Binance altcoin inflows hit 31,800 before Fed decision

2 hours ago 2



Binance altcoin inflows have climbed to a seven-day average of roughly 31,800 deposit transactions as crypto markets prepare for the CLARITY Act vote and Wednesday’s Federal Reserve decision. Summary Binance altcoin deposit transactions averaged 31,800 over seven days, nearly quadrupling from July’s 8,300 level. Coinbase altcoin inflows rose to 4,700 transactions while Bybit reached 2,700, according to Darkfost’s data. Fed futures now price roughly 93% odds of a September rate hike before Wednesday’s decision. Senate cloture on the CLARITY Act remains scheduled for 2:15 p.m. ET on September 15. Bitcoin has rebounded from roughly $60,000 in late August to around $78,000 before policy events. CryptoQuant analyst Darkfost reported the increase in a Sept. 15 market update, saying Binance’s seven-day average had risen from approximately 8,300 transactions in July. The latest figure is about 3.8 times the July level. The same data showed increased activity at other centralized exchanges, although Binance recorded the largest count. Coinbase rose from roughly 2,200 altcoin inflow transactions to 4,700, while Bybit reached around 2,700, according to Darkfost. 🗞️ Binance altcoin inflows jum...

Read Entire Article