BNB Financial News

cryptocurrency markets were trading mixed on Wednesday. Bitcoin, XRP and Dogecoin were trading with gains, while Ethereum, BNB and Solana were trading with cuts. Bitcoin (BTC) rose 1.48% to $30,136, whereas Ethereum (ETH) was below the $2,100 level. BTC volume in the last 24 hours stood at approximately $19.04 billion, rising 11.46% in the last 24 hours. «Over the past 24 hours, Bitcoin has bounced back to the US$30,000 level, recuperating from earlier losses. Investors seem to have renewed their interest in assets that hold value, despite fading concerns about the banking industry. To continue its upward trend, BTC will need to overcome its next resistance level at US$30,500, while its support level is at US$29,800,» Edul Patel, Co-founder and CEO at Mudrex, said. The total volume in DeFi is currently 4.14 billion, 9.13% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $41 billion, which is 90.4% of the total crypto market 24-hour volume.

cryptocurrency markets were trading mixed on Monday. Bitcoin, XRP and Cardano were trading with cuts, while BNB, Solana and Litecoin saw gains. Bitcoin (BTC) fell 1.12% to $29,996, whereas Ethereum (ETH) was above the $2,100 level. BTC volume in the last 24 hours stood at approximately $14.78 billion — rising 29.22% in the last 24 hours. «Over the weekend, Bitcoin maintained its consolidation around the US$30,000 level after reaching a peak of US$31,005 on Friday — its highest point since June 2022. In contrast, Ethereum, the second-largest cryptocurrency, achieved a new 11-month high of US$2,141 over the weekend, driving fresh enthusiasm among investors following the successful Shanghai upgrade,» Edul Patel, Co-founder and CEO at Mudrex, said. ETH is currently trading at US$2,101, which represents a 134% increase since its lowest cycle in June 2022. The market as a whole appears to be bullish, Edul added.

cryptocurrency markets were trading higher on Friday with an increase of over 4% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 2.30% to $30,786, whereas Ethereum (ETH) surged 10.5%, and was above the $2,100 level. «Rising by over 10% in the past 24 hours, ETH is trading in the $2.1k zone despite some fearing a massive dump after the Shapella upgrade. BTC is also on the rise to chase the $31k mark. The crypto fear and greed index have jumped 7 points to regain the scoring for 68, hinting towards increasing investor confidence,» Parth Chaturvedi, Crypto Ecosystem Lead at CoinSwitch, said. Other top crypto tokens were also trading higher on Friday. Dogecoin jumped nearly 9%. Meanwhile, BNB, XRP, Litecoin, Solana and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.28 trillion, rising 4.25% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $595 billion. Bitcoin’s dominance is currently 46.30%, a decrease of 0.95% over the day, according to CoinMarketCap.

«Most cryptocurrencies rose slightly in the past 24 hours after mildly encouraging inflation data on one side and Ethereum Shanghai upgrades on the other. Bitcoin was seen trading above the US$30,000 level, with its resistance set at US$30,500. This shows that the bulls currently have the upper hand in the market. However, the support of BTC lies at the US$29,900 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Solana surged over 5%. Meanwhile, Polkadot, Litecoin, Dogecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.23 trillion, rising 1.09% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $582 billion. Bitcoin’s dominance is currently 47.25%, a decrease of 0.25% over the day, according to CoinMarketCap.

«Most cryptocurrencies witnessed a slight decline ahead of the US CPI data for March, which is set to be released today. Bitcoin was seen consolidating at the US$29,930 level after attempting a fresh increase and spiked above the US$30,450 resistance zone yesterday. The next support of BTC is near the US$29,400 level, and resistance is at US$30,250,» Edul Patel, Co-founder and CEO at Mudrex, said. «On the other hand, the whole crypto industry is looking forward to the long-awaited Shanghai upgrade which is set to go live today, allowing phased staking withdrawals,» Patel added. Other top crypto tokens were also trading lower. Tron declined nearly 5%. Meanwhile, BNB, XRP, Litecoin, Dogecoin and Cardano also traded with cuts. The global cryptocurrency market cap was trading lower around $1.22 trillion, falling 1.22% in the last 24 hours.

cryptocurrency markets were trading higher on Tuesday with an increase of over 4% in the crypto market cap in the last 24 hours. Bitcoin (BTC) rose 6.47% to $30,106, whereas Ethereum (ETH) was above the $1,900 level. BTC volume stood at approximately $23.35 billion, rising 87.02% in the last 24 hours. «Bitcoin has reached a level above US$30,000, which it last saw in June of last year. This rise can be attributed to investor optimism towards this week's U.S inflation data, which could potentially impact the Federal Reserve's monetary policy trajectory,» Edul Patel, Co-founder and CEO at Mudrex, said. «BTC has increased by 6% and is now facing fresh resistance at the US$30,500 level. In the event that BTC fails to overcome this resistance, the next support level would be at US$29,200,» Edul added. Other top crypto tokens were also trading higher. Solana jumped nearly 10%. BNB, XRP, Litecoin and Cardano also traded with gains. The global cryptocurrency market cap was trading higher around $1.23 trillion, rising 4.17% in the last 24 hours.

cryptocurrency markets were trading marginally lower today. Bitcoin (BTC) was below the $27,800 level, whereas Ethereum (ETH) was below the $1,750 level. Meanwhile, the global cryptocurrency market cap was trading lower around $1.15 trillion, falling 0.64% in the last 24 hours. «Most cryptocurrencies slipped late Monday as investors await Wednesday's US central bank's next interest rate decision. Bitcoin traded above the $28,000 level on Monday after the US Federal Reserve announced it had teamed up with five other major central banks to ensure the flow of the US dollar. However, it has since decreased slightly and is trading at the US$27,800 level,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Tuesday. As of 11.40 am, Litecoin was trading over 4% down, while Polkadot, Shiba Inu and Dogecoin slipped over 2%.

Yesterday, the cryptocurrency market saw a decline as the price of Bitcoin dropped 0.87% to $27,806. This came after the leading digital asset reached its highest point since June of the previous year.

cryptocurrency markets were trading mixed on Monday. Bitcoin, Solana and BNB gained, while Ethereum, Polygon and Shiba Inu were trading with cuts. «BTC broke above $28,000 briefly on Monday as the collapse of US banks like SVB and signature has rekindled the debate on the importance of DeFi and digital assets. Bitcoin is poised to test $30,000 very soon but may face some resistance at that level. The FOMC meeting this week will be a major market-moving factor,» Shivam Thakral, CEO of BuyUcoin, said. Edul Patel, Co-founder and CEO at Mudrex, said, «With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months.» Bitcoin (BTC) rose 1.10% to $27,519, while Ethereum (ETH) was above the $1,750 level. The global cryptocurrency market cap was trading around $1.16 trillion, rising 0.13% in the last 24 hours.

It’s been a big week for BNB, the cryptocurrency that power’s the Binance Smart Chain. After tumbling to two-month lows late last week in the mid-$260s amid generalized risk-off across asset classes amid concerns about US bank failures, BNB has seen a stunning rebound.

Binance has confirmed plans to convert $1 billion worth of Binance USD (BUSD) from its Industry Recovery Initiative to native crypto assets, including Bitcoin, Ethereum, and BNB.

Circle, the US-based payments company that issues the stablecoin USD coin (USDC), alleged that major crypto exchange Binance did not fully back some of its own stablecoin proxies - and on Monday, blockchain infrastructure platform Paxos was ordered to cut its connection with Binance in regard to the Binance USD (BUSD) stablecoin.

Bitcoin (BTC) rose 3.11% to $23,788, while Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $30.58 billion, rising 37.16% in the last 24 hours. «Bitcoin traded above $23,900 after reaching a low of $22,874 the previous day. A potential upward trend towards $24,000 and then $25,000 is possible if the market stays favourable. Meanwhile, Ethereum broke above $1,600, with support at that level and resistance at $1,700,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading higher. Polygon rose 12.35%. Solana, Avalanche, Cardano and BNB were also trading with gains.

cryptocurrency market was trading mixed on Friday. Bitcoin, Ethereum, BNB and Polygon were trading with cuts, while Polkadot, Shiba Inu and Tron witnessed gains. Bitcoin (BTC) fell 1.35% to $23,546, whereas Ethereum (ETH) was below the $1,650 level. BTC volume in the last 24 hours stood at approximately $29.49 billion, falling 2.03% in the last 24 hours. «Bitcoin jumped above the $24,000 level in the past 24 hours as markets continued to react to the latest Federal Reserve's policy. BTC briefly hit this level for the first time since August but quickly dropped back to $23,500 due to volatility. Ethereum also rose, with prices nearly reaching $1,700, its highest since September. The immediate resistance for Ethereum is near $1,700, with the next major resistance at $1,720. If it doesn't clear the $1,700 resistance, a correction may occur,» Edul Patel, Co-founder and CEO at Mudrex, said. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 1.16% in the last 24 hours.

Bitcoin (BTC) rose 2% to $23,700, whereas Ethereum (ETH) was above the $1,600 level. BTC volume in the last 24 hours stood at approximately $25.72 billion, rising 46.95% in the last 24 hours. «BTC gained 2% in the past 24 hours and is currently trading above the US$23,600 level. If bulls can hold BTC above the current level, the impulse may continue towards US$24,000 and US$25,000 soon. The volume is also high, indicating the buyers' strength in the market,» Edul Patel, CEO and Co-Founder of Mudrex said. Other top crypto tokens were also trading higher. Solana rose 6%. Polkadot Shiba Inu, Dogecoin and BNB were also trading with gains. The global cryptocurrency market cap was trading around $1.07 trillion, rising 1.54% in the last 24 hours.

Binance will airdrop $100 worth of BNB tokens to its Turkish users affected by the recent devastating earthquake. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

After Monday’s more than 3.0% dip, the second largest so far this month, Binance Coin (BNB) is back on the front foot. BNB/USD was last changing hands about 1.5% higher on the day on Tuesday, having recovered back to the north of the $310 level after finding support at its 21-Day Simple Moving Average (SMA) just above the $300 level.

Traders were disappointed this Christmas when markets did not experience the long-awaited Santa Claus rally that sometimes accompanies the Christmas season. Bitcoin's volatility index showed record lows on December 25, setting a subdued tone for holiday trading. 

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________