Binance Market Update (2024-07-05)

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 $53,486 and $58,813 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $54,350, down by -5.54%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include GFT, PDA, and CREAM, up by 13%, 8%, and 7%, respectively.

Top stories of the day:

• Mt. Gox Initiates Repayments in Bitcoin and Bitcoin Cash to Creditors

• Ethereum ETF Launch May Disappoint Compared to Bitcoin ETF, Says Analyst Balchunas

• Bitcoin Balance On CEX Reaches Nearly One-Year Low

• Potential Collapse of Dollar-Based System Could Benefit Bitcoin Holders, Says Jefferies' Chief Strategist

• Bitcoin Likely To Reach Its Peak In Mid-2025, Data Suggests 

• Mid-Year 2024 Report Reveals $314 Million Losses to Phishing Attacks on EVM Chain 

• CoinMarketCap Research Report: Bullish Sentiment Driven by ETFs and Institutional Investments 

• Russia Considers Incorporating Stablecoins Into Upcoming Legislation For Cross-Border Payments 

• Hamilton Launches Tokenized US Treasury Bills On Bitcoin L2 Blockchain

Market movers:

• ETH: $2870.95 (-9.15%)

• BNB: $467.5 (-11.24%)

• SOL: $125.03 (-7.01%)

• XRP: $0.4045 (-10.17%)

• DOGE: $0.09628 (-13.43%)

• ADA: $0.332 (-15.39%)

• TRX: $0.12216 (-4.37%)

• AVAX: $23.24 (-9.78%)

• WBTC: $54312.01 (-5.66%)

• SHIB: $0.00001325 (-13.46%)

Top gainers on Binance:

• GFT/USDT (+13%)

• PDA/USDT (+8%)

• CREAM/USDT (+7%)