Binance Market Update – May 6, 2025
According to CoinMarketCap, the global cryptocurrency market capitalization stands at $2.95 trillion, marking a 0.45% decline over the past 24 hours.
Bitcoin ($BTC ) has traded within a range of $93,614 to $95,199 in the last day. As of 09:30 AM (UTC), BTC is priced at $94,188, down 0.44%.
Major cryptocurrencies are showing mixed performance. Leading gainers include:
ASR/USDT: +51%
ALPINE/USDT: +49%
TURBO/USDT: +16%
Top Headlines:
Swiss Central Bank Governor criticizes crypto market volatility
$BNB Chain introduces Model Context Protocol for AI applications
Florida suspends progress on two Bitcoin reserve proposals
Ripple increases XRP holdings in Q1 2025
U.S. SEC ramps up scrutiny of digital assets with rising mentions of ‘cryptocurrency’ and ‘stablecoins’
U.S. banks revise economic forecasts amid renewed optimism
CFTC to monitor tokenization pilot programs for real-world utility
New U.S. House draft bill defines digital commodity transactions
CZ recommends Kyrgyzstan consider BTC and BNB in national reserves
U.S. Treasury faces May 5 deadline to report on Bitcoin reserve mandate under Trump’s executive order
Strategy boosts BTC holdings by 1,895 BTC at $95K average, now holds over $38B in BTC
Institutional inflows hit $2B, led by Bitcoin and Ethereum
Market Snapshot:
ETH: $1,797.72 (-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: $94,150.33 (-0.46%)
TRUMP: $10.74 (-3.68%)
SUI: $3.2863 (-4.99%)