Tag Archives: bnbusd

The bears continue to have complete control over the cryptocurrency market with numerous double-digit price losses from almost all assets. This comes just hours after the US stock market dumped in value again. Bitcoin Dumps $8K in Two Days It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as the asset jumped to $43,500 on Thursday following a $1,500 price hike. However, the situation changed vigorously hours later....

Binance – the world’s largest crypto exchange – recently completed its 18th quarterly burn, marking its first quarterly auto-burn. The burn removed greater dollar-denominated value from the network than ever before. According to a blog post from Binance, the burn removed 1,684,387.11 BNB. At the time of writing, that’s $798,887,962 worth of tokens. 6296 of those tokens were ‘effectively’ burned through the Binance Pioneer Burn program, which counts BNB mistakenly sent to dead...

The world’s leading digital asset platform – Binance – has reportedly collaborated with the Gulf Energy Development PCL – owned by the Thai billionaire Sarath Ratanavadi. The main goal is to set up a cryptocurrency exchange in the Southeast Asian state. Establishing a Crypto Platform in Thailand Thailand has recently positioned itself in the spotlight of the cryptocurrency industry as locals have started embracing the asset class. At the same time, numerous experts opined...

Key Support level: $417 Key Resistance level: $520, $692 (ATH) Since March 2021, BNB has formed a huge ascending triangle (colored in blue). A break above would signal that a new all-time high is in the cards. At the time of this post, BNB appears on a clear path to test the key resistance at $520 after a successful test of the support at $417. If BNB is successful in breaking above the key resistance, the price can rally towards the current all-time high at $692. Chart by...

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. Bitcoin Touches $43K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually. In just a few days, it added more than $4,000 of...

Bitcoin’s situation worsened once more hours ago as the asset dropped to a new three-month low beneath $41,000. Most altcoins are in a similar position today, and the overall losses from the past three days grew to $300 billion. Bitcoin’s Latest 3-Month Low It’s safe to say that the primary cryptocurrency has seen better days. In fact, they weren’t all that long ago as it traded at $47,000 on Thursday and even tried its hand at $48,000 on Wednesday. However, the bears took...

After the enhanced fluctuations in the past several days, bitcoin finally calmed around $42,000. The situation with the altcoin is quite similar, except for Chainlink. LINK surged by 13% and trades above $26. Bitcoin Sits Still at $42K It’s safe to say that the past few days didn’t go well for the primary cryptocurrency. On January 5th, it traded at $47,000 after failing to overcome $48,000 despite numerous attempts. This is where the landscape changed rapidly for the worse....

This week, we take a closer look at Ethereum, Binance Coin, Cardano, Solana, and Luna Ethereum (ETH) Throughout the past seven days, we saw a crash in the crypto market and ETH was no exception, falling over 14.6% in the period. After a brief attempt earlier this week to push towards $4,000, the price quickly turned on Wednesday, breaking below the $3,600 support, which is now a resistance. The downtrend did not fade today and continued with ETH falling under $3,300. At the...

Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche. Bitcoin Stands Above $47K As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as CryptoPotato reported on December 31st. However, the landscape changed quite quickly in the following hours....

Following yesterday’s sudden price pump to above $48,000, bitcoin headed straight south and dipped below $46,000 hours later. The altcoins are also in the red, with over $60 billion gone from the cryptocurrency market cap. Bitcoin Dipped $2.5K on New Year’s Eve After failing to overcome $52,000 earlier this week, bitcoin had dumped by more than $5,000 in days, as CryptoPotato reported recently. Consequently, the asset struggled below $47,000 for a few straight days. The...