Binance Market Update: Crypto Market Trends | May 5, 2025

According to CoinMarketCap data, the global crypto market cap is $2.94T, a 1.10% decrease over the last day.

Bitcoin (BTC) traded between $93,514 and $95,758 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $94,606, down by 0.92%.

Most major cryptocurrencies by market cap are trading mixed. Market outperformers include NKN, AIXBT, and PARTI, up by 27%, 20%, and 18%, respectively.

Top stories of the day:

• CZ Advises Kyrgyzstan to Add BTC and BNB to National Crypto Reserves 

• U.S. Treasury Faces May 5 Deadline to Submit Bitcoin Reserve Assessment Under Trump’s Executive Order 

• VanEck Files for First-Ever Binance Coin (BNB) ETF in the U.S.

• Goldman Sachs Predicts Gold Price Surge by Year-End 

• Nvidia Explores Adding Bitcoin to Balance Sheet 

• SEC Faces Deadline for Litecoin ETF Decision 

• Ethereum's May Performance Shows Historical Trends 

• Trump Urges Federal Reserve to Lower Interest Rates 

• Crypto Investment Inflows Hit $2B as Bitcoin, Ethereum Lead Institutional Demand 

• Strategy Increases Bitcoin Holdings by 1,895 BTC at $95K Average Price, Now Holds Over $38B in BTC

Market movers:

ETH: $1828.05 (+0.19%)

XRP: $2.1899 (+0.40%)

BNB: $593.56 (-0.06%)

SOL: $146.62 (+1.24%)

DOGE: $0.17459 (+0.47%)

ADA: $0.685 (-0.62%)

TRX: $0.2481 (+0.04%)

WBTC: $94585.91 (-0.89%)

TRUMP: $11.14 (+2.01%)

SUI: $3.4589 (+7.85%)