17 March 2023Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiThe shutdown of a few U.S. banks over the past week have fuelled concerns of a potential banking crisis. In response, the U.S. Treasury Department, the Federal Deposit Insurance Corporation and the Federal Reserve took action to protect the U.S. econom

Another extremely volatile week for crypto as BTC shook the market exploding to the upside, rallying over 25% in two days following a series of news events. Altcoin performance was skewed this week with some being up double digits alongside some negative performers. $CFX out performed the majority of the market, after seeing a huge increase in buying volume on the Convert Portal, it is currently up over 50% in the last 7 days. $CFX has seen extre

 Charts of the WeekBitcoin Dips Below $20,000 Following USDC DepegBitcoin has dropped below $20,000 for the first time since January this year after the shutdown of two federally insured members of the Federal Reserve System – Silicon Valley Bank and Silvergate Bank in the span of a week. Analysts already expected a retest of the $19,500 level, where the 200-day Simple Moving Average (SMA) also sits. The relative strength index (RSI) has also sun

Happy Friday! The Weekly Market Highlights is an initiative from the Binance Research team to round up the week, summarizing key market events and views from the team. 🔎 Macro / TradFiUp we go. Federal Reserve Chairman Jerome Powell cautioned that the Fed may lift rates higher than previously anticipated if inflation remains high. For context, Fed officials estimated a terminal rate of 5.1% previously. The market is currently pricing a terminal

February proved to be a recovery period for the industry with a healthy momentum observed for both DeFi and the NFT space. Crypto enjoyed an upswing as investors regained an appetite for risk, outside of traditional asset classes.The Ordinal Inscription on Bitcoin brought waves of discussion to the community, essentially dividing users on the utility of the blockchain. Nonetheless, it is heartening to witness it evolve and embrace new demands for

Over the past week BTC has continued its downwards momentum as the rest of the altcoin market follows suit. After seeing a period of rapid expansion outperforming the majority of the market early last month, $AGIX is currently down 18.8% in the last days as selling volume picked up considerably across the Convert Portal. $DOGE has been hit hard over the past month, currently down over 25% since its February high. Last Friday Elon Musk tweeted ‘I

The world of crypto and decentralized technologies is no longer an internet niche, home to a few pioneers on the frontier of fintech. It is now a blossoming sector for people of all backgrounds, interests - and genders.Women have been entering the space in droves to find financial freedom from traditional systems and help create the future of digital interactions.In an exclusive interview with Cointelegraph Binance co-founder and chief marketing

Bitcoin Finds Support At Around $22,000Disclaimer: This platform includes third-party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own research. See full terms here and our risk warning here  Binance Futures products are restricted in certain countries and to certain users.  This communication is not intended for users/countries to which restrictions apply. Charts of the WeekBitcoin Drops 7% Following

Disclaimer: This platform includes third-party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own research. See full terms here and our risk warning here  Binance Futures products are restricted in certain countries and to certain users.  This communication is not intended for users/countries to which restrictions apply. The total cryptocurrency market capitalization has taken a hit as it stumbled below