Binance Market Update: Crypto Market Trends | May 31, 2025
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.24T, down by 2.58% over the last day.Bitcoin (BTC) traded between $103,069 and $106,000 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $103,497, down by -1.68%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include BIFI, SLF, and FARM, up by 41%, 19%, and 11%, respectively.Top stories of the day:Bitcoin Exchange Reserves Hit Record Low as Non-Custodial Storage Gains Popularity EU and US Aim for Resolution in Trade Negotiations by JulyMega Matrix Inc. Adopts Bitcoin and Ethereum as Reserve AssetsMeta Platforms Shareholders Reject Bitcoin Financial Assessment ProposalBitcoin Mining Difficulty Reaches Record High with 4.38% IncreaseAltcoin Season Index Declines to 16, Reflecting Market TrendsTrump Announces Increase in Steel Import Tariffs to 50%REX Shares Submits Prospectus for Solana and Ethereum Staking ETFsBitcoin Faces Potential Supply Shock Amid Institutional DemandElon Musk to Join U.S. President Donald Trump's Advisory TeamMarket movers:ETH: $2519.2 (-3.65%)XRP: $2.1336 (-2.47%)BNB: $653.66 (-2.25%)SOL: $153.81 (-5.90%)DOGE: $0.18749 (-8.20%)ADA: $0.6649 (-5.10%)TRX: $0.2683 (-0.96%)WBTC: $103442.53 (-1.69%)TRUMP: $10.71 (-6.71%)SUI: $3.1402 (-8.70%)