Binance Market Update: Crypto Market Trends | May 9, 2025

According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.26T, up by 5.54% over the last day.

Bitcoin (BTC) traded between $99,091 and $104,361 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $102,524, up by 2.88%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include SXT, PNUT, and PEPE, up by 140%, 56%, and 41%, respectively.

Top stories of the day:

• Bitcoin $120K Forecast May Be Too Modest, Says Standard Chartered as ETF Inflows Top $4B

• Bitcoin Price Surges Past $101K as U.S. Legalizes Strategic BTC Reserves and Global Adoption Rises

• U.S. and UK to Establish Aluminium and Steel Trade Zone 

• Fed Awaits Clarity Amid Rising Risks, June Rate Cut Unlikely 

• SEC and Ripple Reach Settlement to End Legal Dispute 

• BNB Chain Achieves Record Transaction Speed 

• Ethereum Leads Cryptocurrency Surge Amid Global Trade Optimism

• BNB Chain and Binance Alpha Show Strong Synergy: 40% Are BSC Native Projects, Weekly Trading Volume Doubles 

• Binance Tops CoinDesk’s April 2025 Exchange Benchmark as Global Market Matures 

• Brazil's B3 to Launch Ethereum and Solana Futures in June

Market movers:

ETH: $2310.64 (+19.07%)

XRP: $2.3435 (+6.29%)

BNB: $629.69 (+2.28%)

SOL: $164.76 (+7.86%)

DOGE: $0.20315 (+10.94%)

ADA: $0.7782 (+8.81%)

TRX: $0.2588 (+3.27%)

TRUMP: $13.75 (+12.70%)

WBTC: $102550.93 (+2.96%)

SUI: $3.9174 (+5.94%)