Binance Market Update (2024-07-06)

The global cryptocurrency market cap now stands at $2.32T, up by 2.10% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $54,317 and $57,040 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $56,476, up by 3.90%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include ZRO, STMX, and UNFI, up by 43%, 28%, and 27%, respectively.

Top stories of the day:

• US Bitcoin Spot ETFs Increase Holdings by 166 BTC

• July's Federal Reserve Meeting Anticipated to be More Interesting Following June's Employment Report

• CoinDesk 20 Index Experiences 5.7% Drop, All Assets Trading Lower 

• U.S. June Nonfarm Payrolls Surpass Expectations, Reach 206,000

• United Kingdom High Court Issues Global Freezing Order Against Craig Wright

• US Job Market Shows Strength in June Despite Slight Dip

• Matrixport Predicts Potential Interest Rate Cuts By Federal Reserve

• US Unemployment Rate Announcement Expected to Impact Cryptocurrency Market 

• Bitcoin Mining Difficulty Adjusts Downwards By 5% To 79.5 T 

• US Federal Reserve's Semi-Annual Monetary Policy Report Indicates Progress in Inflation

Market movers:

• ETH: $2988.68 (+4.08%)

• BNB: $506 (+8.24%)

• SOL: $137.7 (+10.05%)

• XRP: $0.4308 (+6.50%)

• DOGE: $0.10774 (+11.90%)

• ADA: $0.3502 (+5.42%)

• TRX: $0.12888 (+5.51%)

• AVAX: $25.38 (+9.16%)

• SHIB: $0.00001529 (+15.40%)

• WBTC: $56503.6 (+4.24%)

Top gainers on Binance:

• ZRO/USDT (+43%)

• STMX/USDT (+28%)

• UNFI/USDT (+27%)