Binance Market Update (2025-11-06)

The global cryptocurrency market cap now stands at $3.38T, down by -1.95% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $101,285 and $104,535 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $102,974, up by 1.08%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ALCX, GIGGLE, and RESOLV, up by 124%, 77%, and 46%, respectively. Top stories of the day: U.S. Stock Market Experiences Significant Divergence Ethereum Achieves Record Transactions Per Second with Layer 2 Integration Major U.S. Mining Companies Reduce Bitcoin Holdings Citi and DTCC Advance Tokenized Collateral Amid Regulatory Challenges Crypto News Today: Bitcoin Rebounds Above $104K as Ether and Altcoins Recover; Futures Show Market Caution Crypto News: Bitcoin Rebounds Above $103K as Altcoins Attempt Recovery Amid Strong Dollar Altcoins News: Internet Computer (ICP) Price Falls 25% After $6.50 Rally as Profit-Taking and Volatility Hit Altcoins Ripple Raises $500M Led by Fortress and Citadel Securities to Advance Blockchain Payments Grayscale Waives Fees for Solana Trust ETF to Boost Investor Participation U.S. October Services PMI Misses Forecast at 54.8, Composite Index Also Eases Fed’s Milan Says Policy Too Restrictive, Sees Room for Further Rate Cuts Federal Reserve Official Comments on Core PCE and Stock Market Policy U.S. Supreme Court Begins Hearings on Trump Tariffs U.S. October PMI Data Shows Slight Decline Kazakhstan Considers Investing Reserves in Cryptocurrency U.S. ADP Employment Rises by 42,000 in October, Largest Increase Since July 2025 Federal Reserve December Rate Cut Probability at 70.1% Morgan Stanley CEO Predicts Economic Growth and Stable Labor Market U.S. October ADP Report Expected to Show 28,000 Job Gain Amid Government Shutdown Wintermute Report: Crypto Market Recovery Depends on ETF and DAT Inflows as Liquidity Flows to AI and Stocks DeFiance Capital Founder: Another 20% Bitcoin Drop Could Hit Retail Investors Harder Than 2022 Crash Ethereum Market Cap Falls Below $400 Billion After 10.6% Drop in 24 Hours Polymarket Predicts 32% Chance U.S. Government Shutdown Extends Beyond Mid-November Goldman Sachs, Morgan Stanley Warn of 15% Stock Market Correction Across U.S., Japan, and South Korea U.S. Dollar Falls to 153.54 Yen as Bank of Japan Signals Further Rate Hikes Market movers: ETH: $3386.84 (+2.40%) BNB: $953.57 (+0.51%) XRP: $2.3087 (+3.42%) SOL: $159.36 (+1.70%) TRX: $0.2871 (+0.14%) DOGE: $0.16317 (-0.39%) ADA: $0.5353 (+0.68%) WBTC: $102893.06 (+1.01%) WLFI: $0.1186 (+1.54%) LINK: $14.89 (+0.74%) Top gainers on Binance: ALCX/USDT (+124%) GIGGLE/USDT (+77%) RESOLV/USDT (+46%)