May 4, 2025 – Crypto Market Snapshot
【Market Overview】
Dogecoin ($DOGE ) continues to capture attention as it eyes a potential breakout to $0.25, though analysts caution about sustainability. Meanwhile, Monero ($XMR) shows signs of an artificial pump, raising concerns about manipulation. In contrast, momentum is shifting toward Web3 AI platforms, with tools like ChatGPT for crypto launch setup gaining significant traction among developers and investors.
【Binance Global Expansion】
In a major development, Binance has signed a Strategic Memorandum of Understanding (MoU) with the Kyrgyz National Investment Development Agency. This agreement supports mutual efforts to advance digital asset infrastructure and foster crypto innovation in Central Asia.
【Market Indicators】
Bitcoin's dominance continues its steady rise, reaching 64.85%, now climbing for 9 consecutive weeks. This reflects increased institutional and retail confidence in BTC amid broader market volatility.
【Analyst Insights】
According to BiyaPay analysts, a convergence of market factors could propel Bitcoin to a new all-time high this May, with the total crypto market cap potentially exceeding $2 trillion.
Stay tuned to Binance for more updates as the crypto market enters a decisive phase this month.