Binance Market Update (2024-05-31)

The global cryptocurrency market cap now stands at $2.57T, down by -1.42% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $67,460 and $69,500 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,923, up by 0.51%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BEAMX, JASMY, and ORDI, up by 36%, 20%, and 17%, respectively.

Top stories of the day:

• KPMG Foresees Coexistence of Multiple Digital Currencies in Financial Market over Next Decade

• CryptoQuant CEO: Bitcoin's Market Atmosphere Mirrors Mid-2020, $1 Billion Daily Additions to New Whale Wallets

• Global Cryptocurrency Ownership Expected To Reach 562 Million By 2024

• US Bitcoin Spot ETF Sees Net Inflow of $48.8 Million

• Expectations for Fed Rate Cut Increase Amid Weak GDP Data; April's PCE Inflation Index Eyed

• Spot Ethereum ETF Likely To Launch In The US By June 

• QCP Capital: BTC Successfully Holds $67,100 Level; Launch of ETH Spot ETF May Offer Benefits 

• SEC Calls for Amended S-1 Form from Potential Spot Ethereum ETF Issuers 

• JPMorgan Chase: Ethereum Spot ETF Might Garner $3B in Inflows in 2021, Doubling if Staking is Permitted 

• Grayscale Follows BlackRock's Lead, Files Amended S-3 Registration Statement

Market movers:

• ETH: $3735.3 (+0.29%)

• BNB: $592 (+0.25%)

• SOL: $166.49 (+0.85%)

• XRP: $0.5189 (+0.31%)

• DOGE: $0.15885 (+0.39%)

• ADA: $0.4474 (-0.31%)

• SHIB: $0.00002571 (-1.19%)

• AVAX: $35.91 (+0.03%)

• WBTC: $67873.57 (+0.45%)

• LINK: $17.85 (-2.03%)

Top gainers on Binance:

• BEAMX/USDT (+36%)

• JASMY/USDT (+20%)

• ORDI/USDT (+17%)