HOW THE CRYPTO MARKET FARED LAST WEEK, ACCORDING TO BINANCE RESEARCH!

The crypto market saw significant developments last week, with Bitcoin reaching a new all-time high of $110,797, driven by progress in US stablecoin legislation and easing global trade tensions. Here's a breakdown of the market's performance :

Bitcoin (BTC): Rose 6.3% over the past week, pushing its year-to-date return to 17.8%. This surge is attributed to increased institutional confidence and the potential for clearer regulatory frameworks.

Ethereum (ETH): Experienced a significant weekly drop of 22.2%, bringing its YTD performance to -0.7%. Despite this, Ethereum's price has surged 89% since April, reaching $2,800 amid increased institutional holdings.

Global Cryptocurrency Market Capitalization: Stands at $3.44 trillion, up 0.42% in 24 hours. The market saw a robust 10.3% gain in May, with DeFi projects outperforming the broader market.

- Top Performers:

- RPL: Up 30%

- KMNO: Up 23%

- KAIA: Up 20%

Dogecoin (DOGE): Surged 12.9% after 21Shares filed for a spot DOGE ETF

Solana (SOL): Rose 9.3% fueled by institutional inflows and fresh treasury allocations

Market Trends:

Institutional Participation: Corporations are increasingly looking to bolster their treasury holdings with cryptocurrencies, with over 25 new firms publicly disclosing their crypto holdings since April.

NFT Market: Saw a revival with sales volumes increasing by 22.5%, driven by Bitcoin-based NFTs and projects like Immutable's "Guild of Guardians".

-Stablecoins: Tether's USDT supply surpassed $150 billion, with circulating supply on Tron reaching $73.8 billion, overtaking Ethereum's $71.9 billion .#CardanoDebate #SaylorBTCPurchase #MarketRebound $BTC $ETH $XRP