The global cryptocurrency market cap now stands at $2.30T, down by -0.87% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $60,505 and $65,524 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $61,569, down by -4.55%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include ELF, BETA, and ZEC, up by 16%, 15%, and 6%, respectively.

Top stories of the day:

Morgan Stanley Approves Bitcoin ETFs For Qualified Clients, A First Among Major Banks

U.S. Stock Market Declines As Recession Fears Rise 

Bitcoin Withdrawals From Exchanges Reach Nine-Year High Amid Market Volatility 

Cryptocurrency Market Cap Falls To $2.29 Trillion With 4.3% Drop In 24 Hours 

Ethereum Spot ETFs Experience Significant Net Outflows 

MicroStrategy Plans To Raise $2 Billion Through Class A Shares Sale 

Genesis Completes Restructuring And Begins Creditor Payouts 

Benchmark Raises MicroStrategy Price Target To $2,150 Despite Revenue Miss 

Fed Officials Anticipate Multiple Rate Cuts In 2025 

Fed Must Respond If Unemployment Exceeds 4.1%, Says Chicago Fed President

Market movers:

ETH: $2984.69 (-5.32%)

BNB: $538.8 (-5.84%)

SOL: $149.2 (-8.76%)

XRP: $0.5676 (-1.15%)

DOGE: $0.11288 (-3.48%)

ADA: $0.3683 (-4.76%)

TRX: $0.1252 (-1.65%)

WBTC: $61639.45 (-4.50%)

AVAX: $23.58 (-6.17%)

SHIB: $0.0000146 (-5.44%)

Top gainers on Binance:

ELF/USDT (+16%)

BETA/USDT (+15%)

ZEC/USDT (+6%)