Binance CEO Says September Crypto Demand Stayed Firm as Market Cap Rose 11%
JH Kim
Summary
- Binance CEO Richard Teng said cryptocurrency market demand remained firm in September.
- He said the total cryptocurrency market capitalization rose 11% in September.
- He said U.S. spot Bitcoin (BTC) ETFs saw $3.49 billion in inflows over the same period.
Forecast Trend Report by Period
Binance Chief Executive Officer Richard Teng said demand in the cryptocurrency market stayed firm in September.
Cointelegraph reported on October 8 that Teng pointed to an 11% increase in the total cryptocurrency market capitalization in September.
Over the same period, U.S. spot Bitcoin exchange-traded funds attracted a combined $3.49 billion in inflows.
Teng said the increase in crypto market capitalization and the inflows into Bitcoin ETFs showed that market demand remained firm in September.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.