Binance Market Update: Crypto Trends & Key Developments – April 18, 2025

The global cryptocurrency market cap dropped by a minor 0.05% in the past day, settling at $2.66 trillion. Over the past 24 hours, Bitcoin’s price range was between $83,736 and $85,470, concluding with a slight increase of 0.22%. Today, most major cryptocurrencies trade mixed in the market. Notably, T, MEME, and CHESS have experienced significant gains, reaching increases of 43%, 40%, and 29% respectively. Binance Dominates Q1 2025 with $2.2 Trillion in Spot Trading Volume: Binance has secured a 40.7% market share in spot trading volume for the first quarter of 2025, according to data released by CoinMarketCap. **Key Developments:** The most notable news today includes Binance’s CEO Richard Teng stating that sharia-compliant products are under development, signifying an expansion into financial freedom accessible to all. Experts predict a high probability (52%) for the US Bitcoin reserve surpassing 50% by 2025. Arizona’s crypto reserves bill is also nearing final approval despite legislative challenges. **Market Volatility:** Volatility in the market persists amidst uncertainties surrounding trade and tariffs. ARK Invest adjusted its portfolio with Bitcoin and Solana ETF transactions, while the SEC will host a cryptocurrency custody roundtable in April. The US Jobless Claims are below expectations, reflecting an uncertain economic landscape. **Market Movers:** Notably, ETH dropped 0.36%, XRP declined 0.66%, BNB increased by 0.61% and SOL gained 1.20%. DOGE decreased 0.38%, ADA rose 0.06%, TRX witnessed a 0.08% increase, and WBTC experienced growth of 0.21%. LINK increased by 1.69%, while AVAX lost 0.26%. #AI #DOGE #BTC #AVAX #ETF #BNB #XRP #ETH #Binance #Cryptocurrency #MarketUpdate