January 20, 2024

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MARKET ANALYSIS:

Market Cap: $1.64 Trillion

24h Volume: $59.75 Billion

BTC Dominance: 49.8%

ETH Dominance: 18.2%

BINANCE ANALYSIS (USDT pairs):

Top Gainers

1. API3: +67%

2. UMA: +29%

3. PROS: +21%

Top Losers

1. STRAX: -14%

2. XEM: -13.5%

3. AUCTION: -8.5%

BINANCE FUTURES:

Top Gainers

1. API3USDT: +61%

2. UMAUSDT: +42%

Top Losers

1. STRAXUSDT: -14%

2. XEMUSDT: -13%

LARGEST VOLUME (24h)

1. BTC/USDT ($23.88B)

2. ETH/USDT ($10.54B)

DAILY OUTLOOK

API3, UMA, and PROS have emerged as the leading gainers in the market. BTC experienced a rebound after triggering stops below the previous low, accompanied by a significant surge in trading volume.

However, it's noteworthy that the CME gap remains unfilled, introducing an element of uncertainty. The potential for a continuation of the bullish momentum exists, either directly from the current levels or following the filling of the CME gap.

It is advisable to exercise caution until the market exhibits a clear and decisive direction. Stay vigilant and monitor developments closely before making any significant moves in this dynamic market environment.#binancemarket #marketanalysis #TrendingTopic #BTC #Launchpool $BTC