#BinanceMarketUpdate

Binance Market Update – May 18, 2025

The crypto market now boasts a global cap of $3.27 trillion, though it’s slightly down by 1.74% compared to yesterday. Bitcoin has hovered within a tight range between $102,640 and $104,088, and as of 09:30 UTC, it’s trading at $103,969—a modest rise of 1.06%. While the overall performance of major coins is mixed, NEIRO, PNUT, and FXS are impressing with jumps of 39%, 27%, and 21% respectively.

Among today’s key headlines are developments such as cautiously positive cryptocurrency funding rates, Tim Draper’s ongoing commitment to Bitcoin, and important regulatory news. These include the pending vote on Texas’ Bitcoin Reserve Bill, El Salvador’s strategy to expand its Bitcoin reserves amid IMF negotiations, signs that Bitcoin’s dominance might stabilize in uncertain economic times, and the upcoming enforcement of new UK crypto reporting rules by 2026.

In other market activity, Ethereum is priced at $2517.49 (up 1.70%), XRP at $2.3927 (up 1.50%), BNB at $647.19 (up 1.00%), SOL at $171.13 (up 2.22%), and DOGE at $0.22355 (up 4.01%). ADA saw a slight decrease, while TRX, WBTC, TRUMP, and SUI enjoyed moderate gains. Leading Binance gainers remain NEIRO/USDT (+39%), PNUT/USDT (+27%), and FXS/USDT (+21%).