The global cryptocurrency market cap now stands at $1.85T, down by -13.84% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $49,543 and $56,276 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $54,952, up by 4.12%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include AMB, PENDLE, and GFT, up by 47%, 42%, and 38%, respectively.

Top stories of the day:

Binance CEO Richard Teng: Market Volatility Driven By Macroeconomic Factors, Not A Long-term Negative Trend 

Global Stock Futures Continue Upward Trend

Australian Central Bank Expected To Maintain Interest Rates

Peter Brandt: Bitcoin Decline Mirrors Start of 2016 Bull Run, Says Peter Brandt

Major Firms Hold Bitcoin Amid Market Downturn

Fidelity Reports Significant Inflows and Outflows in Cryptocurrency Funds

Nikkei 225 Index Surges 8% in Early Trading

Raoul Pal Plans to Increase Cryptocurrency and Tech Stock Holdings 

Meme Coins Experience Significant Rebound
Probability Of Fed Emergency Rate Cut In 2024 Rises To 50%

Market movers:

ETH: $2457.07 (+5.63%)

BNB: $479.3 (+7.06%)

SOL: $137.97 (+13.45%)

XRP: $0.5016 (+7.20%)

DOGE: $0.09691 (+11.53%)

ADA: $0.3246 (+7.34%)

TRX: $0.1227 (+1.83%)

WBTC: $54961.66 (+4.28%)

AVAX: $20.49 (+8.82%)

SHIB: $0.00001343 (+14.01%)

Top gainers on Binance:

AMB/USDT (+47%)

PENDLE/USDT (+42%)

GFT/USDT (+38%)