Crypto Market Overview
BTC at all-time high, altcoins surge
And just like that, Bitcoin reached a new all-time peak this week. On Tuesday, BTC $19,881 on Binance, surpassing all previous highs, and has since traded between $18,500 and $19,500 for the rest of the week.
The altcoins market followed suit with their own double-digit surges over the week. On Monday, Ethereum broke past $600 for the first time since May 2018 and has gone on to hit as high as $627 on Tuesday, before trading between $590 and $620 for the rest of the week. Meanwhile, BNB rose from $27.50 on Saturday to as high as $31.70 on Tuesday, before showing sideways market action ranging from $29.50 to $30.50 following that weekly peak.
With Bitcoin’s rise, the cryptocurrency industry’s total market capitalization rose from $505 billion to as high as $589 billion the week at $499 billion, before ending the week at $565 billion.
For more crypto-related news and updates, head over to the Binance News service. We now move to updates from the Binance ecosystem and beyond.
Binance Exchange Updates
1. Bitcoin (BTC) Breaks All-Time High on Binance. Nearly three years since its previous peak, Bitcoin (BTC) has finally reached a new all-time high last Sunday, Nov 30, hitting $19,881.56 on Binance and capping a bullish month that’s one for the record books.
2. Binance Supports ETH 2.0 Staking. Binance Staking has launched support for ETH 2.0, allowing users to gain staking rewards from the ETH 2.0 upgrade, starting with the Beacon Chain launch. We offer all our users an attractive introductory APY of up to 20%.
3. November Trading Report: All Eyes On ETH 2.0. Ethereum, the second-largest cryptocurrency by market capitalization, had a phenomenal month, gaining more than 59% in value. The success of ETH 2.0’s staking participation has driven a lot of positive sentiment around Ether. Read more in the monthly trading report.
5. NEW TRADING PAIRS: BCH/EUR, YFI/EUR & ZIL/BIDR
7. Binance Pool launches the 19th phase of Dual Savings products for BTC, USDT, and BUSD.
9. Binance Spot Trading System Upgrade Complete (2020/11/30). We completed spot trading system upgrade and resumed all trading activity on 2020/11/30 at 7:00 AM (UTC).
10. Discontinued trading pairs: BRD/BNB, HIVE/BNB, IRIS/BUSD, RLC/BNB and WNXM/BUSD.
From the Binance Team
11. CZ Honored in 2020 Bloomberg 50 List of Global Icons and Innovators. Bloomberg Businessweek named Binance CEO ‘CZ’ (Changpeng Zhao) to the 2020 Bloomberg 50, its annual list of innovators, entrepreneurs, and leaders who have changed the global business landscape over the past year.
Binance Smart Chain Updates
12. Binance X Invites You to the Gitcoin Grants Round 8 Hackathon We’re offering $60,000 in cash prizes for the hackathon, which runs from December 3 to 17. We seek innovators who use BSC to offer compelling solutions.
13. The Future is Decentralized: 5 Reasons Why DeFi’s Cool-down Will Be Short-Lived. While Bitcoin’s taken the spotlight for now, crypto enthusiasts take heed: it would be unwise to count DeFi out. Learn what CZ has to say about the future of DeFi from this article published on City AM.
14. Binance Smart Chain v1.0.4 Release. The BSC v1.0.4 is out, and all validator nodes on BSC Testnet have upgraded to this new version. If you are running a node on Binance Smart Chain Mainnet or Testnet, it’s recommended to upgrade to the latest version.
15. Binance Extension Wallet v1.121.1 Release. Binance Extension Wallet v1.121.1 is now released and verified on Firefox and Chrome.
16. Become Liquidity Providers for Binance Liquid Swap and Share 200,000 BUSD in Airdrop Rewards. During the activity, in addition to earning basic interest (trading fee + Flexible Savings interest), all liquidity providers in WBTC/ETH and ETH/BUSD pools can share 200,000 BUSD in airdrop rewards.
Binance Futures/Options/Margin Updates
17. ETH 2.0 Celebration: 320 ETH To Be Won With Binance Futures. To celebrate the upcoming ETH 2.0 (Ethereum 2.0) upgrade, Binance Futures is giving away 320 ETH in rewards. The activity runs until December 15.
18. Binance Futures launches XRP, LTC, EOS, BCH Quarterly 1225 & 0326 Coin-Margined Contracts with up to 75x leverage. Users will be able to select between 1-75x leverage.
19. Margin Trading for ARDR, HARD, LTO & ZIL Enabled on Binance with new Cross Margin and Isolated Margin assets and pairs.
Binance Ecosystem Updates
22. Binance Broker Bonus Activity. We want to empower our brokers through this extra bonus program for December. Successful brokers could earn up to 50% on futures commission.
23. Cash Black Friday – Double Cashback with your Binance Card. The Black Friday craze has brought huge discounts at merchants all around the world. During Black Friday until Cyber Monday, we doubled the cashback for all your Binance Card purchases.
25. Binance Academy’s newest articles:
26. Binance Research’s newest reports:
Binance Fiat/Stablecoin/BNB Updates
27. Send and Receive EUR Instantly 24/7 Through SEPA Instant! This service is available to use 24/7, enabling users to instantly deposit EUR from their SEPA bank accounts to their Binance accounts, and instantly withdraw EUR from the Binance account to the SEPA bank account.
28. Zero Fees on EUR & GBP Bank Deposits. Binance has introduced ZERO fees for all bank deposits made via Single Euro Payments Area (SEPA) for EUR and Faster Payments (FPS) for GBP. Users can enjoy zero fees on SEPA and FPS deposits effective from now until the end of the year.
29. Binance P2P: Buy Bitcoin in Ghana with Mobile Money. We have launched support for Mobile Money payments for Ghanian cedi (GHS) peer-to-peer (P2P) trading. Learn How to Buy Bitcoin in Ghana via Binance P2P
30. Binance extends zero maker fee promo for all TRY trading pairs until the end of the year.
31. Zero maker fee promotion for BRL trading pairs on Binance
32. Scheduled system upgrade for Binance P2P. The upgrade will take about one hour, starting December 5, 2 AM UTC.
Promos and Community
33. NEW: Welcome Bonus Program. We have a special end-of-the-year promotion where we will offer eligible users a Savings Voucher worth 500 USDT! Promo runs until the end of this year.
34. NEW: Ethereum Block Hash Lottery – Win up to 10,000 BUSD. Promo runs until December 9.
35. NEW: MobileSEArge – The Biggest Southeast Asia Mobile Challenge. For this holiday season, Binance will be giving away a total of 2200 USD (per country) to our Indonesian, Filipino, and Thai users. The activity runs until December 8.
36. NEW: FOR Trading Competition – $50,000 in FOR to Be Won! The activity runs December 4-10.
40. ONGOING: Buy Crypto on Binance P2P to win an iPhone 12. Promo runs until December 8.
41. ONGOING: Earn Up To 50,000 NGN Weekly by Posting Ads on Binance P2P. The promotion runs until December 14.
42. COMPLETED: Binance Leveraged Tokens Logo Collection Activity
44. COMPLETED: PS5 Giveaway on Facebook to celebrate our 200,000 follower milestone.
45. COMPLETED: AKRO & UTK Trading Competitions