0.10984 (-0.89%)

• ADA: $0.3769 (+2.45%)

• TRX: $0.12589 (-3.31%)

• AVAX: $26.96 (+1.28%)

• SHIB: $0.00001686 (+2.12%)

• DOT: $6.219 (-0.45%)

Top gainers on Binance:

• ETHFI/USDT (+24%)

• 1000SATS/USDT (+24%)

• SAGA/USDT (+23%)