#BTCBreaks99K

As of May 8, 2025, Binance trading activity remains robust amid significant market movements. Bitcoin (BTC) has surged to approximately $99,000, approaching the critical $100,000 resistance level, fueled by bullish sentiment and the Federal Reserve’s decision to maintain interest rates . Ethereum (ETH) has also experienced gains, trading above $1,900 with a 4.16% increase over the past 24 hours .  

Binance Coin (BNB) has surpassed the $610 mark, reflecting a 1.44% rise within the same period . The exchange continues to lead the centralized exchange market, holding a 38% market share despite a 14.4% decline in trading volume from the previous month .  

Notably, Abraxas Capital Management withdrew 33,035 ETH (approximately $60 million) from Binance and Kraken, indicating potential strategic shifts in institutional holdings . Additionally, Binance has announced the upcoming listing of Doodles (DOOD) on Binance Alpha and the launch of DOODUSDT perpetual futures contracts, offering up to 50x leverage starting May 9, 2025 .  

Overall, Binance’s trading landscape today reflects a dynamic market with significant movements in major cryptocurrencies and strategic developments within the platform.