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Purxmentor
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Why the crypto market delivered yet another dud in September ? No respite from the bear market is in sight as September proves to be yet another uninspiring month for the crypto market. 👇👇 READ IMPORTANT For October Trade 👇👇 * Volumes across major exchanges like Binance and OKX continued to be lackluster. * Implied volatility plunged, while the derivatives market also had very little to celebrate. The crypto market continued to underperform in September, with key indicators like volumes, volatility, and Open Interest remaining subdued. The total cryptocurrency market cap fell by 1.8% over the past month, as bellwethers like Bitcoin and Ethereum continued to trade in tight ranges. Liquid supply, spot, and derivatives markets continued to be lackluster, with traders turning to self-custody. The US market no longer boosting Bitcoin's value, and Grayscale Bitcoin Trust saw a spike in the discount to its underlying Bitcoin holdings. However, significant improvements were seen on a year-to-date basis, and investors are becoming more confident in the trust. $BTC $ETH $XRP

Why the crypto market delivered yet another dud in September ?

No respite from the bear market is in sight as September proves to be yet another uninspiring month for the crypto market.

👇👇 READ IMPORTANT For October Trade 👇👇

* Volumes across major exchanges like Binance and OKX continued to be lackluster.

* Implied volatility plunged, while the derivatives market also had very little to celebrate.

The crypto market continued to underperform in September, with key indicators like volumes, volatility, and Open Interest remaining subdued. The total cryptocurrency market cap fell by 1.8% over the past month, as bellwethers like Bitcoin and Ethereum continued to trade in tight ranges. Liquid supply, spot, and derivatives markets continued to be lackluster, with traders turning to self-custody. The US market no longer boosting Bitcoin's value, and Grayscale Bitcoin Trust saw a spike in the discount to its underlying Bitcoin holdings. However, significant improvements were seen on a year-to-date basis, and investors are becoming more confident in the trust. $BTC $ETH $XRP

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Binance Decides to List an Altcoin in Futures, Which Soared 90 Percent Today Cryptocurrency exchange Binance has decided to list a new altcoin on its futures platform. According to the official statement, BarnBridge (BOND) token will take its place on the platform with up to 50x leverage. The company will start futures trading for the token in question at 17:30 Turkey time (UTC 14:30) on October 15, 2023. Following this development, the BarnBridge price moved further up from the level where it had already risen impressively. At the time of writing this article, the BOND price has increased by 95% in the last 24 hours and is traded at $ 5.81 million. The token, which has a market value of $45 million, is also listed in the spot market on major cryptocurrency exchanges, including Binance. However, it is not yet traded on Coinbase. Related News  Ethereum Total Supply Surges After a Long Time: What's the Latest Data? As Bitcoinsistemi.com reported yesterday, the BOND price actually experienced a big increase yesterday. In a vote held on the decentralized platform of the altcoin, a decision was made to reach a compromise with the SEC and it was requested that all necessary penalties be paid. When it was learned that a compromise would be made with the SEC, the BOND price experienced a sudden increase. $BTC $ETH $XRP
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How $XRP sent $USDC out of the prized crypto index Ripple has replaced Circle as the fifth member of the Hong Kong Virtual Asset Consortium (HKVAC) global large equal weight index. Ripple's partial win over the U.S. SEC helped XRP get on the list. XRP has a 41.50% increase on a Year-To-Date (YTD) basis. Both USDC and XRP have experienced declines in recent times. USDC briefly fell to $0.86 but was able to regain the dollar peg moments later.
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