Binance Market Update (2023-11-27)

The global cryptocurrency market cap now stands at $1.44T, up by 0.18% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $37,051 and $37,760 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $37,431, down by -0.87%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include USTC, LUNC, and LUNA, up by 267%, 49%, and 33%, respectively.

Top stories of the day:

• Binance CEO Richard Teng’s First Blog: Driven by Innovation, We Continue to Bring Value to Over 160 Million Users 

• Binance Labs Invests $3.15M in Open Campus to Supercharge Web3 Education and Content Monetization 

• Ethereum Transaction Fees Would Be Five Times Higher Without Layer-2 Rollup Networks  

• CoinShares: Digital Assets Investment Sees $346M Inflows Last Week, Highest in Over 1 & 1/2 Years 

• Terra Ecosystem Coins LUNA and LUNC Surge Following $15 Million Injection 

• US Federal Reserve Expected to Be Most Dovish Central Bank in 2024, Supporting Risk-Taking in Crypto and Traditional Markets

• Bitcoin Eyes $40K as Record Hash Rate Proclaims Market Confidence: 5 Key Insights for the Week 

• Deutsche Bank Predicts 12% Increase in S&P 500 by 2024 Despite Potential Mild Recession

• Bloomberg's Senior ETF Analyst: ARK Invest's GBTC Sales Reflect Portfolio Weightings Strategy 

• UK Technology Working Group Sets Stage for Tokenized Funds Implementation

Market movers:

• ETH: $2050.59 (-1.70%)

• BNB: $228.6 (-2.22%)

• XRP: $0.6069 (-2.16%)

• SOL: $56.12 (-3.46%)

• ADA: $0.3846 (-2.16%)

• DOGE: $0.08015 (+2.70%)

• TRX: $0.10596 (-2.18%)

• LINK: $14.504 (-4.56%)

• AVAX: $20.57 (-2.83%)

• MATIC: $0.7529 (-3.28%)

Top gainers on Binance:

• USTC/USDT (+267%)

• LUNC/USDT (+49%)

• LUNA/USDT (+33%)