Binance Trading Volume Data Hints Short-Term Price Surge for Bitcoin

Quick Summary:

Federal Reserve to lower interest rates by 50 basis points.

This move, the first rate cut in four years, led to a boost in the cryptocurrency market, with Bitcoin leading the charge.

Binance saw a massive $85 million in spot trading volume within one hour—the highest in over three months.

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Article Details

Author / Journalist: Mustafa Mulla

Category: Crypto

Markets: United States

Topics: Spot Price Million Short-term Followed Crypto Bitcoin Market Binance Volume Suggests

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 06:03:46 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 28 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22587982

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 4 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #112

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