Binance Market Update (2024-05-22)

The global cryptocurrency market cap now stands at $2.61T, up by 7.60% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $69,163 and $71,475 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $70,018, down by -1.36%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PEOPLE, EDU, and PEPE, up by 35%, 30%, and 24%, respectively.

Top stories of the day:

• Ether Price Reaches Two-Month High Against Bitcoin as Bitcoin Tests $69K Level Ahead of ETF Decision

• 10x Research: Crypto Crucial in US Presidential Election; Major Revamps Expected Before May 28 Deadline

• BlackRock’s Bitcoin ETF Sees 6-Week Inflow High Amid Early-Week BTC Rally

• Ethereum Small Wallets Reach Record High While Large Holders Decrease

• Pepe Coin Soars to New High Amid Rising ETH Prices and Renewed ETF Approval Hopes

• Bitcoin On Course for 'Real Deal' Market Pump Towards $90K, Say Crypto Traders

• Terraform Co-Founders Allegedly Met With Montenegro Prime Minister Before Arrest 

• Hong Kong Privacy Commissioner Halts Worldcoin's Operations Due To Privacy Violations

• Uniswap Labs 'Ready to Fight' Potential SEC Enforcement, Supports the Financial Innovation and Technology for the 21st Century Act

• Reports Suggest, US SEC Likely to Approve Spot Ethereum ETF

Market movers:

• ETH: $3746.24 (+2.23%)

• BNB: $622.5 (+0.42%)

• SOL: $180.13 (-0.88%)

• XRP: $0.5348 (-1.51%)

• DOGE: $0.16845 (+3.08%)

• ADA: $0.4866 (-3.05%)

• AVAX: $41.06 (+1.86%)

• SHIB: $0.00002594 (+2.05%)

• DOT: $7.583 (+0.62%)

• WBTC: $70087.07 (-1.27%)

Top gainers on Binance:

• PEOPLE/USDT (+35%)

• EDU/USDT (+30%)

• PEPE/USDT (+24%)