Binance Market Update (2024-05-14)

The global cryptocurrency market cap now stands at $2.31T, up by 2.52% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $61,404 and $63,450 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $61,885, down by -1.97%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BB, PEOPLE, and PEPE, up by 1670%, 22%, and 21%, respectively.

Top stories of the day:

• Binance Kazakhstan Secures ISO 27001 and 27701 Certifications, Demonstrating Commitment to Security and Privacy

• Binance Research: Current Stagflation Fears May Be Overblown as Crypto Readies for More Sustainable Growth

• BlackRock Emerges as a Contender for World’s Largest Bitcoin Fund

• US Spot Bitcoin ETFs Record Net Inflows of Almost $66 Million Led by FBTC

• Crypto Hedge Fund's Counterintuitive Approach to Probable Ethereum ETF Rejection 

• Tether Freezes Approximately 5.2 Million USDT across 12 Addresses 

• Ripple Seeks To Seal Certain Documents Related To SEC Lawsuit 

• Fidelity's FBTC and VanEck's HODL Witness Significant Inflows 

• Swiss Bank UBS and Montreal Bank Hold Bitcoin Spot ETFs 

• Standard Chartered Hong Kong Completes Tokenization Test With Mox, Mastercard, and Libeara

Market movers:

• ETH: $2912.9 (-2.43%)

• BNB: $587.6 (-1.61%)

• SOL: $146.65 (+0.09%)

• XRP: $0.5084 (+0.67%)

• DOGE: $0.15033 (+4.01%)

• ADA: $0.4363 (-3.30%)

• SHIB: $0.00002387 (+0.67%)

• AVAX: $32.92 (-2.31%)

• TRX: $0.12495 (-1.71%)

• WBTC: $61859.02 (-2.04%)

Top gainers on Binance:

• BB/USDT (+1670%)

• PEOPLE/USDT (+22%)

• PEPE/USDT (+21%)