The cryptocurrency market rose by 1.3% over the past 24 hours, bringing its gains for the week to +4.1%. This increase today reflects an improvement in risk sentiment driven by institutional flows and significant technical breakthroughs. Key factors:
1. Momentum of the Binance ecosystem – record trading volume and BNB dominance have boosted the liquidity of alternative currencies.
2. Enhancing liquidity from the Fed – injecting $13.5 billion into the banking system eased economic fears.
3. Increase in cryptocurrency derivatives – a 96% rise in the volume of Perps contracts, which increased the upward financial leverage.
Transferred
BNB
892.39
+2.77%
