BNB coin back in top 5 after the recent 9% weekly gains while the Bitcoin price remains stagnant so let’s read more in the latest binance coin news today.
The BNB coin back in the top 5 means that the asset is steadily increasing while Litecoin is back at the top 10. Bitcoin and the other larger-cap altcoins have stayed quite stagnant but the US stocks could drive more volatility on the market. Bitcoin stayed in a tight range between $10,500 and $10,600 while most other larger-cap altcoins performed similarly except for the Binance Coin. After the 9% increase on the weekly charts, BNB now reached the 5th spot in terms of market cap.
After the recent price declines last week, bitcoin calmed down and since yesterday, it dipped a low of $10,500 but it later jumped towards the intraday high of $10,600. Over the past day, BTC stayed in that range and at the time of writing, the main crypto traders close to the upper line at $10,570. Despite bitcoin’s stable price stance, it is worth mentioning something about the US Stock futures. As reported, the US President Donald Trump was hospitalized after Wall Street closed on Friday after he was diagnosed with the Coronavirus. The news didn’t quite affect the market as similar events could drive more uncertainty on the markets and start a price decline.
With the given recent increased correlation of Bitcoin with the US Stock indexes, the cryptocurrency will be heading towards a price crash later today. Most of the bigger-cap altcoins have copied Bitcoin’s 24-hour performance and stayed calm while Ethereum remained beneath the $350 level. Ripple traded at $0.233, chainlink traded at $9.3 and Crypto.com coin traded below $0.15. The top 10 assets saw two rotations as Litecoin returned to the top 10 spot due to the minor 1% increase.
The native cryptocurrency of the exchange increased by 4% and BNB surpassed Bitcoin cash to take over the 5th spot. Binance Coin even surged by over 50% in a month. PumaPay for example doubled down on the impressive price performance and increased by another 60% making it the most notable gainer in the past 24 hours, trading at $0.002. Celsius followed with a 14% increase, Theta with 11%, Hyperion by 6%. Other tokens were in the red like Yearn. Finance which dropped by 16%, Sushiswap dropped by 14%.
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