Bitcoin Buying Volume on Binance Overtakes Selling for First Time in 6 Months
Bitcoin’s recent upward momentum appears to have slowed after climbing nearly 10% over the past week. Following a move above $95,000, Bitcoin is currently trading at $94,686, reflecting a modest 0.7% gain over the past 24 hours. Although the asset has demonstrated resilience following its recent correction, its latest price action indicates a pause in its upward momentum as market participants reassess near-term direction. So far, analysts have looked into BTC’s spot market activity and key on-chain indicators to determine whether Bitcoin can sustain its broader recovery. New....
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Binance Coin overtakes Tether to become the third-largest cryptocurrency by market capitalization after Bitcoin and Ether. Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history.At the time of writing, BNB’s market cap stands at $38 billion, outstripping the biggest stablecoin Tether (USDT) by about $5 billion, according to data from crypto tracking source CoinGecko. Binance Coin is trading at $257, up 47% over the past 24 hours....
Binance Coin (BNB) had an opportunity for a price rally last week after its parent company finally completed the scheduled token burn for the third quarter of the year. BNB price slightly corrected after going up by almost 4% following the latest burning of Binance tokens Binance established $260 as its support level The altcoin might fall to $250 before continuing its price rally With that, the total number of burned (destroyed) BNB tokens reached 2,065,152, which is worth over $563 million. Shortly after, Binance went up by 3.75% to trade at $274.6, confirming the asset’s positive....
Changpeng Zhao, the former CEO of Binance, the world’s largest cryptocurrency exchange by trading volume, made his anticipated return to the public eye at the Binance Blockchain Week in Dubai on Wednesday. This appearance marks his first since serving four months in prison, which has reshaped his outlook on life and leadership. CZ Reflects On […]
On-chain data shows Bitcoin selling on the crypto exchange Binance has started to weaken in recent weeks as outflows have shot up. Binance Has Observed Negative Bitcoin Netflows Recently As pointed out by an analyst in a CryptoQuant post, the world’s largest crypto exchange by trading volume, Binance, has seen a decline in BTC dumping […]
Overall trading volume was down on derivatives exchanges, but one day set a new yearly high. Binance has overtaken Huobi and OKEx to become the largest crypto derivatives exchange by volume in the September figures with $164.8 billion across the month, according to the latest report published by U.K.-based data firm CryptoCompare, CryptoCompare looked at the trading volume of the top-tier exchanges and determined that Binance had seen around $8 billion more volume than its closest competitors, Huobi at $156.3B, and OKEx at $155.7B. BitMEX came in fourth with $56.4 billion in monthly volume....