BlockBriefly

Date: April 18, 2024

Market Cap 24h Change: 3.71%

Reason:

The market has been up by 3.71% because of the supportive news around the leading crypto exchange, Binance. The exchange has enhanced its Secure Asset Fund for Users (SAFU) fund stability by converting it into Circle's USD Coin (USDC). Furthermore, Binance has made significant regulatory progress in Dubai and India, as per the articles 'Binance enhances SAFU fund stability through USDC amid regulatory progress in Dubai and India' and 'Binance Could Come Back to India by Paying $2M Fine: Report' and 'Binance Secures Full Virtual-Asset Services Provider License in Dubai' which have possibly boosted the market confidence. However, this positive trend should be observed further as we see Bitcoin ETFs experiencing significant outflows and rumors around spot Bitcoin ETF approval which may impact the market structure.

Date: April 16, 2024

Market Cap 24h Change: 0.99%

Reason:

The market has been up by 0.99% but the reason is not clear.

Date: April 14, 2024

Market Cap 24h Change: 4.26%

Reason:

The market has been up by 4.26% but the reason is not clear.

Date: April 12, 2024

Market Cap 24h Change: -7.07%

Reason:

The market has been down by -7.07% but the reason is not clear.

Date: April 10, 2024

Market Cap 24h Change: 0.29%

Reason:

The market has been largely stable.