Binance Market Update: Crypto Market Trends | May 8, 2025

According to CoinMarketCap data, the global crypto market cap is $3.09T, a 3.08% increase over the last day.Bitcoin (BTC) traded between $95,785 and $99,800 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $99,651, up by 2.82%.Most major cryptocurrencies by market cap are trading higher. Market outperformers include PENGU, IO, and AIXBT, up by 25%, 20%, and 18%, respectively.Top stories of the day:Bitcoin Nears $100K as Trump Teases Major UK Trade Deal Announcement Crypto Market Rebounds 10.8% in April as Bitcoin Leads Institutional Adoption — Binance Research Report Ethereum Undervalued Against Bitcoin, But Recovery Uncertain Amid Stagnant Network and Weak Institutional DemandBitcoin Realized Cap Hits $890B as Bulls Eye Breakout Toward $100KFed Holds Interest Rates Steady Amid Rising Risks of Inflation and Unemployment Oregon Updates Commercial Code to Include Digital AssetsArizona Senate Approves Bitcoin Reserve Bill Awaiting Governor's Decision Michael Saylor Advocates Bitcoin Investment for Saudi Sovereign Wealth Fund EU Considers Countermeasures Against U.S. Tariffs U.S. Treasury to Host Private Meetings with Crypto IndustryMarket movers:ETH: $1940.52 (+5.46%)XRP: $2.2049 (+2.86%)BNB: $615.64 (+1.60%)SOL: $152.75 (+3.42%)DOGE: $0.18313 (+5.60%)ADA: $0.7152 (+4.58%)TRX: $0.2506 (+2.12%)WBTC: $99609.09 (+2.82%)TRUMP: $12.2 (+11.01%)SUI: $3.6979 (+8.69%)