Binance Market Update: May 31, 2025

The cryptocurrency market experienced a decline on May 31st, 2025, with the total market capitalization falling by -3.35% to $3.32 trillion according to CoinMarketCap data. Bitcoin (BTC) has shown volatility in recent days, trading between $103,069 and $106,000 before settling at $103,497 as of 09:30 AM UTC on May 31st. This represents a -1.68% decrease for the day. Several other cryptocurrencies have seen losses. BIFI, SLF, and FARM have shown notable gains, rising by 41%, 19%, and 11%, respectively. 5 key news items dominated today’s market activity: regulatory developments, mining trends, and investor sentiment.