Binance Market Update (2024-05-16)

According to CoinMarketCap data, the global cryptocurrency market value is at 2.26 trillion dollars, with a -0.44% decrease compared to the last day.

Bitcoin (BTC) has been trading between $62,010 and $66,666 in the last 24 hours. As of 09:30 (UTC) today, BTC is trading at $66,274, up 6.81%.

Most of the major cryptocurrencies by market cap are trading mixed. The market's top performers include PEOPLE, CHR, and SEI, up 41%, 29%, and 27%, respectively.

Today's top stories:

Solana Outperforms Ethereum in Total Economic Value for a Single Day

Shiba Inu Marketing Leader Discusses Potential Altcoin Season

Cardano's Market Cap Rises Amid Positive CPI Data Response

Market Recovers, Cryptocurrency BTC Rises After CPI Data Meets Expectations

Morgan Stanley Invests $269.9 Million in Bitcoin ETF Through Grayscale GBTC

Cryptocurrency Projects Financing Transactions Increased by 3.8% in April 2024

Memecoin Sector Sees Broad Increase, Top Gainers Include Solana and Core Ecosystem

Bitcoin Price Rises in Response to Slowing US Inflation

Fed's Kashkari: Fed May Maintain Current Interest Rates to Determine the Direction of Inflation

Matrixport Report Highlights Bitcoin Is Undervalued Despite Nasdaq Index Reaching Historical High



Market movers:

ETH: $3,002.99 (+3.62%)

BNB: $582.1 (+2.75%)

MARKET: $162.51 (+13.26%)

XRP: $0.5185 (+3.87%)

DOGE: $0.15536 ​​(+4.77%)

ADA: $0.4551 (+5.44%)

SHIB: $0.00002533 (+7.06%)

AVAX: $34.57 (+6.37%)

TRX: $0.1246 (-0.85%)

WBTC: $66,260.05 (+6.85%)

Top earners on Binance:

PERSON/USDT (+41%)

CHR/USDT (+29%)

SEI/USDT (+27%)

Binance

Bitcoin

Ethereum

BTC

$66,329.99

+5.77%

ETH

$3,010

+3.02%

BNB

$582.8

+2.28%