Binance Market Update (2024-01-22)

The global cryptocurrency market cap now stands at $1.64T, up by 0.68% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $40,684 and $41,881 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $41,015, down by -1.63%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include OM, CTSI, and ERN, up by 64%, 25%, and 15%, respectively.

Top stories of the day:

• BNB Smart Chain Security Report 2023: 85% Decline from 2022 

• Dogecoin and Floki Rise Amid Speculation of Adoption by Elon Musk-Owned Companies 

• Bitcoin Price Shows Signs of Recovery, Bounces Back from $40.3K Low Amid Low Trading Volumes 

• Grayscale Ethereum Trust Negative Premium Drops to 14.20%, Total ETH Holdings Valued at Approximately $7.2 Billion

• Virginia State Senate Introduces Bill to Protect Digital Assets Mining and Provide Cryptocurrency Tax Incentives 

• Hong Kong-Listed Blueport Interactive Increases Maximum Cryptocurrency Purchase Limit 

• Crypto Market Starts Week in Red, Solana and Cardano Lead Losses 

• Concentric Finance Platform Suffers $1.6 Million Loss Due to Security Breach 

• DYdX Chain Surpasses $20 Billion in Total Trading Volume 

• Cool Cats NFT Floor Price Surpasses 1 ETH, Experiences 71% Increase in 24 Hours

Market movers:

• ETH: $2413.86 (-2.47%)

• BNB: $315.7 (-0.91%)

• SOL: $88.75 (-4.36%)

• XRP: $0.5377 (-2.57%)

• ADA: $0.4961 (-3.91%)

• DOGE: $0.08333 (-2.24%)

• AVAX: $31.54 (-4.74%)

• TRX: $0.10896 (-1.70%)

• LINK: $15.632 (-1.17%)

• DOT: $6.776 (-1.77%)

Top gainers on Binance:

• OM/USDT (+64%)

• CTSI/USDT (+25%)

• ERN/USDT (+15%)