Binance Market Update (2024-05-05)

The global cryptocurrency market cap now stands at $2.34T, up by 5.66% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $62,822 and $64,540 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,684, up by 0.67%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include GLM, ONG, and NULS, up by 40%, 13%, and 10%, respectively.

Top stories of the day:

• Bitcoin Network Sees Short-Term Surge in Optimal Transaction Fee

• Vodafone Plans to Integrate Cryptocurrency Wallets with SIM Cards Amidst $2.9 Billion Debt Funding Plan

• Traders Predict: Bitcoin May 'Propel the Next Leg Up' with Key Trading Pattern Confirmation

• Cryptocurrency Market Experiences $99.45 Million Liquidation in 24 Hours

• SUI Blockchain Transactions Surge 20-Fold, Surpassing Solana

• NEAR's Q1 2024 Report Shows Significant Growth

• Federal Reserve Reduces Balance Sheet to Below $7.4 Trillion

• Berkshire Hathaway's Cash Holdings Expected to Reach $200 Billion by June 2024

• Ethereum Shows Signs Of Recovery After Failing To Break $4,000 Resistance

• Tesla Announces Dogecoin As New Payment Method

Market movers:

• ETH: $3138.37 (+0.97%)

• BNB: $587.4 (+0.34%)

• SOL: $145.43 (+0.37%)

• XRP: $0.5294 (-0.24%)

• DOGE: $0.16183 (+7.15%)

• ADA: $0.4587 (-2.11%)

• SHIB: $0.00002476 (-0.16%)

• AVAX: $36.94 (+3.68%)

• TRX: $0.12146 (-1.35%)

• DOT: $7.101 (-1.00%)

Top gainers on Binance:

• GLM/USDT (+40%)

• ONG/USDT (+13%)

• NULS/USDT (+10%)