BNB Financial News

cryptocurrency markets were majorly trading in the red on Wednesday ahead of the FOMC meeting minutes. Bitcoin (BTC) fell 0.61% to $30,800, whereas Ethereum (ETH) was below the $1,950 level. BTC volume stood at approximately $10.9 billion, falling 32% in the last 24 hours. «Bitcoin, after surpassing the US$31,000 mark yesterday, is currently consolidating around the US$30,800 level as investors eagerly anticipate the release of the FOMC minutes today,» Edul Patel, Co-founder, and CEO at Mudrex, said. «Presently, neither the bulls nor the bears have a clear upper hand as Bitcoin trades within the middle range between the support and resistance levels. If the price closes above the US$31,000 zone in the coming days, there is a possibility of Bitcoin climbing above the US$32,000 mark in the near future,» Edul added.

cryptocurrency markets were majorly trading higher in Monday's trade. Bitcoin (BTC) rose 0.65% to $30,688, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $10.92 billion, rising 26.43% in the last 24 hours. «Bitcoin began the new week trading above the US$30,700 mark but struggled to surpass the US$31,000 level, indicating a lack of urgency among bulls to secure profits at this time,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The price has remained relatively stagnant between US$31,431 and US$29,500 for a while now. If BTC manages to break through the US$31,000 threshold, there is potential for an upward trend; otherwise, support is currently situated at US$29,500,» Edul added.

cryptocurrency markets were trading higher in Friday's trade amid robust economic data from the US, which eased fears of a slowdown, and amid news that Fidelity Investments has refiled for spot Bitcoin ETF. Bitcoin (BTC) surged 1% to $30,657, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $17.3 billion, rising 28.5% in the last 24 hours. «Bitcoin traded over the US$30,600 level gaining nearly 2% in the past 24 hours as the market reacted to Fidelity Investments refiles for spot Bitcoin ETF. Market sentiment was also influenced by the news of Microstrategy buying an additional $374 million worth of Bitcoin,» Edul Patel, Co-founder and CEO at Mudrex, said. BTC's immediate resistance is at the US$30,750 level, and support is at the US$30,420 level, Edul added.

cryptocurrency markets were trading mixed in Wednesday's trade. Bitcoin, XRP, and Polkadot were trading with gains, while BNB, Polygon, and Solana were trading with cuts. Bitcoin (BTC) rose 0.02% to $30,405, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $16.68 billion, rising 9% in the last 24 hours. «Most cryptocurrencies traded flat with minimal fluctuations, fueled by the positive sentiment surrounding the possibility of a Bitcoin ETF and encouraging economic indicators from the US Bitcoin, in particular, maintained its position above the US$30,000 threshold for the fifth consecutive day,» Edul Patel, Co-founder, and CEO at Mudrex, said. «The bears seem to be active near the US$31,000 zone. BTC currently faces immediate resistance at the US$30,680 and US$30,950 levels, while the support level rests at US$30,000,» Edul added.

cryptocurrency markets were majorly trading in the red on Monday. Bitcoin (BTC) fell 2% to $30,221, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $13.19 billion, rising 5.23% in the last 24 hours. «Bitcoin soared to a one-year high, surpassing the US$31,000 mark on Friday. However, it has since entered a consolidation phase, stabilizing around the US$30,000 level within the past 24 hours,» Edul Patel, Co-founder, and CEO at Mudrex, said. «With a notable increase of over 14% in the last seven days, Bitcoin has garnered positive investor sentiment. The key challenge for Bitcoin is to maintain its position above the crucial US$30,000 level, which could potentially trigger further upward movement. BTC's support level is currently set at US$29,500,» Edul added. Other top crypto tokens were also trading in the red. Cardano, Litecoin, and Polygon declined over 3% each. The global cryptocurrency market cap was trading lower, around $1.18 trillion, falling 2% in the last 24 hours.

cryptocurrency markets were trading mixed in Tuesday's trade. Bitcoin, Tron, BNB, and Litecoin were trading with gains, while Ethereum, XRP, Dogecoin, and Cardano were trading with cuts. Bitcoin (BTC) rose 0.32% to $30,360, whereas Ethereum (ETH) was above the $1,850 level. BTC volume in the last 24 hours stood at approximately $15.25 billion, rising 14.39% in the last 24 hours. «Bitcoin continues to show strength above $30,000 with its market dominance above 50%. It is likely to consolidate around this level in the upcoming week. If it can break the $32,400 resistance in the upcoming days, a strong rally towards $35,000 levels is possible,» Vikram Subburaj, CEO of Giottus Crypto Platform, said. The global cryptocurrency market cap was trading around $1.18 trillion, rising 0.27% in the last 24 hours.

cryptocurrency markets were majorly trading higher on Wednesday. Bitcoin (BTC) surged 8% to $28,840, whereas Ethereum (ETH) was above the $1,800 level. «The crypto market has seen a remarkable surge in trading activity over the past 24 hours, with a total volume of $43.95 billion, representing an impressive 59% increase. Bitcoin has crossed the $28,000 mark due to growing interest from institutions,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher on Wednesday. Cardano and Litecoin rose up to 9%. Meanwhile, Polygon, Solana, and Polkadot also traded with gains. The global cryptocurrency market cap was trading higher around $1.13 trillion, rising 6% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $559 billion. Bitcoin’s dominance is currently 49%, an increase of 0.83% over the day, according to CoinMarketCap. BTC volume stood at approximately $25.85 billion, rising 75% in the last 24 hours.

cryptocurrency markets were trading mixed in Tuesday's trade. Bitcoin, Solana, and Polygon were trading with gains, while BNB, XRP, and Cardano were trading with cuts. Bitcoin (BTC) rose 1% to $26,796, whereas Ethereum (ETH) was above the $1,700 level. BTC volume stood at approximately $14.7 billion, rising nearly 57% in the last 24 hours. «Bitcoin’s price consolidated above the US$26,600 level in the past 24 hours. BTC even spiked above the US$27,000 forming a high near the US$27,184 and the price is now correcting gains. However, there is a back of bullish momentum and currently, BTC is trading at the US$26,900 level,» Edul Patel, Co-founder and CEO at Mudrex, said. BTC’s current resistance now lies at the US$27,200 and support at the US$26,700 level, Edul added.

cryptocurrency markets were trading mixed in Monday's trade. Bitcoin, Ethereum, and BNB traded with cuts, while XRP, Dogecoin, and Shiba Inu traded with gains. Bitcoin (BTC) fell 0.43% to $26,431, whereas Ethereum (ETH) was above the $1,700 level. BTC volume stood at approximately $9.3 billion, falling 1.91% in the last 24 hours. «Crypto markets traded in a tight range over the weekend, and in the last 24 hours. The crypto fear and index continues to stand below 50 for the last 10 days; currently at 47, down 2 points from yesterday. The fact that market capitalization and BTC prices remain above $1.1 trillion and $25k, respectively, hints towards slight resilience building amongst investors after last week,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The global cryptocurrency market cap was trading around $1.07 trillion, falling 0.35% in the last 24 hours.

cryptocurrency markets were trading mixed in Friday's trade. Bitcoin, Ethereum, and Litecoin were trading with gains, while XRP, Polygon, and Polkadot were trading with cuts. Bitcoin (BTC) rose 2% to $25,472, whereas Ethereum (ETH) was above the $1,650 level. BTC volume stood at approximately $15.42 billion, rising 4% in the last 24 hours. «The crypto market recovered from yesterday’s dip as selling pressure showed signs of cooling down. The rate hike pause announced by the Fed failed to cheer the market as the Fed made it clear that it will not refrain from taking tough steps in the coming months to tackle inflation. We can expect the market to remain choppy if the hawkish stance on monetary policy continues,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading around $1.04 trillion, rising 1.22% in the last 24 hours.

The U.S. Federal Reserve's recent decision to maintain its key lending rate has surprised many, as it breaks the trend of rate hikes observed in the past year and a half.

cryptocurrency markets were trading mixed on Wednesday ahead of the Federal Reserve policy meeting which concludes later on in the day. Bitcoin, XRP, and Solana were trading with cuts, while BNB, Polygon, and Shiba Inu were trading with cuts. Bitcoin (BTC) fell 0.88% to $25,881, whereas Ethereum (ETH) was below the $1,750 level. BTC volume stood at approximately $13.02 billion, rising 12.48% in the last 24 hours. «The crypto market remained upbeat as a crypto community is anticipating a breather from continuous rate hikes in today’s FOMC meeting. The crypto market may react sharply to the outcome of the FOMC meeting today as any relaxation in monetary policies will prove beneficial for the financial markets in the long term,» Shivam Thakral, CEO of BuyUcoin, said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 0.49% in the last 24 hours.

cryptocurrency markets were trading in the red on Thursday after the US Federal Reserve left rates unchanged as anticipated but hinted at the possibility of more hikes later this year. Bitcoin (BTC) fell 3.7% to $24,918, whereas Ethereum (ETH) was below the $1,650 level. BTC volume stood at approximately $15.28 billion, rising 17.54% in the last 24 hours. «Bitcoin experienced a drop to $24,990, marking its first time hitting this level since March. This decline came in the midst of a turbulent week, triggered by a hawkish announcement from the Federal Reserve,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. XRP and Litecoin fell by over 6%. Meanwhile, BNB, Dogecoin, Polygon and Polkadot traded with cuts.

Binance Coin (BNB), the cryptocurrency that powers the Binance Smart Chain, has seen a decent 9% bounce from its recent lows.

cryptocurrency markets were majorly trading higher on Tuesday ahead of key US inflation data later on the day and a two-day Fed monetary policy meeting on Wednesday. Bitcoin (BTC) surged 0.91% to $26,100, whereas Ethereum (ETH) was above the $1,750 level. BTC volume stood at approximately $11.59 billion, rising 0.26% in the last 24 hours. “Most cryptocurrencies rose in the past 24 hours ahead of the release of CPI data for May which is scheduled for today,” Edul Patel, Co-founder and CEO at Mudrex, said. «Bitcoin traded at the US$26,000 level over the weekend following the low at US$25,675. BTC sees bulls attempt to break the resistance of US$26,300 level. However, currently the market sentiment remains largely bearish,» Edul added.

cryptocurrency markets were trading mixed on Friday. Bitcoin, XRP, and Polygon were trading with gains, while Ethereum, BNB, and Cardano were trading with cuts. Bitcoin (BTC) rose 0.58% to $26,532, whereas Ethereum (ETH) was below the $1,850 level. The global cryptocurrency market cap was trading higher around $1.1 trillion, rising 0.53% in the last 24 hours. «Crypto markets have traded sideways in the last 24 hours. The crypto fear and greed index continues to maintain yesterday’s position right in the middle of the scale with 50 points. BTC’s hold around $26.5k remains firm despite events pertaining to the SEC lawsuits and the upcoming monetary policy decision by the Feds due next week,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The total volume in DeFi stood at $1.91 billion, 7.38% of the total crypto market 24-hour volume. The volume of all stablecoins is at $24.7 billion, which is 95.36% of the total crypto market 24-hour volume.

cryptocurrency markets were trading in the red on Thursday. Bitcoin (BTC) fell 2% to $26,432, whereas Ethereum (ETH) was below the $1,850 level. «Bitcoin experienced a drop below the US$26,500 mark amidst SEC filing lawsuit against Binance and Coinbase. Despite attempts, BTC failed to surpass the US$27,000 level again. The current support for BTC rests at US$26,200, with resistance at US$26,600. If the immediate resistance is successfully overcome, it could propel the price even higher,» Edul Patel, CEO and Co-Founder of Mudrex, said. Other top crypto tokens were also trading lower. BNB and Solana fell by over 6%. Meanwhile, XRP, Cardano, Polygon and Polkadot also traded with cuts. Vikram Subburaj, CEO of Giottus Crypto Platform said, «US SEC's recent crackdown on Binance and Coinbase has reinstated fear in the markets with top altcoins like ADA, BNB, SOL and MATIC declining by more than 10% in the last week. Bitcoin and Ethereum continue to hold their levels as a safer hedge for investors. We anticipate more volatility in the upcoming week as the US Fed decides on interest rate hikes.»

cryptocurrency markets were trading higher on Wednesday. Bitcoin (BTC) surged 5% to $26,936, whereas Ethereum (ETH) was above the $1,850 level. BTC volume stood at approximately $23.77 billion, rising 17% in the last 24 hours. «Crypto markets have showcased resilience by trading in the green over the last 24 hours. The crypto fear and greed index has also regained its position in the neutral zone by climbing 9 points since yesterday. This could be attributed to a strong resilience shown by the industry, despite the SEC serving a lawsuit to Coinbase, similar to Binance from the day before,» said Shubham Hudda, Senior Manager at CoinSwitch Markets Desk. Other top crypto tokens were also trading higher on Wednesday. Dogecoin and Litecoin rose by over 4%. Meanwhile, BNB, XRP, Solana and Polkadot also traded with gains. The global cryptocurrency market cap was trading lower around $1.13 trillion, rising 3.14% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $522 billion. Bitcoin’s dominance is currently 46.38%, an increase of 0.61% over the day, according to CoinMarketCap.

cryptocurrency markets were trading higher on Friday ahead of US unemployment and non-farm payroll data. Bitcoin (BTC) rose 1.03% to $27,099, whereas Ethereum (ETH) was just below the $1,900 level. BTC volume stood at approximately $14.58 billion, falling 3.55% in the last 24 hours. «Bitcoin traded close to the US$27,000 level as the market awaits the release of the US non-farm payroll data today. The immediate support level for BTC is now at US$26,500, while resistance is at US$27,200,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Litecoin and Tron surged by over 2%. Meanwhile, BNB, XRP, Cardano, Polygon and Polkadot also traded with gains. The global cryptocurrency market cap was trading higher around $1.14 trillion, rising 1.17% in the last 24 hours.

cryptocurrency markets were trading in the red on Tuesday after the U.S. Securities and Exchange Commission (SEC) filed suit against Binance, accusing the exchange giant of violating securities laws. Bitcoin (BTC) declined 4% to $25,764, whereas Ethereum (ETH) was below the $1,850 level. BTC volume stood at approximately $20.32 billion, rising 76% in the last 24 hours. «The latest development between Binance and SEC has spooked the global crypto market resulting in a bloodbath across digital assets. The market will respond sharply as the Binance-SEC saga unfolds; we should brace ourselves for a choppy market in the coming weeks. Regulatory clarity is the need of the hour for the global crypto ecosystem,» Shivam Thakral, CEO of BuyUcoin, said. The world's biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the US Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a «web of deception» that included artificially inflating its trading volumes and commingling customer funds.

cryptocurrency markets were majorly trading mixed on Monday. Bitcoin, Ethereum, and BNB were trading with cuts, while XRP, Solana, and Tron were trading with gains. Bitcoin (BTC) fell 1.20% to $26,797, whereas Ethereum (ETH) was below the $1,900 level. BTC volume stood at approximately $11.57 billion, falling 39.42% in the last 24 hours. «Crypto markets have continued to be tightly range-bound as overall market capitalization remained just below $1.2 trillion over the weekend, without any change in the last 24 hours. Investors are currently displaying a lack of initiation for trend control. It is because of this that we can expect the market to perform sideways till a prominent narrative picks up,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. The total volume in DeFi is currently $2.29 billion, 8.67% of the total crypto market 24-hour volume. The volume of all stablecoins is now $24.44 billion, which is 92.65% of the total crypto market 24-hour volume.