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Binance Market Update (2022-05-26)

The global cryptocurrency market cap now stands at $1.23T, down by -2.75% over the last day, according to CoinMarketCap data.Bitcoin (BTC) has been trading between $28,000 and $29,857 over the past 24 hours. As of 08:00 PM (UTC) today, BTC is trading at $29,350, down by -0.60%.Most major cryptocurrencies by market cap are trading lower. Market outperformers include UFT, FIS, and OXT, up by 15%, 14%, and 12%, respectively.Top stories of the day:Tether Enters Latin America with Mexican Peso-Pegged StablecoinTether on Thursday added to its roster of stablecoins, launching its MXNT token pegged to Mexico’s peso.XRP Whales on Accumulation Spree, Ripple Keen to Explore IPO After SEC BattleXRP Network whales holding between 1M and 10M $XRP have collectively been accumulating.Consider Digital Assets Instead of Still-Pricey Real Estate, say JPMorgan StrategistsJPMorgan Strategists stated digital assets have replaced real estate as a preferred alternative asset class.Crypto Whales Ditched Tether for USDC After Stablecoin PanicData shows USD coin (USDC) has become the stablecoin of choice on the Ethereum blockchain, not Tether (USDT).Bitcoin Stabilizes in Tight Range; Support at $27K, Resistance at $30K-$35KBTC is up by 3% over the past 24 hours, and momentum has improved over the past week.Circle Asks US Fed Not to Step on Its Toes by Launching a Digital DollarCircle, the issuer of the USDC stablecoin, is arguing that the U.S. Federal Reserve should pass on launching its own digital dollar.Market movers:ETH: $1824.49 (-6.28%)BNB: $308.7 (-5.13%)XRP: $0.3911 (-3.26%)ADA: $0.48 (-6.27%)SOL: $44.03 (-8.63%)DOGE: $0.0783 (-5.43%)DOT: $9.15 (-7.58%)TRX: $0.08207 (-1.72%)AVAX: $24.07 (-11.70%)SHIB: $0.00001073 (-7.42%)Top gainers on Binance:UFT/BUSD (+15%)FIS/BUSD (+14%)OXT/BUSD (+12%)

Binance

2022-05-26

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