Binance Market Update (2024-05-24)

The global cryptocurrency market cap now stands at $2.60T, up by 0.06% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $66,312 and $70,096 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,161, down by -3.67%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include AUDIO, PEOPLE, and OGN, up by 51%, 21%, and 16%, respectively.

Top stories of the day:

• Bank of America: Cryptocurrency Funds Draw Fifth-Largest Inflows on Record

• European Stocks Dip Amid Uncertainty Over Fed's Capacity to Reduce Rates

• High Correlation Between CME Ethereum Futures and Spot Trading Drives Ethereum Spot ETF, Reveals SEC Documents

• Polymarket Faces Controversy Over 'Approved' Verdict on $13M Ethereum ETF Bet

• Spot Ethereum ETF Expected To Be Listed In July Or August

• BlackRock's Ethereum ETF Listed on DTCC Website

• Spot ETH ETF Decision Leads to $350M Liquidations Amidst Wild Crypto Price Fluctuations

• SEC Approves 19B-4 Form for Spot Ethereum ETF, Official Trading Time to Be Determined

• US House of Representatives Passes Bill Prohibiting Federal Reserve from Creating Central Bank Digital Currency

• US Dollar Index Continues to Rise, Federal Reserve's First Rate Cut Expected in December

Market movers:

• ETH: $3663.15 (-4.49%)

• BNB: $594.3 (-3.38%)

• SOL: $164.85 (-7.03%)

• XRP: $0.5241 (-0.83%)

• DOGE: $0.15795 (-5.82%)

• ADA: $0.4593 (-5.04%)

• AVAX: $37.29 (-6.40%)

• SHIB: $0.00002385 (-6.40%)

• WBTC: $67047.81 (-4.00%)

• DOT: $7.144 (-5.59%)

Top gainers on Binance:

• AUDIO/USDT (+51%)

• PEOPLE/USDT (+21%)

• OGN/USDT (+16%)