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Bitcoin (BTC) has largely stayed above $80,000 since March 11, indicating that the bulls are not waiting for a deeper correction to buy. However, the failure to propel the price above $86,000 shows that the bears have not given up and continue to sell on rallies.CoinShares' weekly report shows that cryptocurrency exchange-traded products (ETPs) witnessed $1.7 billion in outflows last week.
CAKE, the native cryptocurrency of PancakeSwap, a decentralized exchange on the BNB Chain, has surged over 45% within the last 24 hours.CAKE surged from a low of $1.78 to a high of $2.69 in early Monday's session, extending yesterday's recovery from lows of $1.383. At the time of writing, PancakeSwap was up 40% to $2.48 and up 59% weekly.
TL;DR The BNB Chain has become a hotspot for meme tokens, with PancakeSwap leading trading activity and drawing over 60,000 daily users. PancakeSwap's robust daily volume of $1.63 billion outpaced Solana's, thanks to Binance's curated ecosystem that mitigates risks like rug pulls.
BNB jumps 25% as rumors of a Trump-Binance deal circulate. A double bottom pattern hints at a potential breakout to $875—will bulls sustain momentum?
BNB is seeing bullish sentiment from investors and traders as Binance Smart Chain's decentralized exchange volume surpasses Solana and Ethereum.
The influence of Changpeng 'CZ' Zhao drives the BNB Chain adoption as Solana's activity slows down.
The crypto markets remained sluggish throughout the weekend without massive price actions, while the rise in the BTC price raised optimism. In the meantime, BinanceCoin has gained the spotlight, recording decent gains compared to the other top 10 cryptos.
BNB price is up by 3.57% today despite the broader crypto market consolidation while eyeing fresh all-time high levels above $750. The investor sentiment has improved as the Binance Smart Chain (BSC) records a massive surge in the meme coin activity led by Mubarak.
Bitcoin (BTC) is struggling to break above the 200-day simple moving average ($84,000), but a positive sign is that the bulls have not ceded much ground to the bears. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to achieve a weekly close above $81,000 to signal resilience.
Cryptocurrency prices rose modestly during the weekend as investors embraced a risk-on sentiment following Friday's surge in the US stock market. Bitcoin (BTC) held steady above $84,000, while the market cap of all coins rose to over $2.8 trillion.
Bulls are trying to hold the gained initiative at the end of the week, according to CoinStats.
This week, the crypto market failed to notch an all-inclusive rally, extending the uncertainty it has faced since January. Due to this, most altcoins in the market recorded major declines, with some registering yearly lows. However, trade-war tensions and inflation in the US plunges, there's a renewed buying interest in the altcoin market.
There may be potential for a major price rally here.
Learn about Binance Coin (BNB): its uses, benefits within the Binance ecosystem, and key information about this cryptocurrency.
While BTC is struggling, some altcoins are witnessing positive growth in their network utility, active address count, whale activity, and social sentiment.
Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet.
XRP price has risen this week after falling to a crucial support level that could determine its trajectory this month. With Ripple showing strength above $2.3, here are some of the top XRP rivals that could benefit even if the US government shuts down tomorrow.
Despite ongoing sellers' pressure, some coins are in the green zone, according to CoinStats.
On today's episode of CNBC Crypto World, bitcoin and ether hover while BNB rises after the Wall Street Journal reports the Trump family has explored a stake in crypto exchange Binance. Plus, crypto payments giant MoonPay looks to acquire stablecoin infrastructure start-up Iron.
Binance Coin price rose for three consecutive days, and four crucial catalysts may push it to over $1,100 in the near term.
The crypto market remains volatile, with the Pepe coin price crashing by over 75% from its highest level in December last year. This decline is happening as recession risks rise and the crypto fear and greed index remains in the red.
Binance Coin (BNB) is back in the spotlight, this time for a major price jump. The token surged 15% in just two days, fueled by a massive $2 billion investment from an Abu Dhabi-based firm, MGX.
Donald Trump's tariffs and their uncertainties have led to higher odds of a recession in the US and other countries. PIMCO analysts have boosted their recession odds to 35%, and the Atlanta FedNow tool estimates that the economy will contract in Q1.
BNB has surged to $578, fueled by a record-breaking $2 billion institutional investment from Abu Dhabi's MGX.
