Binance Market Update (2024-05-16)

The global cryptocurrency market cap now stands at $2.26T, down by -0.44% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $62,010 and $66,666 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $66,274, up by 6.81%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include PEOPLE, CHR, and SEI, up by 41%, 29%, and 27%, respectively.

Top stories of the day:

• Solana Surpasses Ethereum in Total Economic Value for a Single Day

• Shiba Inu Marketing Lead Discusses Potential Altcoin Season

• Cardano's Market Capitalization Soars Amid Positive CPI Data Response

• Market Rebounds After CPI Data Meets Expectations, Cryptocurrency BTC Rises

• Morgan Stanley Invests $269.9 Million in Bitcoin ETF Through Grayscale GBTC

• Cryptocurrency Projects Financing Transactions Increase by 3.8% in April 2024

• Memecoin Sector Sees Broad Increase, Top Gainers Include Solana and Base Ecosystem

• Bitcoin Price Rises in Response to Slowing U.S. Inflation

• Fed's Kashkari: Fed May Maintain Current Interest Rates to Discern Inflation Direction

• Matrixport Report Suggests Bitcoin Undervalued Despite Nasdaq Index Reaching Historic High
   

Market movers:

• ETH: $3002.99 (+3.62%)

• BNB: $582.1 (+2.75%)

• SOL: $162.51 (+13.26%)

• XRP: $0.5185 (+3.87%)

• DOGE: $0.15536 (+4.77%)

• ADA: $0.4551 (+5.44%)

• SHIB: $0.00002533 (+7.06%)

• AVAX: $34.57 (+6.37%)

• TRX: $0.1246 (-0.85%)

• WBTC: $66260.05 (+6.85%)

Top gainers on Binance:

• PEOPLE/USDT (+41%)

• CHR/USDT (+29%)

• SEI/USDT (+27%)