Binance Market Update (2024-05-02)

The global cryptocurrency market cap now stands at $2.13T, down by -6.55% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $56,625 and $59,468 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $57,751, up by 0.59%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include VGX, COS, and COMBO, up by 48%, 19%, and 17%, respectively.

Top stories of the day:

• NFT Sales Drop By 31.26% In April, Bitcoin Leads The Market

• April Spot Trading Volume on DEX Drops by 28.4%, Uniswap Dominates with 55.89% Market Share

• Bitcoin Spot ETF Records Highest Net Outflow in History

• Terraform And Kwon Challenge SEC's Lawsuit Over $40 Billion Loss

• Riot Platforms Reports Record Quarterly Earnings In Q1 2024

• MicroStrategy To Launch Bitcoin-Based DID Protocol

• Bitcoin (BTC) Price Forecast: Traders Peg $50K as Next Target as BTC Loses Key Support Level

• Bitcoin (BTC) Nearing Bottom? – 3 Indicative Signs Emerge

• Federal Reserve Chairman Powell Confirms Restrictive Monetary Policy Is Fulfilling Its Duty

• SOL/BTC Exchange Rate Sees 10.17% Increase

Market movers:

• ETH: $2942.59 (+2.04%)

• BNB: $553.3 (+0.65%)

• SOL: $133.22 (+9.52%)

• XRP: $0.5136 (+5.07%)

• DOGE: $0.12827 (+3.07%)

• ADA: $0.4491 (+4.47%)

• SHIB: $0.00002209 (+4.99%)

• AVAX: $32.89 (+5.25%)

• TRX: $0.12215 (+2.80%)

• DOT: $6.97 (+9.73%)

Top gainers on Binance:

• VGX/USDT (+48%)

• COS/USDT (+19%)

• COMBO/USDT (+17%)