Binance Research: Crypto market cap rose 11% to $2.99T in September
- —Crypto market cap rose 11% to $2.99 trillion in September
- —The Fed hiked rates 25 bps to 3.75–4.00% on September 16, the first increase since 2023
- —The CLARITY Act failed a Senate cloture vote 49–50, short of the 60 needed
- —Spot Bitcoin ETFs attracted $3.49 billion, including $2.4 billion in the week of September 21–25
Why it matters: The market rallied despite Fed tightening and a stalled crypto bill, signaling resilient institutional demand via ETFs.
Source: The Cryptonomist (IT)