Binance Market Update: Crypto Market Trends | May 31, 2025
According to CoinMarketCap, the global cryptocurrency market capitalization stands at $3.24 trillion, reflecting a 2.58% decline over the past 24 hours.
Bitcoin (BTC) fluctuated between $103,069 and $106,000 in the last day. As of 09:30 AM (UTC), BTC is trading at $103,497, down 1.68%.
Most major cryptocurrencies by market cap are in the red. However, a few tokens have bucked the trend, with BIFI, SLF, and FARM surging by 41%, 19%, and 11%, respectively.
Top Headlines:
Bitcoin Exchange Reserves Hit Record Low as Non-Custodial Storage Gains Momentum
EU and US Target July Resolution in Ongoing Trade Talks
Mega Matrix Inc. Adds Bitcoin and Ethereum to Its Reserve Holdings
Meta Platforms Shareholders Reject Proposal to Evaluate Bitcoin Financial Impact
Bitcoin Mining Difficulty Climbs by 4.38%, Reaching a New High
Altcoin Season Index Falls to 16, Signaling Market Weakness
Trump Announces 50% Tariff on Steel Imports
REX Shares Files Prospectus for Solana and Ethereum Staking ETFs
Bitcoin Faces Potential Supply Shock Amid Rising Institutional Demand
Elon Musk to Join President Trump’s Advisory Team
Major Market Movers:
ETH: $2,519.20 (-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: $103,442.53 (-1.69%)
TRUMP: $10.71 (-6.71%)
SUI: $3.1402 (-8.70%)