Binance Market Update: May 5, 2025 | Crypto Market Trends

According to CoinMarketCap, the global cryptocurrency market capitalization stands at $2.94 trillion, marking a 1.10% decline over the past 24 hours.

Bitcoin (BTC) has fluctuated between $93,514 and $95,758 in the last 24 hours. As of 09:30 AM (UTC), BTC is priced at $94,606, down 0.92% on the day.

Major cryptocurrencies are trading mixed. Notable gainers include NKN (+27%), AIXBT (+20%), and PARTI (+18%).

Top News Highlights:

CZ urges Kyrgyzstan to include BTC and BNB in its national crypto reserves.

U.S. Treasury faces a May 5 deadline to deliver a Bitcoin reserve report under Trump’s executive order.

VanEck submits application for the first-ever BNB ETF in the U.S.

Goldman Sachs forecasts a significant gold price increase by year-end.

Nvidia is considering adding Bitcoin to its corporate balance sheet.

SEC nears a key decision on the Litecoin ETF.

Ethereum's May trends show familiar historical performance patterns.

Donald Trump calls on the Federal Reserve to reduce interest rates.

Crypto investment inflows total $2B, with strong institutional demand for Bitcoin and Ethereum.

Strategy boosts its Bitcoin holdings by 1,895 BTC at an average of $95K, now holding over $38B in BTC.

Market Movers:

ETH: $1,828.05 (+0.19%)

XRP: $2.1899 (+0.40%)

BNB: $593.56 (-0.06%)

SOL: $146.62 (+1.24%)

DOGE: $0.17459 (+0.47%)

ADA: $0.685 (-0.62%)

TRX: $0.2481 (+0.04%)

WBTC: $94,585.91 (-0.89%)

TRUMP: $11.14 (+2.01%)

SUI: $3.4589 (+7.85%)

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