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Is investing in classic stocks always safer than defi? Not exactly | Opinion
In 2011, a 9.1 magnitude earthquake struck the seafloor of Japan, causing a massively destructive tsunami. In the following days, Japan’s Nikkei stock market fell by 6.2%, reflecting the market’s reaction to an unprecedented disaster.
Thirteen years later, cryptocurrencies, which have surged in popularity, face criticism for their extreme short-term fluctuations, often perceived as even more volatile than traditional stocks. While this volatility can appeal to some risk-tolerant investors seeking high rewards, it represents a red flag for more loss-averse, conservative traders.
However, as outlined above, the situation with the Nikkei highlights a shifting narrative. Increasing economic uncertainties and market disruptions have led to a heightened price variability in stock markets, sometimes rivaling that of cryptocurrencies.
For instance, since the beginning of August, the Japanese stock market experienced its biggest one-day drop since 1987, with the US also seeing the Dow Jones fall by more than 1,000 points. These significant declines highlight the growing unpredictability in mainstream markets, reflecting broader economic uncertainties and market disruptions.
Now, investors are left questioning: Are the volatility risks associated with defi truly worse than those associated with traditional investing?
Historically, classic investing options like purchasing real estate or stocks and bonds have been viewed as a cornerstone of a stable financial plan and are often considered less volatile than cryptocurrencies due to their backing by tangible assets and earnings of the companies they represent. Yet, the recent trends in global markets suggest this stability is being questioned.
In 2011, a 9.1 magnitude earthquake struck the seafloor of Japan, causing a massively destructive tsunami. In the following days, Japan’s Nikkei stock market fell by 6.2%, reflecting the market’s reaction to an unprecedented disaster.
Thirteen years later, cryptocurrencies, which have surged in popularity, face criticism for their extreme short-term fluctuations, often perceived as even more volatile than traditional stocks. While this volatility can appeal to some risk-tolerant investors seeking high rewards, it represents a red flag for more loss-averse, conservative traders.
However, as outlined above, the situation with the Nikkei highlights a shifting narrative. Increasing economic uncertainties and market disruptions have led to a heightened price variability in stock markets, sometimes rivaling that of cryptocurrencies.
For instance, since the beginning of August, the Japanese stock market experienced its biggest one-day drop since 1987, with the US also seeing the Dow Jones fall by more than 1,000 points. These significant declines highlight the growing unpredictability in mainstream markets, reflecting broader economic uncertainties and market disruptions.
Now, investors are left questioning: Are the volatility risks associated with defi truly worse than those associated with traditional investing?
Historically, classic investing options like purchasing real estate or stocks and bonds have been viewed as a cornerstone of a stable financial plan and are often considered less volatile than cryptocurrencies due to their backing by tangible assets and earnings of the companies they represent. Yet, the recent trends in global markets suggest this stability is being questioned.
CRYPTO NEWS
Santa Monica ‘Bitcoin Office’ webpage goes live
The city of Santa Monica, California officially added a “Bitcoin Office” section on its website to bolster industry partnerships and increase employment opportunities.
The move comes about a month after the Santa Monica City Council unanimously approved a pilot program for the Santa Monica Bitcoin btc0.23%Bitcoin Office.
The initiative is being implemented at no cost to the city, officials say.
Following the approval of The City Council, Santa Monica unveiled the new section on its website on Thursday, Aug. 8.
The city’s administration is reportedly collaborating with the Proof of Workforce Foundation to educate Santa Monica-based residents and businesses about BTC and its transformative potential in the modern economy.
The Proof of Workforce Foundation is a nonprofit organization dedicated to bridging the gap between emerging digital technologies and local communities. The foundation, created in 2023, plans to equip individuals with the skills needed for the evolving job market and driving economic growth in Santa Monica.
Beyond its educational mandate, the Bitcoin Office aims to foster partnerships within the Bitcoin industry to bolster Santa Monica’s economic recovery and create new job opportunities.
#CryptoNewss
#TONonBinance
#BlackRockETHOptions
#MtGoxJulyRepayments
Santa Monica ‘Bitcoin Office’ webpage goes live
The city of Santa Monica, California officially added a “Bitcoin Office” section on its website to bolster industry partnerships and increase employment opportunities.
The move comes about a month after the Santa Monica City Council unanimously approved a pilot program for the Santa Monica Bitcoin btc0.23%Bitcoin Office.
The initiative is being implemented at no cost to the city, officials say.
Following the approval of The City Council, Santa Monica unveiled the new section on its website on Thursday, Aug. 8.
The city’s administration is reportedly collaborating with the Proof of Workforce Foundation to educate Santa Monica-based residents and businesses about BTC and its transformative potential in the modern economy.
The Proof of Workforce Foundation is a nonprofit organization dedicated to bridging the gap between emerging digital technologies and local communities. The foundation, created in 2023, plans to equip individuals with the skills needed for the evolving job market and driving economic growth in Santa Monica.
Beyond its educational mandate, the Bitcoin Office aims to foster partnerships within the Bitcoin industry to bolster Santa Monica’s economic recovery and create new job opportunities.
#CryptoNewss
#TONonBinance
#BlackRockETHOptions
#MtGoxJulyRepayments
New level of confrontation: The US, Russia step up the crypto race
Mining has been officially legalized in Russia, while the U.S. is preparing to become the crypto capital of the world. What’s going on between the two countries in the crypto arena?
On Aug. 8, Russian President Vladimir Putin signed a law allowing the legalization of crypto mining. Except for specific paragraphs, the document will come into force on Nov. 1. In addition, the president signed a law allowing foreign trade settlements and exchange trading in crypto as experimental legal regimes from Sep. 1.
The U.S. is closely monitoring Russia’s attempts to use cryptocurrencies
Amid the tightening of sanctions since 2022, Russian businesses are experiencing severe problems with payments for foreign trade transactions. In this regard, the country has raised the issue of using digital currencies.
In 2023, the Central Bank Chair, Elvira Nabiullina, allowed the use of cryptocurrency in external settlements as an experiment. In March 2024, Putin signed a law on using digital financial assets.
According to Bloomberg, two large Russian metallurgical companies began using the Tether usdt-0.01%Tether stablecoin and some other cryptocurrencies for settlements, mainly with Chinese clients and suppliers, at the end of May:
Mining has been officially legalized in Russia, while the U.S. is preparing to become the crypto capital of the world. What’s going on between the two countries in the crypto arena?
On Aug. 8, Russian President Vladimir Putin signed a law allowing the legalization of crypto mining. Except for specific paragraphs, the document will come into force on Nov. 1. In addition, the president signed a law allowing foreign trade settlements and exchange trading in crypto as experimental legal regimes from Sep. 1.
The U.S. is closely monitoring Russia’s attempts to use cryptocurrencies
Amid the tightening of sanctions since 2022, Russian businesses are experiencing severe problems with payments for foreign trade transactions. In this regard, the country has raised the issue of using digital currencies.
In 2023, the Central Bank Chair, Elvira Nabiullina, allowed the use of cryptocurrency in external settlements as an experiment. In March 2024, Putin signed a law on using digital financial assets.
According to Bloomberg, two large Russian metallurgical companies began using the Tether usdt-0.01%Tether stablecoin and some other cryptocurrencies for settlements, mainly with Chinese clients and suppliers, at the end of May:
Crypto trading volume jumps 19% for first time in four months: CCData
Crypto trading volume surged 19% in July, hitting $4.94 trillion, marking its first increase in four months, according to CCData.
In July, global crypto trading volumes on centralized exchanges rose 19% to $4.94 trillion, marking the first increase in four months, per CCData latest research report. The firm attributes the surge in volume to the launch of spot Ethereum exchange-traded funds in the U.S. and positive sentiment expressed by U.S. political figures at the Bitcoin conference in Nashville, Texas.
The report indicates that both spot and derivatives trading volumes on centralized exchanges saw significant growth, with spot trading volumes rising 14.3% to $1.44 trillion and derivatives trading volumes increasing by 21% to $3.50 trillion. The share of the derivatives market climbed to 70.9%, the highest level since December 2023.
CCData says Bybit emerged as a top performer in July, with its spot trading volume increasing by nearly 23% to $132 billion, the third-highest monthly volume in the exchange’s history. This boost in trading activity helped Bybit achieve a record market share of 9.18%, cementing its position as the second-largest spot exchange.
Despite this, Binance retained its position as the largest spot exchange with a market share of 28.1%, though this represents a decline of 4.9% from the previous month, the report reads.
In the derivatives market, Binance also maintained its dominance with a 43.5% market share, followed by OKX at 19% and Bybit at 15.1%. The report also highlights a significant spike in volatility in early August, which led to the second-highest daily spot trading volume since May 2021, a time when China’s ban on Bitcoin btc-0.81%Bitcoin mining disrupted global markets.
#TONonBinance
#XRPVictory
#MarketDownturn
#SahmRule
Crypto trading volume surged 19% in July, hitting $4.94 trillion, marking its first increase in four months, according to CCData.
In July, global crypto trading volumes on centralized exchanges rose 19% to $4.94 trillion, marking the first increase in four months, per CCData latest research report. The firm attributes the surge in volume to the launch of spot Ethereum exchange-traded funds in the U.S. and positive sentiment expressed by U.S. political figures at the Bitcoin conference in Nashville, Texas.
The report indicates that both spot and derivatives trading volumes on centralized exchanges saw significant growth, with spot trading volumes rising 14.3% to $1.44 trillion and derivatives trading volumes increasing by 21% to $3.50 trillion. The share of the derivatives market climbed to 70.9%, the highest level since December 2023.
CCData says Bybit emerged as a top performer in July, with its spot trading volume increasing by nearly 23% to $132 billion, the third-highest monthly volume in the exchange’s history. This boost in trading activity helped Bybit achieve a record market share of 9.18%, cementing its position as the second-largest spot exchange.
Despite this, Binance retained its position as the largest spot exchange with a market share of 28.1%, though this represents a decline of 4.9% from the previous month, the report reads.
In the derivatives market, Binance also maintained its dominance with a 43.5% market share, followed by OKX at 19% and Bybit at 15.1%. The report also highlights a significant spike in volatility in early August, which led to the second-highest daily spot trading volume since May 2021, a time when China’s ban on Bitcoin btc-0.81%Bitcoin mining disrupted global markets.
#TONonBinance
#XRPVictory
#MarketDownturn
#SahmRule
Analyst: Morgan Stanley’s Bitcoin ETFs are ‘last taboo’ to adoption
Morgan Stanley, the largest wealth management firm in the U.S., has authorized its 15,000 financial advisors to recommend Bitcoin exchange-traded funds to select clients.
As of Aug. 7, advisors can now offer BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients with a net worth of at least $1.5 million and a high-risk tolerance.
As one expert noted, this decision could drive more widespread adoption of Bitcoin btc-0.74%Bitcoin in the coming months.
“This is the last taboo…with Morgan Stanley giving their wealth advisors the greenlight to allocate to Bitcoin ETFs it’s just a matter of time before it gains traction,” said CNBC reporters in reference to the new influx of advisor funds.
The move shows increasing acceptance of crypto by major financial institutions, signaling the potential for broader integration into traditional portfolios.
Bitcoin ETFs
Morgan Stanley’s decision reflects growing client demand for digital assets despite the ongoing skepticism from other major financial institutions like Goldman Sachs and JPMorgan, which restrict their advisors from proactively offering Bitcoin ETFs.
While Morgan Stanley is taking a cautious approach, allowing only specific clients access to these ETFs, experts believe this could pave the way for broader adoption.
The SEC’s recent approval of 11 spot Bitcoin ETFs could mark the beginning of a new phase in Bitcoin’s integration into traditional investment portfolios.
Morgan Stanley, the largest wealth management firm in the U.S., has authorized its 15,000 financial advisors to recommend Bitcoin exchange-traded funds to select clients.
As of Aug. 7, advisors can now offer BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to clients with a net worth of at least $1.5 million and a high-risk tolerance.
As one expert noted, this decision could drive more widespread adoption of Bitcoin btc-0.74%Bitcoin in the coming months.
“This is the last taboo…with Morgan Stanley giving their wealth advisors the greenlight to allocate to Bitcoin ETFs it’s just a matter of time before it gains traction,” said CNBC reporters in reference to the new influx of advisor funds.
The move shows increasing acceptance of crypto by major financial institutions, signaling the potential for broader integration into traditional portfolios.
Bitcoin ETFs
Morgan Stanley’s decision reflects growing client demand for digital assets despite the ongoing skepticism from other major financial institutions like Goldman Sachs and JPMorgan, which restrict their advisors from proactively offering Bitcoin ETFs.
While Morgan Stanley is taking a cautious approach, allowing only specific clients access to these ETFs, experts believe this could pave the way for broader adoption.
The SEC’s recent approval of 11 spot Bitcoin ETFs could mark the beginning of a new phase in Bitcoin’s integration into traditional investment portfolios.
#MarketSentimentToday
Japanese firm Metaplanet secures $6.8m loan to bolster Bitcoin holdings
Japanese investment firm Metaplanet has secured a 1 billion yen loan, the entire amount of which will be used to buy Bitcoin (BTC).
Details Metaplanet shared in an Aug. 8 post on X show that the lender is MMXX Ventures, which itself holds shares in Metaplanet. The loan term will run for six months starting Aug. 8 and will attract an interest rate of 0.1% per annum .
The Tokyo Exchange-listed company is expected to repay the collateral-free loan in one lump sum after the loan period elapses.
Were Metaplanet to buy Bitcoin btc5.9%Bitcoin right now, the loan amount, which amounts to $6.8 million at current exchange rates, could get it about 119 BTC, with one BTC currently priced at $57,170.
Metaplanet’s announcement comes only days after the investment company said it intended to raise $70 million through a stock rights offerings, with more than 80% of that amount earmarked for buying Bitcoin.
Japanese firm Metaplanet secures $6.8m loan to bolster Bitcoin holdings
Japanese investment firm Metaplanet has secured a 1 billion yen loan, the entire amount of which will be used to buy Bitcoin (BTC).
Details Metaplanet shared in an Aug. 8 post on X show that the lender is MMXX Ventures, which itself holds shares in Metaplanet. The loan term will run for six months starting Aug. 8 and will attract an interest rate of 0.1% per annum .
The Tokyo Exchange-listed company is expected to repay the collateral-free loan in one lump sum after the loan period elapses.
Were Metaplanet to buy Bitcoin btc5.9%Bitcoin right now, the loan amount, which amounts to $6.8 million at current exchange rates, could get it about 119 BTC, with one BTC currently priced at $57,170.
Metaplanet’s announcement comes only days after the investment company said it intended to raise $70 million through a stock rights offerings, with more than 80% of that amount earmarked for buying Bitcoin.
#MarketSentimentToday
The cryptocurrency market is always full of surprises, and today's landscape is no exception. Here's what's catching the eye:
Bitcoin's Resilience: Despite fluctuations and recent market downturns, Bitcoin remains a key player. It has shown remarkable resilience, holding its ground above key support levels even amid economic uncertainties and regulatory challenges. Many analysts are watching closely to see if Bitcoin will make another bullish run or if it will face further corrections.
Altcoin Gains: Some altcoins have seen significant gains today, capturing investor attention. Coins like TRON (TRX) and Cosmos (ATOM) have shown positive movement, benefiting from developments within their respective ecosystems and increased adoption.
Regulatory Landscape: The ongoing global regulatory scrutiny continues to shape the market's behavior. Recent developments in major markets like the U.S. and the EU are influencing trading volumes and investor sentiment. These regulations could either open new doors for institutional investments or create hurdles for the crypto community.
NFTs and DeFi: The intersection of NFTs (Non-Fungible Tokens) and DeFi (Decentralized Finance) continues to be an area of innovation. Projects combining these two sectors are gaining traction, offering new opportunities for both creators and investors.
Investor Sentiment: Market sentiment is mixed, with some traders cautiously optimistic about short-term gains while others remain wary of potential downturns. This sentiment is reflected in the trading volumes and the oscillating prices of major cryptocurrencies.
#TONonBinance
#XRPVictory
#MarketDownturn
The cryptocurrency market is always full of surprises, and today's landscape is no exception. Here's what's catching the eye:
Bitcoin's Resilience: Despite fluctuations and recent market downturns, Bitcoin remains a key player. It has shown remarkable resilience, holding its ground above key support levels even amid economic uncertainties and regulatory challenges. Many analysts are watching closely to see if Bitcoin will make another bullish run or if it will face further corrections.
Altcoin Gains: Some altcoins have seen significant gains today, capturing investor attention. Coins like TRON (TRX) and Cosmos (ATOM) have shown positive movement, benefiting from developments within their respective ecosystems and increased adoption.
Regulatory Landscape: The ongoing global regulatory scrutiny continues to shape the market's behavior. Recent developments in major markets like the U.S. and the EU are influencing trading volumes and investor sentiment. These regulations could either open new doors for institutional investments or create hurdles for the crypto community.
NFTs and DeFi: The intersection of NFTs (Non-Fungible Tokens) and DeFi (Decentralized Finance) continues to be an area of innovation. Projects combining these two sectors are gaining traction, offering new opportunities for both creators and investors.
Investor Sentiment: Market sentiment is mixed, with some traders cautiously optimistic about short-term gains while others remain wary of potential downturns. This sentiment is reflected in the trading volumes and the oscillating prices of major cryptocurrencies.
#TONonBinance
#XRPVictory
#MarketDownturn
#Bitcoin is once again above the significant resistance zone at $59,000. We've had a breakout with a high-volume daily candle. If it successfully surpasses this resistance, it could retest the upper resistance zone in the $67,500 - $72,500 range. However, if it pulls back from this resistance, there is a risk of the price dropping back to the $53,000 level, or even down to the lower support at $49,137.24. Overall, $BTC is currently in a critical area, and we'll be closely monitoring the price action at these levels to determine its direction.
#TONonBinance
#XRPVictory
#MarketDownturn
#BullishvsBearish
#TONonBinance
#XRPVictory
#MarketDownturn
#BullishvsBearish
#MarketSentimentToday
Bitcoin price could rise if this rare pattern works, says Peter Brandt
In an X post, Peter Brandt, a popular analyst with over 700,000 followers, noted that Bitcoin
Bitcoin
btc6.55%Bitcoin had formed a bullish chart pattern. He pointed to the inverted right-angled broadening triangle, which was coined by Richard Schabacker in 1934.
This pattern, often described as the falling broadening wedge, typically leads to a strong bullish breakout over time.
It occurs when an asset forms two descending trendlines as shown below. In this case, the upper side of the wedge was formed by connecting the highest points in March, May, June, and July. The lower side connected the lowest levels in those months.
This pattern has worked well before, with the most notable period being in the first quarter of 2020 as the Covid-19 pandemic started to spread at an alarming rate worldwide.
Bitcoin price could rise if this rare pattern works, says Peter Brandt
In an X post, Peter Brandt, a popular analyst with over 700,000 followers, noted that Bitcoin
Bitcoin
btc6.55%Bitcoin had formed a bullish chart pattern. He pointed to the inverted right-angled broadening triangle, which was coined by Richard Schabacker in 1934.
This pattern, often described as the falling broadening wedge, typically leads to a strong bullish breakout over time.
It occurs when an asset forms two descending trendlines as shown below. In this case, the upper side of the wedge was formed by connecting the highest points in March, May, June, and July. The lower side connected the lowest levels in those months.
This pattern has worked well before, with the most notable period being in the first quarter of 2020 as the Covid-19 pandemic started to spread at an alarming rate worldwide.
#MarketSentimentToday
The live price of Bitcoin is $ 61,216.83 per (BTC / USD) with a current market cap of $ 1,208.26B USD. 24-hour trading volume is $ 42.94B USD. BTC to USD price is updated in real-time. Bitcoin is +7.13% in the last 24 hours with a circulating supply of 19.74M.
The live price of Bitcoin is $ 61,216.83 per (BTC / USD) with a current market cap of $ 1,208.26B USD. 24-hour trading volume is $ 42.94B USD. BTC to USD price is updated in real-time. Bitcoin is +7.13% in the last 24 hours with a circulating supply of 19.74M.
#MarketSentimentToday
#BullishvsBearish
#BTCpredictions
#Vote
Several indicators suggest that BTC could see upward momentum in the coming days. Historically, August has been a strong month for Bitcoin, and with positive news around institutional adoption and increasing on-chain activity, there's a good chance we could see BTC break through resistance levels. The Relative Strength Index (RSI) is also hovering around neutral, leaving room for an upward push.
Given the current market conditions, I lean slightly bullish for the short term. However, it's crucial to monitor key support and resistance levels closely, as any significant move could set the tone for BTC's direction leading up to the campaign's conclusion on August 14.
What do you think? Are you bullish or bearish on BTC? Let’s discuss!
#BullishvsBearish
#BTCpredictions
#Vote
Several indicators suggest that BTC could see upward momentum in the coming days. Historically, August has been a strong month for Bitcoin, and with positive news around institutional adoption and increasing on-chain activity, there's a good chance we could see BTC break through resistance levels. The Relative Strength Index (RSI) is also hovering around neutral, leaving room for an upward push.
Given the current market conditions, I lean slightly bullish for the short term. However, it's crucial to monitor key support and resistance levels closely, as any significant move could set the tone for BTC's direction leading up to the campaign's conclusion on August 14.
What do you think? Are you bullish or bearish on BTC? Let’s discuss!
Analysts see XRP recovering strongly after dip; SHIB holders hedge with Rollblock
Crypto market slumps with billions lost in 24 hours. Ripple and Shiba Inu drop while investors seek refuge in resilient DeFi casino Rollblock.
Crypto is in a sea of red, with billions wiped out from the total market cap in 24 hours. Ripple and Shiba Inu have seen double-digit drops during this timeframe. Meanwhile, investors are mitigating their losses by investing in a crypto underdog showing resilience in the current market climate: DeFi casino Rollblock.
Ripple sees a vertical descent, long-term forecasts remain bullish
Right now, Ripple is priced at $0.502, a steep 19% correction from the $0.65 local top. Despite its strong performance in the past month, Ripple has been hit particularly hard during this downturn.
In the past few hours, the news broke that Ripple could be facing a new lawsuit. This comes after the announcement of the Ripple stablecoin RLUSD. Despite all this, analysts remain confident in Ripple’s future and expect a new peak in Q4 when the market finds its footing again.
Shiba Inu is bracing for impact
Shiba Inu just confirmed a death cross signal on the lower time frames. A 17% correction shortly followed and turbulence is only expected to increase for Shiba Inu.
Shiba Inu is currently priced at $0.000011, and it’s heading towards the $0.000009 support level at a quick pace. On-chain analysis shows that whales have been offloading significant amounts of Shiba Inu at the higher levels of the current range. Shiba Inu is still one of the biggest memecoins on the market, but like all memecoins, Shiba Inu is very susceptible to market volatility.
Rollblock Is one of the few safe havens in a sea of red
Rollblock’s native token RBLK has shown impressive strength during this crypto collapse. Over the last 24 hours its price reached a new all-time high of $0.02, and the ongoing presale has crossed $2 million in raised funds.
Crypto market slumps with billions lost in 24 hours. Ripple and Shiba Inu drop while investors seek refuge in resilient DeFi casino Rollblock.
Crypto is in a sea of red, with billions wiped out from the total market cap in 24 hours. Ripple and Shiba Inu have seen double-digit drops during this timeframe. Meanwhile, investors are mitigating their losses by investing in a crypto underdog showing resilience in the current market climate: DeFi casino Rollblock.
Ripple sees a vertical descent, long-term forecasts remain bullish
Right now, Ripple is priced at $0.502, a steep 19% correction from the $0.65 local top. Despite its strong performance in the past month, Ripple has been hit particularly hard during this downturn.
In the past few hours, the news broke that Ripple could be facing a new lawsuit. This comes after the announcement of the Ripple stablecoin RLUSD. Despite all this, analysts remain confident in Ripple’s future and expect a new peak in Q4 when the market finds its footing again.
Shiba Inu is bracing for impact
Shiba Inu just confirmed a death cross signal on the lower time frames. A 17% correction shortly followed and turbulence is only expected to increase for Shiba Inu.
Shiba Inu is currently priced at $0.000011, and it’s heading towards the $0.000009 support level at a quick pace. On-chain analysis shows that whales have been offloading significant amounts of Shiba Inu at the higher levels of the current range. Shiba Inu is still one of the biggest memecoins on the market, but like all memecoins, Shiba Inu is very susceptible to market volatility.
Rollblock Is one of the few safe havens in a sea of red
Rollblock’s native token RBLK has shown impressive strength during this crypto collapse. Over the last 24 hours its price reached a new all-time high of $0.02, and the ongoing presale has crossed $2 million in raised funds.
#MarketDownturn
Binance Sees $1.2B Net Inflow Amid Market Downturn
According to DefiLlama, Binance reported a remarkable net inflow of US$1.2 billion within the past 24 hours.
This substantial inflow marks one of the highest single-day net inflows of 2024. Let’s explore more about Binance.
Record Inflow Highlights Investor Confidence in Binance
It underscores strong investor confidence in Binance and the broader cryptocurrency market despite recent volatility. The significant net inflow signals that investors are viewing the current market conditions as a buying opportunity, rather than a cause for alarm. This perspective is bolstered by Binance’s resilience and ability to maintain its leading position in the cryptocurrency exchange space. The influx of capital suggests that investors are placing their trust in Binance’s robustness to navigate through turbulent market conditions.
High trading volumes are often indicative of increased market activity and investor engagement. This can contribute to price stabilization and eventual recovery. The surge in trading activity on Binance highlights the exchange’s importance as a hub for crypto trading. Also, its ability to attract significant liquidity even during periods of market stress.
#XRPVictory
#Write2Earn!
#BinanceTurns7
Binance Sees $1.2B Net Inflow Amid Market Downturn
According to DefiLlama, Binance reported a remarkable net inflow of US$1.2 billion within the past 24 hours.
This substantial inflow marks one of the highest single-day net inflows of 2024. Let’s explore more about Binance.
Record Inflow Highlights Investor Confidence in Binance
It underscores strong investor confidence in Binance and the broader cryptocurrency market despite recent volatility. The significant net inflow signals that investors are viewing the current market conditions as a buying opportunity, rather than a cause for alarm. This perspective is bolstered by Binance’s resilience and ability to maintain its leading position in the cryptocurrency exchange space. The influx of capital suggests that investors are placing their trust in Binance’s robustness to navigate through turbulent market conditions.
High trading volumes are often indicative of increased market activity and investor engagement. This can contribute to price stabilization and eventual recovery. The surge in trading activity on Binance highlights the exchange’s importance as a hub for crypto trading. Also, its ability to attract significant liquidity even during periods of market stress.
#XRPVictory
#Write2Earn!
#BinanceTurns7
#MarketDownturn
As of today, some of the top gainers on Binance and other cryptocurrency platforms include a variety of altcoins that have seen significant price increases in the last 24 hours.
SaitaChain Coin (STC) has seen an increase of 6.9%, trading at around $0.001446.BFG Token (BFG) is up by 6.7%, priced at $0.02256.TRON (TRX) increased by 1.28%, with a trading price of $0.1257.Cosmos (ATOM) saw a rise of 0.91%, trading at $5.01.Ethereum Classic (ETC) went up by 0.85%, priced at $18.59.
These cryptocurrencies have shown notable performance in the market, making them attractive options for investors looking to capitalize on short-term gains. For detailed and up-to-date information, you can always check the latest statistics on platforms like CoinMarketCap, CoinGecko, and Binance.
Sources:
CoinMarketCapCoinGecko
#Write2Earn!
#writetowin
#XRPVictory
As of today, some of the top gainers on Binance and other cryptocurrency platforms include a variety of altcoins that have seen significant price increases in the last 24 hours.
SaitaChain Coin (STC) has seen an increase of 6.9%, trading at around $0.001446.BFG Token (BFG) is up by 6.7%, priced at $0.02256.TRON (TRX) increased by 1.28%, with a trading price of $0.1257.Cosmos (ATOM) saw a rise of 0.91%, trading at $5.01.Ethereum Classic (ETC) went up by 0.85%, priced at $18.59.
These cryptocurrencies have shown notable performance in the market, making them attractive options for investors looking to capitalize on short-term gains. For detailed and up-to-date information, you can always check the latest statistics on platforms like CoinMarketCap, CoinGecko, and Binance.
Sources:
CoinMarketCapCoinGecko
#Write2Earn!
#writetowin
#XRPVictory
