Binance Market Update (2025-05-31)

The global cryptocurrency market cap now stands at $3.32T, down by -3.35% over the last day, according to CoinMarketCap data.

Bitcoin (BTC) has been trading between $103,069 and $106,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $103,497, down by -1.68%.

Most major cryptocurrencies by market cap are trading lower. Market outperformers include BIFI, SLF, and FARM, up by 41%, 19%, and 11%, respectively.

Top stories of the day:

• Crypto News: SEC Dismisses Case Against Binance, Signaling Shift Toward Regulatory Clarity in U.S. Crypto Policy

• Bitcoin Exchange Reserves Hit Record Low as Non-Custodial Storage Gains Popularity

• Mega Matrix Inc. Adopts Bitcoin and Ethereum as Reserve Assets

• Meta Platforms Shareholders Reject Bitcoin Financial Assessment Proposal

• Bitcoin Mining Difficulty Reaches Record High with 4.38% Increase

• Altcoin Season Index Declines to 16, Reflecting Market Trends

• Trump Announces Increase in Steel Import Tariffs to 50%

• REX Shares Submits Prospectus for Solana and Ethereum Staking ETFs

• New York City Comptroller Rejects Bitcoin-Backed Municipal Bonds Proposal

• Bitcoin Faces Potential Supply Shock Amid Institutional Demand

• Elon Musk to Join U.S. President Donald Trump's Advisory Team

• Brazilian Firm Meliuz Seeks to Raise $26.45 Million for Bitcoin Purchase

• U.S. Inflation Rate Expectations for May Show Decline

• Fed May View Inflation Report as Calm Before the Storm, Analyst Suggests

• Binance Alpha and Binance Contracts to Launch Bondex (BDXN)

Market movers:

• ETH: $2519.2 (-3.65%)

• XRP: $2.1336 (-2.47%)

• BNB: $653.66 (-2.25%)

• SOL: $153.81 (-5.90%)

• DOGE: $0.18749 (-8.20%)

• ADA: $0.6649 (-5.10%)

• TRX: $0.2683 (-0.96%)

• WBTC: $103442.53 (-1.69%)

• TRUMP: $10.71 (-6.71%)

• SUI: $3.1402 (-8.70%)

Top gainers on Binance:

• BIFI/USDT (+41%)

• SLF/USDT (+19%)

• FARM/USDT (+11%)