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: $ETH 1797.72 (-1.66%)

XRP: $XRP 2.1003 (-4.09%)

BNB: $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%)