Ethereum: Use of Binance API results
Recently I began to make calls to the Binance API, specifically the final point TICKER/24HR with a single parameter,symbol = BTCBUSD, which only returns a value. I am curious about how this could be affecting my Ethereum trade strategy.
For more information about this, I decided to deepen and explore the Binance API documentation for other final points that can provide additional information or data on Bitcoin/U.S prices. (BTC/BUSD). This is what I found:
Binance currency price history
The final point CoinmarketCap returns a list of Binance currencies available, its current price and a historical price table. This seems an interesting resource to analyze the past performance of different cryptocurrencies.
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The final points of the API
The final pointTickerallows me to recover the high, low and open prices of Bitcoin (BTC) against the US dollar (USD). I also found an 'future' end point that provides information about Ethereum's futures contracts.
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Historical data
The final pointklineallows me to recover the Bitcoin Historical Price Table (BTC) against the US dollar (USD). This seems a great resource to analyze long -term trends and patterns in cryptocurrency prices.
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Binance API Price
It seems that the final pointTICKER/24HRwith a parameter has a simple and direct price model. The answer contains only one value: the current price of Bitcoin (BTC) against the US dollar (USD).
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{
"data": [
{
"id": "1",
"Symbol": "Btcusdt",
"Timestamp": "1643723400",
"Open": "3823.58",
"High": "4065.32",
"bass": "3432.22",
"Close": "3839.91"
}
]
}
Conclusion
While the final pointTICKER/24HR` with a parameter provides a direct price model, I am still curious about how this could affect my Ethereum trade strategy. When exploring other Binance API final points, I hope to obtain more information on the dynamics of Bitcoin (BTC) prices and make more informed decisions in the market.
If you have any experience with the Binance API or cryptocurrency markets, do not hesitate to share your thoughts or provide guidance on how to improve my understanding of these issues.