Binance's seven-day average bitcoin spot volume has fallen by 57% since Sept. 1, with volume down 48% across exchanges overall.
Crypto specifics, not macro, now dictate the crypto markets
In a significant shift from earlier trends, 2023 has seen the crypto market's direction largely influenced by crypto-specific events, Lunde and Helseth argue. Factors such as short squeezes, ETF news and sell-side pressures from bankruptcy estates and the U.S. government have emerged as dominant market influencers.
The U.S. Fed will announce its latest interest rate decision at 2 p.m. ET today, with a pause at 5.5% expected. Despite potential short-term volatility during and post-meeting, any impact on the crypto markets will likely be short-lived Lunde and Helseth said, with the diminished correlation to traditional markets making macroeconomic data less relevant to current trading decisions.© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Binance’s Bitcoin Trading Volume Plunges 57% as Regulatory Pressure MountsCoinbase may be a beneficiary, with volumes at that exchange higher by 9% this month.
Leer más »
CZ Denies Binance.US Used Ceffu or Binance Custody in Apparent ContradictionBinance.US previously told a DC court it used custody software offered by Binance’s international arm that was later rebranded Ceffu.
Leer más »
LA County average gas price rises for 52nd time in 57 daysThe average price of a gallon of self-serve regular gasoline in Los Angeles County rose 4.8 cents on Monday to $5.915, a day after increasing 13.6 cents.
Leer más »
Pre-order Samsung's insane new 57' Odyssey NEO G9 gaming monitor, get $500 backSamsung's new Samsung 57-Inch Odyssey Neo G9 Gaming Monitor is now available for pre-order, with a special deal worth $500.
Leer más »
Turbocharge your fall yard cleanup with up to 57% off Greenworks tools at AmazonIt's time for the traditional fall yard cleanup. Save up to 57% on Greenworks electric tools right now and give your yard one last makeover before winter.
Leer más »
Sports Betting Revenue in New Jersey Jumps 57% Month-Over-Month in AugustThe New Jersey Division of Gaming Enforcement reported sportsbook revenue of $96 million, a spike of 57% month-over-month and 47.1% year-over-year.
Leer más »