Binance Research’s November 2024 Report Highlights Crypto Market Resilience

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Binance Research’s November 2024 Report Highlights Crypto Market Resilience - TheNewsCrypto

Quick Summary:

Binance Research’s November 2024 Monthly Insights report looks at important performance factors and current developments in the cryptocurrency sector.

The overall market capitalization of cryptocurrencies increased by 2.8% in October 2024, mostly as a result of robust BTC inflows brought on by spot ETF activity and positive U.S.employment statistics.

Major blockchains like Bitcoin, Ethereum, and Solana had a decline in revenues, while minor networks like Mythos and Fantom saw significant increases.