#MarketRebound

The cryptocurrency market is experiencing a notable rebound, with Binance Coin (BNB) leading the charge. BNB has surged over 25% in the past week, recovering from a monthly low of $514. This rally follows Binance's launch of a six-month zero-fee swap promotion for Binance Wallet users, attracting more traders and increasing market activity .

binance.com

Additionally, Binance reported a significant net inflow of $1.2 billion within 24 hours, marking one of the highest single-day net inflows of 2024. This influx underscores strong investor confidence in Binance and the broader cryptocurrency market despite recent volatility .

altcoinbuzz.io

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cryptonews.net

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The rebound is also supported by favorable regulatory developments in the U.S., including the SEC dropping its lawsuit against Binance and the introduction of the Digital Asset Market Clarity (CLARITY) Act, which aims to establish a U.S. regulatory framework for digital assets .

barrons.com

Overall, the combination of strategic initiatives, increased investor confidence, and supportive regulatory changes is contributing to the ongoing market rebound.