Are Altcoins Overheating While BNB Kicks Off the Next Market Rally?
- 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.
Read More
BNB Price Prediction: BNB Holds $1,200, Eyes $1,300 Breakout
Why is Bitcoin recovering? Everything that happened in crypto today
Are Altcoins Overheating While BNB Kicks Off the Next Market Rally?
- 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.
Read More
BNB Price Prediction: BNB Holds $1,200, Eyes $1,300 Breakout