Binance Market Update (2024-06-06)

The global cryptocurrency market cap now stands at $2.53T, down by -3.92% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $70,384 and $71,758 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $70,995, up by 0.01%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include FIDA, BURGER, and COMBO, up by 43%, 31%, and 28%, respectively.

Top stories of the day:

• BNB Price Surges Amid U.S. Bond Yield Dip and Ascending Triangle Breakout

• QCP Capital Analyst: Ethereum Options' Implied Volatility Surpasses Bitcoin, Likely Due to Anticipated Ethereum Spot ETF

• First 2x Ethereum Futures ETF ETHU Sees Trading Volume Triple on Second Day

• Ethereum Market Sentiment Hits 14-Month High as Price Oscillates between $3,700 and $3,900

• Economists Predict Federal Reserve's First Interest Rate Cut in September

• UAE Central Bank Approves Stablecoin Regulation and Licensing Rules

• US ADP Employment Figures Show Smallest Increase Since January

• US Reclaims Dominance in Cryptocurrency Markets

• Shift in Perception from US SEC Chairman Regarding Cryptocurrencies - Focus Now on Lack of Disclosure

• ETH ETF Approval 'Will Take Some Time'," Says US SEC Chairman

Market movers:

• ETH: $3852.01 (+1.34%)

• BNB: $704.2 (+1.06%)

• SOL: $173.24 (-0.39%)

• XRP: $0.524 (-0.83%)

• DOGE: $0.16221 (-0.69%)

• ADA: $0.4589 (-0.43%)

• SHIB: $0.00002565 (-1.87%)

• AVAX: $36.68 (+0.74%)

• WBTC: $70994.66 (+0.03%)

• DOT: $7.204 (-0.07%)

Top gainers on Binance:

• FIDA/USDT (+43%)

• BURGER/USDT (+31%)

• COMBO/USDT (+28%)