Binance Market Update: Crypto Market Trends | May 8, 2025

According to CoinMarketCap data, the global crypto market cap is $3.09T, a 3.08% increase over the last day.

Bitcoin (BTC) traded between $95,785 and $99,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $99,651, up by 2.82%.

Most major cryptocurrencies by market cap are trading higher. Market outperformers include PENGU, IO, and AIXBT, up by 25%, 20%, and 18%, respectively.

Top stories of the day:

• Bitcoin Nears $100K as Trump Teases Major UK Trade Deal Announcement 

• Crypto Market Rebounds 10.8% in April as Bitcoin Leads Institutional Adoption — Binance Research Report 

• Ethereum Undervalued Against Bitcoin, But Recovery Uncertain Amid Stagnant Network and Weak Institutional Demand

• Bitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100K

• Fed Holds Interest Rates Steady Amid Rising Risks of Inflation and Unemployment 

• Oregon Updates Commercial Code to Include Digital Assets

• Arizona Senate Approves Bitcoin Reserve Bill Awaiting Governor's Decision 

• Michael Saylor Advocates Bitcoin Investment for Saudi Sovereign Wealth Fund 

• EU Considers Countermeasures Against U.S. Tariffs 

• U.S. Treasury to Host Private Meetings with Crypto Industry

Market movers:

ETH: $1940.52 (+5.46%)

XRP: $2.2049 (+2.86%)

BNB: $615.64 (+1.60%)

SOL: $152.75 (+3.42%)

DOGE: $0.18313 (+5.60%)

ADA: $0.7152 (+4.58%)

TRX: $0.2506 (+2.12%)

WBTC: $99609.09 (+2.82%)

TRUMP: $12.2 (+11.01%)

SUI: $3.6979 (+8.69%)