Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Top crypto exchange <a href="https://u.today/binance-case-nearing-resolution-us-prosecutors-push-for-plea-deal-in-new-move">Binance</a> has made an important announcement that might concern XRP, SHIB and ADA holders.
In a new <a href="https://www.binance.com/en/support/announcement/binance-auto-invest-system-maintenance-notice-2024-02-23-7ab3d72e2b6546ebad4723414f3ca7fb">announcement</a>, Binance says it will undertake scheduled system maintenance for Binance Auto-Invest on Feb. 23 at 5:00 (UTC). This update, Binance says, will improve overall system performance and stability and will take about an hour.
As stated in the announcement, the creation of new plans for Auto-Invest will not be impacted during this period. However, scheduled cryptocurrency purchases via existing Auto-Invest plans may be delayed during system maintenance, while these purchases will be automatically executed once the maintenance is complete, where applicable.
Binance's Auto-Invest feature allows users to automate cryptocurrency investments and expand their crypto holdings.
Users can select which cryptocurrencies they want to buy on a daily, weekly, biweekly or monthly basis. Auto-Invest, a dollar-cost averaging (DCA) investment technique, supports more than 200 cryptocurrency assets, including <a href="https://u.today/shib-xrp-ada-most-hit-in-crypto-market-flash-crash">XRP, SHIB and ADA.</a>
<h2 id="derivative-speculation-increases-as-money-enters-crypto-market">Derivative speculation increases as money enters crypto market</h2>
According to <a href="https://twitter.com/santimentfeed/status/1759698009372475866">Santiment</a>, the crypto market has seen a significant surge in investment, which should come as no surprise.
Per the most recent CoinShares report, <a href="https://u.today/xrp-litecoin-ltc-witness-stunning-1-million-inflow-surge">digital asset</a> investment products received record weekly inflows totaling $2.45 billion. Bitcoin received more than 99% of inflows, while XRP also benefited from the positive sentiment, as reported.
Accompanying the surge of new money into the crypto ecosystem has been an immense increase in derivatives speculation, as crypto market capitalizations have surged dramatically over the last four months.
Bitcoin, for instance, has crossed $10 billion in open interest for the first time since July 2022, indicating that crowd euphoria is still alive and strong.
At the time of writing, XRP, SHIB and ADA were trading at $0.56, $0.00000978 and $0.621, respectively, according to <a href="https://coinmarketcap.com/">CoinMarketCap</a> data.

Attention XRP, SHIB, ADA Holders: Binance Shares Important Update

Table of Contents

U_Today

Other articles published on Feb 20, 2024

Bitcoin Experiences Quick Price Swing, Startling the Market

CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network

Really Now? Bitcoin Will Hit $100,000 This June 2024, Finance Guru Predicts

BlackRock Calls Bitcoin ”Progress” As It Goes ”For Kill” With New Bitcoin ETF Ad

Ripple CTO Discusses Potential Burning of Over 40 Billion XRP Tokens

XRP Wallet Linked to “Musk” Indicates Potential for XRP All-Time High: Insights

Join our free newsletter for daily crypto updates!