In this section, we have summarized notable events and upcoming token unlocks for the month. We hope this will help monitor key developments in the space and keep track of unlock events.Notable events in November 2023Source: Binance ResearchLargest token unlocks in US$ termsSource: TokenUnlocks, Binance Research#Latestcryptonews #newsTrading #newsbinance
Charts of the Month - Bitcoin Dominance Hits a 2.5-Year High
Bitcoin dominance has been on an uptrendSource: CoinmarketcapBitcoin dominance, which measures the market capitalization of Bitcoin as a share of the total crypto market, rose to a high of 53.47% during the month, a level not seen since April2021. Bitcoin prices have been on a general upward trend throughout October, crossing the US$35K mark at one point. Just in October alone, Bitcoin prices have surged more than 28%, recording one of the best months for the asset we have observed in a while. R
Monthly NFT trading volumeSource: CryptoSlamThe NFT market staged a rebound alongside the overall crypto market with sales volume reaching US$0.31B in October, recording an increase of 6.9% MoM. This provides some solace to NFT holders as the NFT market has been hit hard by the bear market. Nansen's NFT-500 index revealed a 58% decline on a year-to-date ("YTD") ETH basis, and the Blue-Chip-10 index dipped 50% YTD, dragged down by the relatively poor performance of profile picture NFTs, which hav
TVL share of top blockchainsSource: DeFiLlamaOverall, DeFi TVL recorded a notable increase of 8.8% MoM, breaking its downtrend momentum as participants took more risk driven by the euphoria in the crypto market over the impending approval of spot BTC ETFs. Increasing risk appetite among participants drove several notable growths in DeFi protocols such as JustLend, AAVE, and Compound Finance, which recorded MoM changes of 23.06%, 14.25%, and 12.22%, respectively.Tron, Arbitrum, and Solana were so
The crypto market witnessed an impressive 19% surge in total market capitalization in October, marking the second-largest monthly gain of 2023. The bullish momentum was largely propelled by the anticipation of a spot Bitcoin ETF approval, as well as short liquidations driven by price spikes. A testament to the optimistic sentiment around Bitcoin was its rapid ascent following Cointelegraph's erroneous report on October 16. Subsequent pivotal events, including the U.S. court's reaffirmation of th
Market InsightsThe crypto market, driven by optimism surrounding spot Bitcoin ETFs, witnessed an impressive 19% surge in total market capitalization in October, marking the second-largest monthly gain of 2023. Notable gainers included SOL, LINK, and BTC, concluding the month with price increases of 78%, 45%, and 28%, respectively.Bitcoin dominance hit a 2.5-year high of 53.47% in October, as optimism behind spot exch
Top 3 Cryptocurrencies to Watch Under $1 in November
$XRP $ADA $BTC Cryptocurrency markets, top digital assets are surging again, with Bitcoin (BTC) crossing the $35k mark.Additionally, the global crypto market cap has spiked by 2.1%, currently at $1.35 trillion. The bullish outlook has brought a lot of positive sentiment for the digital asset industry. With that said, let's look at the top cryptocurrencies to watch in November that are under $1.Top 3 cryptocurrency projects under $1XRP:Since the beginning of this year, XRP has surged by almost 77