Binance Market Update (2025-06-05)

The global cryptocurrency market cap now stands at $3.32T, up by 0.52% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $104,179 and $106,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $104,755, down by -0.63%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include RVN, LPT, and ACA, up by 67%, 10%, and 7%, respectively.

Top stories of the day:

• Binance Futures to Launch LAUSDT Perpetual Contract With 50x Leverage on June 5

• Binance Completes Doodles (DOOD) Airdrop to MUBARAK, BROCCOLI714, TST, 1MBABYDOGE, and KOMA Holders

• Digital Asset Treasuries Emerge as New Investment Tools

• SEC Delays Decision on Canary Spot SUI ETF Application

• U.S. Court Rejects Apple's Request to Delay App Store Changes

• U.S. Treasury Hosts Financial Stability Oversight Council Meeting

• JPMorgan Plans to Offer Cryptocurrency ETF Financing

• U.S. Treasury Yields Reach Lowest Level Since Early May

• Global X Launches Bitcoin Covered Call ETF

• U.S. Service Sector Faces Contraction Amid Rising Input Costs

• Bitcoin News: Bitcoin Profit Taking Surges Post-Golden Cross, On-Chain Realized Gains Top $500M Per Hour

• Moscow Exchange to Launch Bitcoin Futures for Qualified Investors in June 2025

• BTC/USDT,ETH/USDT and SOL/USDT Lead Binance USD-M Perpetual Futures Market in Trading Volume Over the Past 24 Hours

• Crypto News: Gold’s Surge to $3,360 Strengthens Bullish Outlook for Bitcoin Amid Dollar Weakness and Debt Concerns

• Binance Announces 21st Exclusive TGE on Binance Wallet with CUDIS via PancakeSwap

• Bitcoin News Today: Bitcoin Supply Shrinks by 30% in 18 Months, Setting Stage for Breakout, according to Sygnum Bank

• Bitcoin News: Saifedean Ammous Warns Bitcoin Price Nearing Cycle Peak, Suggests Corporate Buyers Prepare for Potential 80% Drawdown

• CNBC Analyst: Trump’s Trade Policies Revive Short-Selling Frenzy on Wall Street

• Bitcoin Spot ETFs Record $1.21 Billion in Outflows Over Three Days

• QCP: Bitcoin Volatility Drops as Market Awaits Macroeconomic Catalysts

• U.S. SEC Chairman: Future Crypto Policies Will Follow Public Rule-Making Process

Market movers:

• ETH: $2605.38 (-1.16%)

• XRP: $2.2034 (-2.36%)

• BNB: $669.22 (-0.04%)

• SOL: $152.54 (-2.60%)

• DOGE: $0.18937 (-3.21%)

• ADA: $0.6793 (-2.73%)

• TRX: $0.2728 (+0.48%)

• WBTC: $104743.61 (-0.60%)

• TRUMP: $10.79 (-3.32%)

• SUI: $3.1501 (-2.72%)

Top gainers on Binance:

• RVN/USDT (+67%)

• LPT/USDT (+10%)

• ACA/USDT (+7%)