Binance Market Update: Crypto Market Trends | May 7, 2025
According to CoinMarketCap data, the global crypto market cap is $2.99T, a 2.76% increase over the last day.Bitcoin (BTC) traded between $93,377 and $97,732 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $96,919, up by 2.90%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include SYRUP, KAITO, and LUMIA, up by 67%, 43%, and 23%, respectively.Top stories of the day:Bhutan Launches World’s First National Crypto-Powered Tourism Payment SystemBitcoin Market Share Reaches Four-Year HighBitcoin Wallet Activity Suggests Potential Market ShiftFederal Reserve's Interest Rate Decision Anticipated with Minimal Rate Cut ProbabilityChina and U.S. to Engage in Trade Talks in SwitzerlandUK and US Near Trade Agreement to Reduce Tariffs on Steel and Automotive ExportsAtlanta Fed's GDPNow Model Predicts 2.2% Growth for U.S. Q2 GDPNew Hampshire Becomes First U.S. State to Pass Strategic Bitcoin Reserve BillBNB Projected to Reach $2,775 by 2028, Says Standard CharteredFed's Potential Actions Could Boost Dollar Amid Rate Cut SpeculationsMarket movers:ETH: $1840.02 (+2.35%)XRP: $2.1436 (+2.06%)BNB: $605.96 (+1.56%)SOL: $147.7 (+2.40%)DOGE: $0.17341 (+3.40%)ADA: $0.6839 (+3.76%)TRX: $0.2453 (+0.16%)WBTC: $96880.12 (+2.88%)TRUMP: $11 (+2.52%)SUI: $3.4021 (+3.52%)