Binance Market Update (2022-05-20)
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The global cryptocurrency market cap now stands at $1.24T, down by -3.40% over the last day, according to CoinMarketCap data.
Bitcoin (BTC) has been trading between $29,050 and $30,736 over the past 24 hours. As of 04:00 PM (UTC) today, BTC is trading at $29,106, down by -4.15%.
Most major cryptocurrencies by market cap are trading lower. Market outperformers include TROY, PSG, and LOKA, up by 30%, 17%, and 16%, respectively.
Top stories of the day:
- Tether CTO: USDT Reserves is Fully BackedTether’s CTO reiterates that the stablecoin is fully backed.
- Bitcoin Returns Above $30K, Resistance at $35KThe relative strength index (RSI) on the daily chart is rising from oversold levels, which could keep short-term buyers active.
- Avalanche Says Luna Foundation Guard Has 'Disclosed No Plans' for AVAX TokensThe market value of the AVAX stash is about $60 million, making it the second-largest holding in LFG’s dwindling $240 million treasury.
- Market Wrap: Cryptos Pare Earlier Losses, Bitcoin OutperformsBitcoin (BTC) briefly rose above $30,000 on Tuesday, extending its weeklong trading range higher.
- USDC Increasingly Becoming Preferred Stablecoin Over USDTThe latest data from Glassnode suggests USDC may be becoming the crypto market’s preferred stablecoin over USDT.
- G7 Finance Ministers Call to Accelerate Global Crypto Regulations Following UST Collapse: ReportFinance ministers from the Group of Seven (G7) large developed economies are set to call for faster global crypto regulations in the wake of the collapse of the terraUSD stablecoin last week, according to Reuters.
- ETH: $1959.64 (-3.03%)
- BNB: $298.6 (-2.70%)
- XRP: $0.4102 (-2.66%)
- ADA: $0.5106 (-5.34%)
- SOL: $49.38 (-7.13%)
- DOGE: $0.0835 (-3.69%)
- DOT: $9.62 (-5.69%)
- AVAX: $28.64 (-7.85%)
- TRX: $0.07277 (-1.89%)
- SHIB: $0.00001151 (-4.00%)
Top gainers on Binance:
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