Bitcoin Price Surges to $107,206 as Inflows to Binance Drop
Bitcoin's price has surged to $107,206.34, reflecting a 1.85% increase in the last 24 hours with a market cap of $2.13 trillion and trading volume of $45.2 billion. Despite this rise, low volatility and uncertain macroeconomic conditions persist.
BTC Inflows on Binance Decline
- Average monthly inflows to Binance have dropped to 5,700 BTC, below historical bear market benchmarks.
- This decline contrasts with an average of 12,000 BTC since 2020 and is significantly lower than inflows during the FTX crisis in 2022, which peaked at 24,000 BTC.
- The decrease suggests a holding phase in the market, indicating caution for investors due to persistent fragility.
Despite these trends, Bitcoin's upward movement may influence other cryptocurrencies. Solana's price increased by 2.88% to $146.09, as it could benefit from Bitcoin's momentum. Other assets like Ethereum, XRP, and Binance Coin may also follow suit.
Snorter Bot Technology
The Snorter Bot, a new meme crypto trading bot on Solana, has raised over $1.26 million in its presale. The bot offers real-time insights and trading capabilities through Telegram.
Current Presale Stats
- Price: $0.0963
- Amount Raised: $1.2 million
- Ticker: $SNORT
- Operating Platform: Telegram