Are Altcoins Overheating While BNB Kicks Off the Next Market Rally?
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- BNB hit a record $1,330, flipping XRP and leading the market higher.
- Altcoins cooled while Bitcoin slipped 1.4% to $122,732 as derivatives overheated.
- Analysts expect a brief pullback before another leg up toward $130K.
BNB extended its strong rally on Tuesday, soaring to a new all-time high above $1,330 and surpassing XRP to become the third-largest cryptocurrency by market capitalization.
The Binance-backed token has climbed 27% in the past week and is now up 129% over the last year, driven by increased institutional participation and rising activity on the BNB Chain.
Related: Crypto Rally Alert: ETH and SOL Lead While Bitcoin Eyes $200K
Corporate Buying Adds Fuel
The latest surge was amplified by CEA Industries Inc., a publicly traded firm that disclosed holdings of 480,000 BNB tokens worth approximately $611 million. The company acquired the tokens at…
Read The Full Article Are Altcoins Overheating While BNB Kicks Off the Next Market Rally? On Coin Edition.
In This News
Coins
$ 78.89K
+2.85%
$ 2.32K
+3.66%
$ 1.62
+1.95%
$ 780.02
+3.15%
$ 0.0721
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In This News
Coins
$ 78.89K
+2.85%$ 2.32K
+3.66%$ 1.62
+1.95%$ 780.02
+3.15%$ 0.0721
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Groundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red
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Are Altcoins Overheating While BNB Kicks Off the Next Market Rally?
Share:
- BNB hit a record $1,330, flipping XRP and leading the market higher.
- Altcoins cooled while Bitcoin slipped 1.4% to $122,732 as derivatives overheated.
- Analysts expect a brief pullback before another leg up toward $130K.
BNB extended its strong rally on Tuesday, soaring to a new all-time high above $1,330 and surpassing XRP to become the third-largest cryptocurrency by market capitalization.
The Binance-backed token has climbed 27% in the past week and is now up 129% over the last year, driven by increased institutional participation and rising activity on the BNB Chain.
Related: Crypto Rally Alert: ETH and SOL Lead While Bitcoin Eyes $200K
Corporate Buying Adds Fuel
The latest surge was amplified by CEA Industries Inc., a publicly traded firm that disclosed holdings of 480,000 BNB tokens worth approximately $611 million. The company acquired the tokens at…
Read The Full Article Are Altcoins Overheating While BNB Kicks Off the Next Market Rally? On Coin Edition.
In This News
Coins
$ 78.89K
+2.85%$ 2.32K
+3.66%$ 1.62
+1.95%$ 780.02
+3.15%$ 0.0721
Share:
In This News
Coins
$ 78.89K
+2.85%$ 2.32K
+3.66%$ 1.62
+1.95%$ 780.02
+3.15%$ 0.0721
Share:
Read More
Groundhog Day for Bitcoin means six more weeks of macro winter if core flows stay deep red