Binance Market Update (2024-05-17)

The global cryptocurrency market cap now stands at $2.39T, up by 5.72% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $64,603 and $66,752 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,206, down by -0.08%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include NOT, LINK, and LOOM, up by 742%, 19%, and 17%, respectively.

Top stories of the day:

• Binance Aids Taiwan Authorities in a Major Virtual Asset-Related Money Laundering Case Worth Nearly NT$200 Million

• Binance Security Unveils Anti-Poisoning Algorithm to Safeguard Users’ Digital Assets

• Bitcoin Analysis: Break Above $70K Essential, Charts Otherwise 'Noise,' says Analyst 

• BlackRock's Bitcoin ETF Surpasses Rivals in Key Metrics 

• Solana's Market Trajectory Takes a Significant Leap Forward

• Pump.fun Attacker's New Token FSA Witnesses an Enormous 89,016.79% Increase After Launch

• CME's 'Fed Watch' Data Predicts High Probability for Unchanged Interest Rates in June and August

• Reuters Survey Points to a Fourth Quarter Interest Rate Cut by RBNZ

• U.S. Unemployment Claims Drop as Labor Market Exhibits Strong Momentum

• K33 Research Analyst: Nearly 1,000 Professional Firms Invest in U.S. Bitcoin Spot ETF as of March End

Market movers:

• ETH: $3030.8 (+0.93%)

• BNB: $576.7 (-0.91%)

• SOL: $168.33 (+3.57%)

• XRP: $0.5196 (+0.19%)

• DOGE: $0.15322 (-1.38%)

• ADA: $0.4805 (+5.58%)

• SHIB: $0.0000248 (-2.13%)

• AVAX: $36.32 (+5.06%)

• TRX: $0.12411 (-0.39%)

• DOT: $7.254 (+5.05%)

Top gainers on Binance:

• NOT/USDT (+742%)

• LINK/USDT (+19%)

• LOOM/USDT (+17%)