Cryptocurrencies are spearheading a risk-on movement this month, with major tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) collectively rising 6% month-to-date (MTD). This performance surpasses the S&P 500 Index (SPX), which has gained 4.3% in the same period. Binance has emerged as a key player, capturing 78% of net inflows among exchanges that have seen gains this month.