The global cryptocurrency market cap is currently at $2.94 trillion, with a 4.3% change in the last 24 hours. Bitcoin dominance is at 56.6%, and Ethereum dominance is at 11.2% ¹.

*Top Cryptocurrencies*

- *Bitcoin (BTC)*: $83,329.91, with a 0.3% change in the last hour and a 5.4% change in the last 24 hours.

- *Ethereum (ETH)*: $2,710.65, with a 0.1% change in the last hour and a 5.3% change in the last 24 hours.

- *Tether (USDT)*: $0.9989, with no change in the last hour and a 0.0% change in the last 24 hours.

*Market Trends*

- Bitcoin has been experiencing a flight from risk, with a 2.1% drop, breaking below $86,000.

- Ether has also slid more than 2% to its lowest in four months at $2,777.39.

- The selloff has hurt share prices of crypto stockpilers, following a boom in public digital asset treasury companies this year ².

*Regulatory Updates*

- U.S. regulators have made it easier for banks to engage with crypto-related activities, pressuring regulators elsewhere to rethink their approach.

- The European Central Bank said in a May review that significant institutions in the euro zone provided 4.7 billion euros worth of crypto asset custody services in 2024, up from 400 million euros in 2023 ³.

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