Before Bitcoin tests the $58,500 level again, it’s worth noting that major US indexes performed well today, with the Nasdaq rising by 2.4% and the S&P 500 increasing by 1.6%. This indicates a bullish macroeconomic outlook. However, despite the positive movement in traditional markets, the cryptocurrency market is currently experiencing a decline.
On the other hand, Binance, the world’s largest cryptocurrency exchange, has announced that it has successfully registered with India’s Financial Intelligence Unit (FIU). After months of being unavailable, Binance’s app is now back and accessible on both the App Store and Google Play Store.
Among the notable gainers in the last 24 hours, Fantom’s FTM stands out, especially with its upcoming Sonic upgrade. Meanwhile, the cryptocurrency market appears to have found support around a $2 trillion market cap.
