The latest price moves in crypto markets in context for Sept. 27, 2023.
. The buyer CommEx is a crypto exchange that appeared to only launch yesterday, while it seemingly listed BTC/USDT and ETH/USDT trading pairs for spot trading in July.
It was reported in May earlier this year that Binance was facing a Department of Justice inquiry into whether Russian customers were able to access the exchange in violation of U.S. sanctions related to Russia's invasion of Ukraine. The firm subsequently said in August that it was cutting ties with sanctioned Russian banks. CommEX said it will not onboard customers from the U.S, EU and some other jurisdictions.amid signs that major cryptos are correlating with U.S.
. The threat of higher rates for a longer period took hold throughout financial markets, which generally negatively impacts riskier assets. “The positive correlation between cryptocurrencies and the stock market is temporarily back on track,” shared Alex Kuptsikevich, the FxPro senior market analyst, in a note to CoinDesk. “Despite the storm in the equity markets, the crypto market remains subdued, losing only 0.3% in 24 hours to $1.045 trillion.” Crypto markets slumped 0.5%, the CoinDesk Markets Index , a broad-based tracker of hundreds of tokens, shows. This mirrored a drop in the U.S.
The token's price has surged by 33% to $50 in four weeks, with rising CVD in the futures market and a declining CVD in the spot market.A positive and rising CVD means more buyers are in action, while a negative CVD implies sellers are aggressive.
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