Cryptocurrencies started the week strong, shrugging off their recent corrective period with bitcoin once again trading near its 2021 peak prices. Bitcoin {{BTC}} surged past $69,000 Monday during early U.S. trading hours, surpassing the level for the first time in ten days and gaining over 5% through the past 24 hours. Ether {{ETH}} was also up 4% during the same period, while tokens of major layer 1 networks Solana {{SOL}} and Avalanche {{AVAX}} advanced nearly 10%. The rally extended to virtually all digital assets, with all constituents of the broad-market CoinDesk 20 Index (CD20) being in the green and the gauge up 4.5% on the day. The sudden resurgence liquidated $195 million of leveraged derivatives positions across all crypto assets, some $129 million of them being short positions seeking to profit from lower prices, CoinGlass data shows. Bitcoin short liquidations reached $53 million, less than the average daily figure of the recent period.
The amount of short liquidations was below with the average, suggesting that there weren't many market participants betting with leverage on continued weakness.
Earn Wednesday: New Limited-Time Offers Available Now! (2024-03-20)
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance Earn presents to you new offers that will launch each Wednesday. Stay tuned for Earn Wednesday to get rewards across Simple Earn, BNB Vault, ETH Staking, Dual Investment and more. [Trending Limited-Time Offers] ProductOfferingsDurationAPRMin. Subscription Limit per UserMax. Subscription Limit per User Flexible ProductsUSDTFlexibleReal-Time APR(Approx. 13%)0.1 USDTUnlimitedUSDCFlexibleReal-Time APR(Approx. 13%)0.1 USDCUnlimitedSXPFlexibleReal-Time APR(Approx. 2.5%)1 SXPUnlimitedBCHFlexibleReal-Time APR(Approx. 3%)0.01 BCHUnlimitedLocked ProductsBNB120 Days3.5%+Launchpool rewards (where applicable)0.001 BNB20 BNBSOL120 Days8.1%0.01 SOL60 SOLNEAR120 Days8%0.001 NEAR20,000 NEARFET120 Days11%0.1 FET5,000 FETINJ120 Days19.9%0.1 INJ1,000 INJETH StakingETHFlexibleDynamic APR(Approx. 3.2%)0.0001 ETHUnlimitedDual InvestmentBTCMultiple Settlement DatesUp to 15% or more0.00001 BTC200 BTC per subscription Please Note: Flexible and Locked ProductsOffers are available on a first-come, first-served basis. Once subscribed, users can view their assets by going to Wallets > Earn.Users may choose to redeem their assets in advance in Simple Earn Locked Products. After choosing early redemption, the principal will be returned to the spot account, and the distributed interest will be deducted from the refunded principal. Due to differing global time zones, it may take 48-72 hours to receive the tokens.Users will automatically receive rewards from ongoing Launchpools when they hold BNB Vault and/or BNB Locked Products positions. Refer to this announcement for more information. ********** [Weekly Launch of New Dual Investment Products] Binance has launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products on a first-come, first-served basis. SELL HIGH Target Users: Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currency for a higher price in the future, compared to the market price on the subscription date Deposit CurrencySell ForSettlement DatesBTC, ETH, BNB, SOL or any of the other 13 tokensUSDT or FDUSD2024-03-222024-03-262024-03-292024-04-052024-04-122024-04-192024-04-262024-05-31ETHBTCBNBBTC or ETH BUY LOW Target Users: Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buy a cryptocurrency for a lower price in the future, compared to the market price on the subscription date Deposit CurrencyCryptocurrency to BuySettlement DatesUSDT or FDUSDBTC, ETH, BNB, SOL or any of the other 13 tokens2024-03-222024-03-262024-03-292024-04-052024-04-122024-04-192024-04-262024-05-31BTCETH or BNBETHBNB ********** Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-03-20
Bitcoin remains above $65,000 despite highest-ever GBTC outflows. GBTC outflows are occurring due to high fees and ETF competition. Bitcoin {{BTC}} is down 4% and trading above $65,000 as the selling of Grayscale Bitcoin Trust (GBTC) shares hit its highest level ever. According to data compiled by BitMEX research, outflow from GBTC hit $643 million on March 18. Bitcoin ETF Flow - 18 March 2024GBTC Outflow $643m — BitMEX Research (@BitMEXResearch) March 18, 2024 Data from investment firm Farside shows that there's a net outflow from bitcoin ETFs in general to the tune of $154 million. The iShares bitcoin ETF (IBIT) saw the most inflow of $451.5 million, while the remaining products had inflow of approximately $36.7 million.
Since the launch of bitcoin exchange-traded funds (ETFs) earlier this year, there have been significant outflows from GBTC – which recently converted into an ETF – because of its higher fees. This selling puts pressure on the price of bitcoin. A recent note from CryptoQuant says that selling pressure is also coming from short term holders of bitcoin taking profit on recent gains. Over the last week bitcoin is down 8.5%, according to CoinDesk Indicies data, but remains up 27% over the past 30 days. #write2earn….
Bitcoin's value is set to soar past $80,000, propelled by significant institutional investment in crypto ETFs. Bitcoin ETFs are forecasted to quadruple Bitcoin's price to $280,000 within three years due to burgeoning institutional capital. The growing embrace of cryptocurrencies by traditional financial sectors marks a pivotal shift towards their acceptance as legitimate assets. The cryptocurrency market is on the brink of an unprecedented boom, with projections suggesting that Bitcoin, along
With every dollar moved, every network fee generated, #TRON is not just advancing #blockchain technology; it is also narrowing the divide for the underserved.
With every dollar moved, every network fee generated, #TRON is not just advancing #blockchain technology; it is also narrowing the divide for the underserved. #write2earn….
With every dollar moved, every network fee generated, #TRON is not just advancing #blockchain technology; it is also narrowing the divide for the underserved. #write2earn….
With every dollar moved, every network fee generated, #TRON is not just advancing #blockchain technology; it is also narrowing the divide for the underserved. 🌐
New Loanable Assets Available on Binance Loans (Flexible Rate) - 2024-03-20
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance has added Algorand (ALGO), ApeCoin (APE), Dai (DAI), Open Campus (EDU), MultiversX (EGLD), FLOKI (FLOKI), Flow (FLOW), The Graph (GRT), Immutable (IMX), Lido DAO (LDO), Mina (MINA), Maker (MKR), Neo (NEO), Quant (QNT), Stacks (STX), Solar (SXP) and Zilliqa (ZIL) as new loanable assets on Binance Loans (Flexible Rate). Please Note: Users may refer to Loan Data for the latest interest rates and a complete list of loanable and collateral assets.To place new Binance Loans (Flexible Rate) orders via the Binance App, please upgrade the App to iOS v2.78.0 or Android v2.78.0, or later. Older app versions no longer support the placement of new Binance Loans (Flexible Rate) orders. Refer to this announcement for more information.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Get Started With Binance Loans (Flexible Rate) Today About Binance Loans (Flexible Rate): Binance Loans (Flexible Rate) is an open-term loan product that allows users to complete loan orders while collateralizing cryptocurrencies in existing Simple Earn Flexible Products subscriptions. Users may enjoy greater flexibility without committing to a specific loan term when borrowing cryptocurrencies on Binance Loans (Flexible Rate), and earn Real-Time APR rewards via Simple Earn Flexible Products at the same time. Loan rates are refreshed every minute, and users may place a loan order with a minimum of 1 USDT equivalent. For More Information: What Is Binance Loans (Flexible Rate) and Frequently Asked QuestionsBinance Loans Service Terms Thank you for your support! Binance Team 2024-03-20
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