Binance.US' Bitcoin price shows significant divergence

The global crypto market cap is $1.05 trillion with a 24-hour volume of $19.83 billion. The price of Bitcoin is $26,234.24 and BTC market dominance is 48.9%. The price of Ethereum is $1,591.12 and ETH market dominance is 18.3%. The best performing cryptoasset sector is Travel, which gained 20%.

Quick Take

After the SEC sued Binance on Monday, Binance users started withdrawing coins from the exchange.
Late last night, the price of Bitcoin on Binance U.S. started to diverge from BTCUSD on Coinbase.
Currently, the price is at $28,500, which suggests the price is up almost 5% today, while the BTCUSD price is -1.62% today at $26,779.

Analyst

James Van Straten

Research Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Binance.US’ Bitcoin price shows significant divergence

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