Global’s Biggest Exchange is Astonished by the Mysterious $1.88 Billion Bitcoin Transfer
In today’s trade, major crypto tokens were trading mixed due to investor anxieties ahead of the Federal Reserve’s interest rate decision.
Bitcoin was little firmer and got closer to $34,500. Ethereum, its main competitor, has reclaimed the $1,800 milestone.
Other crypto tokens moved higher, including XRP, Solana, tron, and Toncoin, while BNB, Cardano, Dogecoin, Chainlink, Polygon, Polkadot, Litecoin, and Shiba Inu traded lower.
Markets are anticipating the Fed meeting, which is scheduled to take place today. Any shift in interest rates is expected to alter the tone of the crypto market’s performance. However, investors are particularly interested about spot BTC ETFs in the United States; the SEC may react to BTC ETF applications this year before the winter holiday season.
BTC finished the month with a stunning 29% gain, which can be ascribed in part to increased speculation over the introduction of BTC spot ETFs. Furthermore, the approaching halving event is piqueing investor interest even more.
BTC has been reasonably stable in recent days, trading in a sideways pattern as investors anticipate important macro announcements today, November 1st. The FOMC announcement and press conference will be the primary focus, as these events can have a direct impact on cryptocurrency prices.
Meanwhile, the worldwide cryptocurrency market cap increased by 0.05% in the last 24 hours to roughly $1.27 trillion.
The overall volume in DeFi is approximately $4 billion, accounting for 9.94% of the entire 24-hour volume in the crypto market. The overall volume of all stablecoins is now $35.37 billion, accounting for 88.02% of the total 24-hour volume of the crypto market.
Bitcoin’s, the world’s largest cryptocurrency, market cap has dropped to $672 billion in the previous 24 hours. According to CoinMarketCap, Bitcoin presently has a 52.8% market share. BTC volume fell 11.5% in the last 24 hours to $15.3 billion.