Binance Market Update (2024-05-18)

The global cryptocurrency market cap now stands at $2.40T, up by 0.45% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $65,828 and $67,451 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $67,018, up by 1.23%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include FOR, CREAM, and ZRX, up by 37%, 28%, and 22%, respectively.

Top stories of the day:

• BNB Chain Announces 67% Completion Of BNB Staking Migration 

• Litecoin Network Achieves Milestone with Over 245 Million Transactions

• Bi-Weekly Market Update: Near Protocol Leads With 10% Gain, Cosmos and Aptos Dip 

• Only 25% of Bitcoin ETF Holdings Disclosed in 13F Document, Totalling $15 Billion, Says CoinShares Research Director

• US SEC Expected To Announce Decision On Ethereum Spot ETF Applications

• Bankrupt Crypto Lending Firm Genesis Global To Return $3 Billion To Clients 

• Fidelity's FBTC Sees Net Inflow of $99.4 Million 

• US Federal Reserve Board Member Indicates Willingness to Support Interest Rate Hike 

• Institutions Increasingly Adopting Bitcoin, Says SkyBridge Capital Founder 

• Shiba Inu Struggles to Break Key Resistance Level, Faces Potential Decline

Market movers:

• ETH: $3112.4 (+2.69%)

• BNB: $579.9 (+0.55%)

• SOL: $173.57 (+3.12%)

• XRP: $0.524 (+0.85%)

• DOGE: $0.15514 (+1.27%)

• ADA: $0.4822 (+0.37%)

• SHIB: $0.00002491 (+0.44%)

• AVAX: $37.23 (+2.51%)

• TRX: $0.12434 (+0.19%)

• WBTC: $66997.96 (+1.00%)

Top gainers on Binance:

• FOR/USDT (+37%)

• CREAM/USDT (+28%)

• ZRX/USDT (+22%)