Binance Market Update (2024-05-04)

The global cryptocurrency market cap now stands at $2.21T, up by 2.13% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $58,850 and $63,595 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,260, up by 6.56%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include REZ, OM, and CKB, up by 23%, 21%, and 20%, respectively.

Top stories of the day:

• Meme Tokens Witness Significant Surge

• Understanding Market Makers: Their Role and Influence in Cryptocurrency Trading

• USDT Supply on Ton Increases to $130 Million

• Historic Total Net Inflow Achieved by US Bitcoin Spot ETFs

• Franklin Templeton's EZBC Records Historic High Net Inflow

• Institutional Interest in Bitcoin ETFs Revealed Through 13F Filings 

• U.S. Unemployment Rate Sees a Slight Increase, Rising to 3.9% in April 2024 

• Scam Sniffer Identifies Suspicious Ethereum Transfer Worth over $900k to A Drainer Fee Address 

• Non-farm U.S. Payroll Sees a Rise of 175,000 in April, Touching Lowest Levels Since October 2023

• Solana's on-chain NFT Sales Hit the Lowest Record in 2024 

Market movers:

• ETH: $3108.27 (+4.43%)

• BNB: $585.4 (+3.48%)

• SOL: $144.88 (+4.90%)

• XRP: $0.5308 (+1.86%)

• DOGE: $0.151 (+13.76%)

• ADA: $0.4686 (+4.13%)

• SHIB: $0.0000248 (+8.25%)

• AVAX: $35.63 (+5.73%)

• TRX: $0.12313 (+0.89%)

• DOT: $7.173 (+1.98%)

Top gainers on Binance:

• REZ/USDT (+23%)

• OM/USDT (+21%)

• CKB/USDT (+20%)