Binance Market Update: Crypto Market Trends | May 6, 2025

According to CoinMarketCap data, the global crypto market cap is $2.92T, a 0.55% decrease over the last day.

Bitcoin (BTC) traded between $93,614 and $95,199 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,188, down by 0.44%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ASR, ALPINE, and TURBO, up by 51%, 49%, and 16%, respectively.

Top stories of the day:

• CFTC to Observe Tokenization Pilot Projects for Real-World Insights

• New U.S. House Draft Clarifies Digital Commodity Transactions

• Florida Halts Progress on Two Bitcoin Reserve Proposals

• US Banks Adjust Economic Forecasts Amid Optimism

• BNB Chain Launches Model Context Protocol for AI Integration

• Ripple's XRP Holdings Increase in First Quarter of 2025

• Swiss Central Bank Governor Criticizes Cryptocurrency Volatility 

• U.S. Treasury Yields Rise Ahead of Federal Reserve Meeting 

• Fed Chair Powell Expected to Address U.S. Treasury Market Stability 

• U.S. Tech Stocks Hit 18-Month Lows in Key Ratios

Market movers:

ETH: $1797.72 (-1.66%)

XRP: $2.1003 (-4.09%)

BNB: $596.67 (+0.52%)

SOL: $144.25 (-1.61%)

DOGE: $0.1677 (-3.95%)

ADA: $0.6592 (-3.78%)

TRX: $0.245 (-1.25%)

WBTC: $94150.33 (-0.46%)

TRUMP: $10.74 (-3.68%)

SUI: $3.2863 (-4.99%)