Binance Market Update (2026-01-16)

The global cryptocurrency market cap now stands at $3.27T, up by 0.83% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $95,133 and $97,193 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $95,727, down by -1.06%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include GLMR, DASH, and MET, up by 23%, 18%, and 16%, respectively. Top stories of the day: Belgium's KBC Group to Launch Bitcoin and Ethereum Trading Services U.S. Justice Department Investigates Federal Reserve Chair Powell Cathie Wood Highlights Bitcoin's Low Correlation with Traditional Assets X Product Head: “We Don’t Want” Millions in Enterprise API Revenue From InfoFi Apps Breaking News: Trump Cuts Taiwan Tariffs to 15% in Surprise Trade Policy Move XRP News: XRP Price Could Rally to $2.80 as Bullish Chart Patterns and Onchain Data Align Bitcoin News: Bitcoin nears $100K as institutional ETF demand reshapes market cycle Kaito sunsets Yaps, pivots to Kaito Studio after X clamps down on post-to-earn models Crypto News: X Bans InfoFi “Post-to-Earn” Apps, Triggering Sector-Wide Selloff as KAITO Drops 20% Crypto News: CME Group to Launch Cardano, Chainlink and Stellar Futures, Expanding Regulated Crypto Derivatives Silver Market Cap Surpasses Nvidia, Becomes Second Largest Asset Globally U.S. Unemployment Claims Drop to Lowest Level Since November Federal Reserve Anticipates Interest Rate Cuts This Year Euro Falls Below 1.16 Against Dollar for First Time Since December Bitcoin Emerges as Top Cashtag on X Platform Bitcoin's Bullish Indicators Persist as Price Reaches Two-Month Highs Bank of Bahrain and Kuwait Becomes First GCC Bank to Integrate Binance Crypto Services via CaaS Partnership Market movers: ETH: $3312.24 (-0.98%) BNB: $936.2 (-0.52%) XRP: $2.0699 (-1.57%) SOL: $143.15 (-1.37%) TRX: $0.3074 (+1.65%) DOGE: $0.13977 (-2.96%) WLFI: $0.1675 (-1.93%) ADA: $0.3927 (-2.46%) WBTC: $95452.18 (-1.00%) BCH: $600.3 (-2.36%) Top gainers on Binance: GLMR/USDT (+23%) DASH/USDT (+18%) MET/USDT (+16%)