Binance Market Update (2024-07-09)

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 $54,800 and $57,910 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $57,606, down by -0.52%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ZEN, BONK, and MDX, up by 23%, 12%, and 11%, respectively.

Top stories of the day:

• Australia's Largest Stock Exchange Approves Second Spot Bitcoin ETF

• VanEck Research Director Predicts: Over $60 Trillion Could Flow Into Cryptocurrency Over The Next 20 Years

• Coin98 Analytics Report: opBNB Tops in Total Transactions, Base Leads in New Address Creation

• Federal Reserve Anticipated To Begin Major Rate Cuts In Coming Months

• Argentina Records Highest Cryptocurrency Adoption Amid 276% Inflation Rate

• BUIDL Becomes First Tokenized Government Bond Fund to Reach $502.8 Million Market Cap

• Cboe Submits Application To List VanEck Solana ETF

• US Stock Market Likely to Experience a Setback, Says Morgan Stanley Strategist

• German Government Transfers Additional BTC to Exchanges and Market Makers

• CoinDesk 20 Index Shows Positive Market Movement

Market movers:

• ETH: $3089.6 (+0.64%)

• BNB: $516.1 (-0.33%)

• SOL: $142.75 (+1.25%)

• XRP: $0.4344 (-0.34%)

• DOGE: $0.10857 (-1.20%)

• ADA: $0.3732 (-1.06%)

• TRX: $0.12857 (+2.12%)

• AVAX: $25.74 (-4.56%)

• SHIB: $0.00001648 (-2.37%)

• WBTC: $57675.41 (-0.33%)

Top gainers on Binance:

• ZEN/USDT (+23%)

• BONK/USDT (+12%)

• MDX/USDT (+11%)