The blog recaps the Binance Research report on key developments in the crypto market in September 2024. The cryptocurrency market experienced an 8% increase in total market capitalization due to positive global economic developments, including the Federal Reserve's rate cut and the People's Bank of China injecting 1 trillion yuan into the banking system. The blog also highlights the performance of various cryptocurrencies and DeFi projects in September. It mentions that the NFT market continued to decline, but there were some exceptions like Blast experiencing a surge. The blog concludes by mentioning upcoming events and token unlocks in October. Overall, the report provides insights into the current state of the crypto ecosystem and market trends.
- Content Editor ( binance.com )
- 2024-10-09
Binance Research: Key Trends in Crypto – October 2024