Binance Market Update (2024-05-03)

The global cryptocurrency market cap now stands at $2.16T, up by 1.59% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $57,561 and $59,999 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $59,371, up by 2.81%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include TRB, PROM, and LEVER, up by 44%, 27%, and 22%, respectively.

Top stories of the day:

• BNB Chain Unveils Ecological Report for Q1 2024, Reports DAU of 1.4 Million and a 5.3% Growth in Unique Addresses

• Binance Web3 Wallet: Integrating ARC-20, Taproot, and New Features for an Enhanced User Experience

• Meme Coin Sector Surpasses $50 Billion Market Cap

• Ripple Challenges SEC's Evidence Classification in Ongoing Legal Battle

• 10xResearch: Bitcoin Investors Should Be Aware Of Potential Fake Dip

• Solana's Jupiter Ecosystem Achieves Highest Number of Active Independent Wallets

• Retail Investors Play Larger Role in Crypto Market Sell-Off, Says JPMorgan

• Block Reports Impressive Q1 Profits, With Significant Growth in Cash App and Square

• Ether (ETH) Price Rise Boosted by Strong Hong Kong Spot ETF and Expected Looser US Monetary Policy

• US Lawmakers Advocate for SEC Approval on Bitcoin Options Trading

• Bitcoin (BTC) Price Expected to Bounce Back after Federal Reserve Keeps Rates Unchanged

Market movers:

• ETH: $2976.95 (+1.17%)

• BNB: $565.7 (+2.24%)

• SOL: $138.13 (+3.69%)

• XRP: $0.5211 (+1.46%)

• DOGE: $0.13278 (+3.53%)

• ADA: $0.45 (+0.20%)

• SHIB: $0.00002291 (+3.76%)

• AVAX: $33.7 (+2.49%)

• TRX: $0.12205 (-0.08%)

• DOT: $7.036 (+0.95%)

Top gainers on Binance:

• TRB/USDT (+44%)

• PROM/USDT (+27%)

• LEVER/USDT (+22%)