Cryptocurrency exchange Binance has seen net capital inflows of $1.2 billion in the past 24 hours, according to CEX Transparency DeFiLlama metrics.
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The increase in daily capital inflows came amid the resumption of the cryptocurrency after a significant crash that occurred between August 4 and 5.
Binance Comment
“This is one of the highest net inflow days in 2024. This potentially indicates investor confidence and interest in buying at a lower price when they believe the time is right.
Current market trends also support this observation, as we are seeing a resumption in prices of major tokens.
According to our internal data, yesterday was also one of the highest days in terms of trading volume in 2024,” said Kirill Khomyakov, Regional Head of Binance in the NEA, Central Asia and Africa.
Recall
The Ministry of Finance wrote that on the morning of August 5, the Bitcoin rate fell below $50,000, showing a record drop since 2021.
In one day, the total capitalization of the crypto market fell by more than $400 billion.
Today, August 7, Bitcoin paused fall and moved to growth. At the time of writing, the asset is trading at $56,240.
It should be noted that on August 2, the price of bitcoin was at a level of more than $65,000.
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