Binance Square
LIVE
LIVE
DeFiDynamo
--186 views
The cryptocurrency market has experienced significant developments in the past week, with its total capitalization now hovering around $1.14 billion. Bitcoin's price has been on a rollercoaster ride, fluctuating between $27,000 and $28,500. The market is currently optimistic, with many traders positioning themselves for a bull run as BTC exchange reserves plunge to five-year lows. In other news, Ripple secured a major victory in its ongoing case with the United States Securities and Exchange Commission (SEC). The court ruled that secondary sales of XRP do not constitute an investment contract, meaning they are not treated as securities. This decision was widely perceived as a win for the cryptocurrency, causing XRP's price to increase by around 10% on the day of the ruling. As we enter the last quarter of the year, it will be interesting to see how the market develops and whether Bitcoin can firmly establish itself above $28,000.

The cryptocurrency market has experienced significant developments in the past week, with its total capitalization now hovering around $1.14 billion. Bitcoin's price has been on a rollercoaster ride, fluctuating between $27,000 and $28,500. The market is currently optimistic, with many traders positioning themselves for a bull run as BTC exchange reserves plunge to five-year lows.

In other news, Ripple secured a major victory in its ongoing case with the United States Securities and Exchange Commission (SEC). The court ruled that secondary sales of XRP do not constitute an investment contract, meaning they are not treated as securities. This decision was widely perceived as a win for the cryptocurrency, causing XRP's price to increase by around 10% on the day of the ruling.

As we enter the last quarter of the year, it will be interesting to see how the market develops and whether Bitcoin can firmly establish itself above $28,000.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@Square-Creator-4d9133506

Explore More From Creator

--
In a recent analysis, over 80% of newly listed cryptocurrencies on Binance, the world's largest digital asset exchange, have seen a decline in value. This trend has raised concerns for investors seeking to invest in the latest digital assets. Out of 31 tokens analyzed, only five appreciated in value, including the Ordi token (ORDI) and the meme coin Dogwifhat (WIF). Despite lacking venture capitalist backing, ORDI was the most profitable, with a 261% increase since its launch. Most new Binance listings are backed by top-tier venture capitalists and launch at inflated valuations, often lacking real users or a strong community. The average fully diluted valuation (FDV) on the Binance listing date exceeds $4.2 billion. Crypto researcher Flow suggests that many tokens launching on Binance are not viable investment vehicles, as their upside potential is already exhausted. Instead, they serve as exit liquidity for insiders exploiting retail investors' limited access to early investment opportunities. Flow also criticized the current market dynamics, noting that many tokens are designed to pump and then dump due to short vesting schedules, fake metrics, and a focus on hype rather than user acquisition. Despite these concerns, the potential of DeFi and BRC 20 tokens remains promising, with a need for a new approach to token launches. Lower FDVs could benefit secondary market traders and generate momentum and interest. The crypto industry continues to evolve, and while there are challenges, the future is optimistic.
--

Latest News

View More
Sitemap
Cookie Preferences
Platform T&Cs