Binance Market Update (2024-05-09)

The global cryptocurrency market cap now stands at $2.29T, down by -2.67% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $60,888 and $62,828 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $61,080, down by -1.83%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include UMA, FRONT, and KMD, up by 36%, 24%, and 17%, respectively.

Top stories of the day:

• Binance Assists Dutch Authorities in Recovering Millions from ZKasino Gambling Platform Scam 

• European Securities and Markets Authority Considers Including Cryptocurrencies in Investment Products

• Swan Executive: Possible Yen Decline Could Benefit Bitcoin

• K33 Research: Crypto Investors Hungry for Next SocialFi Breakthrough

• Robinhood Crypto Trading Surges 224%, CEO Calls SEC Action 'Disappointing'

• US Bitcoin ETF Sees Net Inflow of $12 Million

• Ethereum (ETH) Struggles Amid Reduced ETF Approval Chances and Rising U.S. Inflation

• Bitcoin (BTC) Price Down 23% Since March High, Accumulation Slowing

• Analysts Predict Bitcoin Price to Reach $265K as Network Fundamentals Strengthen

• XRP Experiences Significant Surge in Bullish Liquidations Amid Price Decline

Market movers:

• ETH: $2978.2 (-0.55%)

• BNB: $597.9 (+3.10%)

• SOL: $143.16 (-1.69%)

• XRP: $0.5158 (-0.90%)

• DOGE: $0.14515 (-1.61%)

• ADA: $0.4541 (+3.02%)

• SHIB: $0.00002259 (-0.26%)

• AVAX: $34.1 (-1.22%)

• TRX: $0.12444 (+2.43%)

• DOT: $6.884 (-2.23%)

Top gainers on Binance:

• UMA/USDT (+36%)

• FRONT/USDT (+24%)

• KMD/USDT (+17%)