Binance Market Update (2024-06-08)

The global cryptocurrency market cap now stands at $2.64T, up by 4.27% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $68,420 and $71,997 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $69,448, down by -2.47%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include WING, W, and KNC, up by 11%, 9%, and 7%, respectively.

Top stories of the day:

• Coindesk 20 Index Drops 1.3% With Only BTC and ADA Showing Growth

• ECB Cuts Interest Rates to Aid Inflation Target Restoration

• U.S. Bitcoin Spot ETF Records 19 Straight Days of Net Inflows, $132 Million Added Yesterday

• Russia to Implement Digital Ruble for International Transactions by Late 2025, Says Top Financial Official 

• Cryptocurrency Bull Market 'Reawakens' Following Interest Rate Cuts By Canadian And European Central Banks

• DeFi Applications Reach New Monthly High Since February 2022

• QCP Capital: Rising Unemployment and Strong Non-Farm Data Fuel Risk Aversion, Present "Buy the Dip" Opportunities

• June 7 Sees 3,689 BTC Inflows to 9 ETFs, BlackRock and ARK 21Share Lead Market Movements

• Strong U.S. Non-Farm Payrolls Data in May Diminishes Hopes for Federal Reserve September Rate Cut 

• New York Attorney General Files Lawsuit Against Cryptocurrency Companies Over $1 Billion Fraud

Market movers:

• ETH: $3693.22 (-3.13%)

• BNB: $691.7 (-1.47%)

• SOL: $162.3 (-5.55%)

• XRP: $0.498 (-4.83%)

• DOGE: $0.14758 (-8.38%)

• ADA: $0.4421 (-5.64%)

• SHIB: $0.00002383 (-5.47%)

• AVAX: $33.34 (-7.34%)

• WBTC: $69426.45 (-2.43%)

• TRX: $0.11359 (-0.64%)

Top gainers on Binance:

• WING/USDT (+11%)

• W/USDT (+9%)

• KNC/USDT (+7%)