Binance Market Update (2024-07-10)

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 $56,903 and $59,470 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $58,521, up by 1.59%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include CTXC, MDX, and 1000SATS, up by 28%, 22%, and 16%, respectively.

Top stories of the day:

• K33 Research Analyst: Seasonal Trends Not Favorable for Bitcoin

• iShares Ethereum Trust ETF Submits New 8-A12B Application To SEC

• Predicted Launch Date for Spot Ethereum ETF Announced

• Federal Reserve Chairman Powell's Speech Does Not Significantly Impact Bitcoin Price

• Evercore ISI Analyst Predicts Possible Rate Cut in September

• US Economy Outperforms Global Peers, Asserts Federal Reserve Chairman

• US Federal Reserve Chairman Indicates Economic Slowdown

• CoinDesk 20 Index Sees Positive Movement, ICP and ETH Lead the Way

• Fed Chair Jerome Powell: Data Insufficient for Rate Cuts Amid Inflation Concerns

• No Transaction Fees Set For Grayscale Mini Ethereum Trust And 21Shares Spot Ethereum ETF

Market movers:

• ETH: $3085.2 (-0.15%)

• BNB: $521.6 (+1.09%)

• SOL: $142.87 (+0.08%)

• XRP: $0.4374 (+0.69%)

• DOGE: $0.10876 (+0.18%)

• ADA: $0.3829 (+2.57%)

• TRX: $0.1299 (+1.03%)

• AVAX: $26.66 (+3.61%)

• SHIB: $0.00001654 (+0.36%)

• WBTC: $58545.81 (+1.51%)

Top gainers on Binance:

• CTXC/USDT (+28%)

• MDX/USDT (+22%)

• 1000SATS/USDT (+16%)