Binance Market Update (2025-05-06)

The global cryptocurrency market cap now stands at $2.95T, down by -0.45% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $93,614 and $95,199 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,188, down by -0.44%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ASR, ALPINE, and TURBO, up by 51%, 49%, and 16%, respectively. Top stories of the day: Swiss Central Bank Governor Criticizes Cryptocurrency Volatility BNB Chain Launches Model Context Protocol for AI Integration Florida Halts Progress on Two Bitcoin Reserve Proposals Ripple's XRP Holdings Increase in First Quarter of 2025 US SEC Intensifies Focus on Digital Assets as Mentions of 'Cryptocurrency' and 'Stablecoins' Surge in Filings U.S. Banks Adjust Economic Forecasts Amid Optimism CFTC to Observe Tokenization Pilot Projects for Real-World Insights New U.S. House Draft Clarifies Digital Commodity Transactions BNB News: CZ Advises Kyrgyzstan to Add BTC and BNB to National Crypto Reserves U.S. Treasury Faces May 5 Deadline to Submit Bitcoin Reserve Assessment Under Trump’s Executive Order Bitcoin News: Strategy Increases Bitcoin Holdings by 1,895 BTC at $95K Average Price, Now Holds Over $38B in BTC Crypto News Today: Crypto Investment Inflows Hit $2B as Bitcoin, Ethereum Lead Institutional Demand Market movers: ETH: $1797.72 (-1.66%) XRP: $2.1003 (-4.09%) BNB: $596.67 (+0.52%) SOL: $144.25 (-1.61%) DOGE: $0.1677 (-3.95%) ADA: $0.6592 (-3.78%) TRX: $0.245 (-1.25%) WBTC: $94150.33 (-0.46%) TRUMP: $10.74 (-3.68%) SUI: $3.2863 (-4.99%) Top gainers on Binance: ASR/USDT (+51%) ALPINE/USDT (+49%) TURBO/USDT (+16%)