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Binance Market Update (2022-03-16)

2022-03-16 20:00
The global cryptocurrency market cap now stands at $1.81T, up by 2.46% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $38,847 and $41,701 over the past 24 hours. As of 08:00 PM (UTC) today, BTC is trading at $40,833, up by 2.70%.
Most major cryptocurrencies by market cap are trading mixed. Market outperformers include GMT, XNO, and JASMY, up by 56%, 28%, and 25%, respectively.

Top stories of the day:

  • Bitcoin spiked toward $42K, up 5.6% in an hour
    A few hours ago, the bitcoin price spiked to $41,700, charting an increase of 5.6% in less than an hour. Unfortunately, the cryptocurrency retraced just as quickly and left over $200 million in liquidations for the day.
  • ConsenSys raises $450M, MetaMask hits 30M MAUs
    Leading Ethereum software company ConsenSys just announced another $450 million in Series D funding. This brings the company’s total valuation to over $7 billion.
  • Ethereum ‘Merge’ successfully takes place on Kiln testnet
    The Ethereum Foundation has announced that the “Merge” successfully took place on the Kiln testnet. This is the final public testnet before the transition to proof-of-stake later this year.
  • Mark Zuckerberg says NFTs are coming soon to Instagram
    The Meta CEO’s comments at South by Southwest confirmed earlier reports that Instagram was preparing to make such a move.
  • McLaren to mint NFTs of luxury supercars in Infiniteworld partnership
    McLaren Automotive is to create and mint non-fungible tokens (NFT) of its luxury supercars in partnership with metaverse infrastructure platform InfiniteWorld.

Market movers:

  • ETH: $2750 (+3.23%)
  • BNB: $383.3 (+2.51%)
  • XRP: $0.7864 (+1.83%)
  • LUNA: $89.29 (-0.84%)
  • ADA: $0.825 (+1.23%)
  • SOL: $85.85 (+1.41%)
  • AVAX: $73.56 (+2.31%)
  • DOT: $18.58 (+3.39%)
  • DOGE: $0.1159 (+2.29%)
  • SHIB: $0.00002238 (+2.43%)

Top gainers on Binance:

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