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Binance: Monthly Market Insights - October 2024

> ETH issuance reached ~0.74% annually in September
> Total on-chain RWAs are at all-time highs at US$12+B
> wBTC holding over 65% of the market share

> Check out key insights on wBTC, ETH Issuance, RWAs, and Crypto Hacks

0x1685311BE19895Ab9Cf4334e8Cff22076C2f8e83

In September 2024, the cryptocurrency market experienced an 8.0% increase in total market capitalization, driven by positive sentiment from the Federal Reserve's decision to lower the federal funds rate and improved U.S. labor market data. The People's Bank of China also reduced interest rates and the reserve requirement ratio to counteract deflationary pressures, injecting 1 Trillion Yuan into the banking system. These favorable global macroeconomic developments led to rallies in major equity markets and the crypto market. However, future economic reports and central bank policies remain crucial to watch.