Binance Market Update (2026-05-02)

The global cryptocurrency market cap now stands at $2.57T, up by 1.14% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $77,146 and $78,914 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $78,309, up by 1.27%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include BIO, KNC, and BABY, up by 27%, 22%, and 17%, respectively. Top stories of the day: Negative Funding Rates Across Major CEXs and DEXs Signal Broad Bearish Positioning as Bitcoin Slips Bitcoin Short-Term Holders Turn Profitable for First Time in Six Months, Flagging Key Resistance Risk CryptoQuant Warns Bitcoin's April Rally Was Futures-Driven With Declining Spot Demand, Mirroring 2022 Bear Market Setup Record US Stock Highs Mask Dangerous Valuations Second Only to Dot-Com Bubble, FT Warns Bitcoin News: Bitcoin Climbs to $77,000 But Remains Range-Bound as Negative Funding and Weak Conviction Cap Upside Market movers: ETH: $2305.69 (+0.94%) BNB: $615.42 (-0.32%) XRP: $1.3856 (+0.67%) SOL: $83.94 (-0.11%) TRX: $0.3299 (+1.13%) DOGE: $0.10765 (-0.32%) WBTC: $78093.72 (+1.31%) U: $1 (-0.02%) XAUT: $4600.16 (+0.70%) BCH: $449 (+1.31%) Top gainers on Binance: BIO/USDT (+27%) KNC/USDT (+22%) BABY/USDT (+17%)