Binance Market Update (2025-05-07)

The global cryptocurrency market cap now stands at $2.92T, down by -0.96% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $93,377 and $97,732 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,919, up by 2.90%. Most major cryptocurrencies by market cap are trading higher. Market outperformers include SYRUP, KAITO, and LUMIA, up by 67%, 43%, and 23%, respectively. Top stories of the day: Bhutan and Binance Pay Launch First National Crypto Tourism Payment System Bitcoin Market Share Reaches Four-Year High Bitcoin Wallet Activity Suggests Potential Market Shift Federal Reserve's Interest Rate Decision Anticipated with Minimal Rate Cut Probability China and U.S. to Engage in Trade Talks in Switzerland Senate Democrats Propose Bill to Ban Federal Officials from Issuing Digital Assets CFTC Withdraws Appeal Against Crypto Prediction Platform Kalshi UK and US Near Trade Agreement to Reduce Tariffs on Steel and Automotive Exports Atlanta Fed's GDPNow Model Predicts 2.2% Growth for U.S. Q2 GDP New Hampshire Becomes First U.S. State to Pass Strategic Bitcoin Reserve Bill BNB Projected to Reach $2,775 by 2028, Says Standard Chartered BNB Chain Announces Strategic Investments Starting at $100K for Ecosystem Builders Fed's Potential Actions Could Boost Dollar Amid Rate Cut Speculations Market movers: ETH: $1840.02 (+2.35%) XRP: $2.1436 (+2.06%) BNB: $605.96 (+1.56%) SOL: $147.7 (+2.40%) DOGE: $0.17341 (+3.40%) ADA: $0.6839 (+3.76%) TRX: $0.2453 (+0.16%) WBTC: $96880.12 (+2.88%) TRUMP: $11 (+2.52%) SUI: $3.4021 (+3.52%) Top gainers on Binance: SYRUP/USDT (+67%) KAITO/USDT (+43%) LUMIA/USDT (+23%)