Binance Market Update: Crypto Market Trends | May 17, 2025
According to CoinMarketCap data, the global cryptocurrency market cap now stands at $3.27T, down by 1.87% over the last day.Bitcoin (BTC) traded between $102,613 and $104,550 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $102,875, down by 0.81%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include PORTAL, REI, and MASK, up by 17%, 10%, and 9%, respectively.Top stories of the day:Upcoming U.S. Economic Events and Data ReleasesU.S. Markets Show Optimism Amid Trade Agreement DevelopmentsĀ Moody's Downgrades U.S. Credit Rating, Impacting Crypto MarketsĀ Grayscale Executes Significant Bitcoin Transaction Worth $674 MillionĀ U.S. States Increase Investment in MSTR Holdings in Early 2025Ā Panama and El Salvador Explore Renewable Energy for Bitcoin MiningĀ Federal Reserve Plans 10% Workforce Reduction in Coming YearsĀ Ukraine Prepares Legislation for National Bitcoin ReserveĀ U.S. Inflation and Consumer Confidence Data for May ReleasedĀ Trump's Tax Bill Faces Setback in House SubcommitteeMarket movers:ETH: $2475.41 (-5.27%)XRP: $2.3574 (-2.09%)BNB: $640.81 (-2.02%)SOL: $167.42 (-2.36%)DOGE: $0.21494 (-5.26%)ADA: $0.7663 (-1.35%)TRX: $0.2671 (-2.38%)WBTC: $102807.2 (-0.82%)TRUMP: $12.43 (-3.87%)SUI: $3.7797 (-2.60%)