Binance Market Update: Crypto Market Trends – May 3, 2025

The global crypto market cap experienced a slight dip of 0.36% over the past 24 hours, reaching $3 trillion as of today’s data. Bitcoin (BTC) traded between $96,133 and $97,896 within the last 24 hours, settling at $96,325 with a decline of 0.40%. While many major cryptocurrencies experienced a mixed market performance, STO, BROCCOLI714, and PSG showed impressive gains of 113%, 16%, and 15% respectively.

Top Stories

Apple faces potential legal ramifications from the Supreme Court as it is ordered to drop app store fee restrictions which opens the door for crypto payments and NFTs. CME reports a significant rise in April derivatives trading volume, exceeding previous records. In Arizona, Governor Doug Ducey vetoed a Digital Asset Reserve bill, impacting regulations within the state. Meanwhile, the Federal Reserve will likely maintain interest rates in May, awaiting further economic data. The S&P 500 achieved its longest winning streak since 2004. Strong employment data has delayed expectations for a Federal Reserve rate cut. Lastly, the U.S. and Japan are set to enhance trade discussions.

Key Headlines & Movers

Top stories: Apple faces potential legal ramifications from the Supreme Court as it is ordered to drop app store fee restrictions which opens the door for crypto payments and NFTs. CME reports a significant rise in April derivatives trading volume, exceeding previous records. In Arizona, Governor Doug Ducey vetoed a Digital Asset Reserve bill, impacting regulations within the state. Meanwhile, the Federal Reserve will likely maintain interest rates in May, awaiting further economic data. The S&P 500 achieved its longest winning streak since 2004. Strong employment data has delayed expectations for a Federal Reserve rate cut. Lastly, the U.S. and Japan are set to enhance trade discussions.

Crypto Market Movers

ETH: $1826.45 (+0.11%) XRP: $2.2001 (-0.42%) BNB: $596.7 (-0.30%) SOL: $147.62 (-1.39%) DOGE: $0.17922 (-0.63%) ADA: $0.7015 (-0.67%) TRX: $0.2487 (+1.55%) TRUMP: $12.87 (+2.88%) WBTC: $96285.98 (-0.38%) SUI: $3.3886 (-2.25%) #DOGE #BTC #XRP #BNB #ETH #NFT