Binance Coin rallied by 46%. What about other cryptos?


Binance coin, Bitcoin, and Ethereum hit new highs during the past few days. On Thursday, the crypto soared by 46.8%, reaching the high record of $193. However, BNB price formed a support base above the $120 level yesterday and started another strong upward move.


Afterward, the price overcome the $150 resistance level, settling above the 100 simple moving average (4-hours). The crypto also managed to break a major bearish trend line with resistance at $130 of the BNB/USDT pair.


The pair jumped by 20%, soaring above the $175 level. Then it formed a new high near $176, before reaching $193 today. If BNB remains stable above the current price, it could continue to increase and even hit the $200 level in the coming sessions.


How did Bitcoin and other major cryptos fare?


On Wednesday, Bitcoin surged forward by 0.75% to $49,572.5. After a bullish start of the day, the crypto jumped from an early morning low of $49,182.0 to a high of $49,584.0.


Meanwhile, other digital coins fluctuated during the session. Litecoin increased by 0.85%, and Ripple’s XRP added 1.76%, joining Bitcoin in the green. However, other majors traded on the bearish territory, with Chainlink tumbling down by 1.17%.


On Tuesday, Bitcoin rallied by 2.65%. After reversing a 1.42% loss from Monday, the crypto ended the day at $49,203.0. But it fluctuated during the session, dropping to an early morning intraday low of $47,0460 before moving again.

  • Support
  • Platform
  • Spreads
  • Trading Instument

For more news updates, visit our homepage now and see our latest news article. Want to learn more about trading? Visit our education page now and learn for FREE!


Leave a Reply