Price Analysis
Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels.
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Binance Coin News
Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the ERC-20 standard, Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC-based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
- Altcoin Watch
A growing DEX ecosystem, competitive futures platform and low fee incentives pushed Binance Coin to a new all-time high one day ahead of its scheduled token burn.
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Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000.
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Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000.
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Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range.
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Bitcoin’s sharp correction may not have broken its uptrend, but several altcoins have signaled that a short-term top could be in place.
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Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit.
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Bitcoin's slow crawl toward $36,000 has given select altcoins the green light to rally higher.
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After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum.
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Bitcoin may be in the last leg of its parabolic run and if the rally sustains, select altcoins may surprise to the upside.
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Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000.
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Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices.
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Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up.
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The SEC’s lawsuit against Ripple may be bearish for a few altcoins but could be bullish for Bitcoin.
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Even with today's correction, Bitcoin is still in an uptrend, but most major altcoins have lost momentum and may remain range-bound for the next few days.
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