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Crypto Market Update: Institutions & Deflation Drive Momentum
The crypto market rose 0.9% in 24h, extending its 7-day gain to 5.4%. Neutral sentiment and institutional accumulation helped push the market forward.
Key Highlights:
💰 Institutional BTC Buys – 390 BTC added by major strategy accounts, boosting confidence in Bitcoin as a treasury asset.
🔥 BNB Deflationary Burn – $1.2B BNB removed, tightening supply amid rising DeFi activity.
💸 FTX Creditor Payouts – $1.9B approved, easing liquidation fears in Solana ecosystem.
Takeaway:
Bitcoin’s macro role is strengthening, BNB supply shocks are bullish, and FTX clarity supports altcoins. Watch ETF inflows and SOL price for the next moves.
#CryptoNews #Bitcoin #Altcoins #BNB #Solana