After a fairly stagnant weekend for the cryptocurrency market, the downtrend continues as all top 45 players are in the red. However, despite the serious market correction, Binance Coin (BNB) continues its uptrend — marking significant gains over the past week.
The entire cryptocurrency market marks a slight decline over the last 24 hours, currently capitalizing at about $274 billion — after having lost roughly $6 billion in 24 hours. Bitcoin is also trading in the red, standing at $6,476.07 – down 1 percent for the day, at the time of writing this writing.
The market’s second-ranked cryptocurrency, Ethereum, is also down more than one percent — currently standing at $496.11 after wiping out the gains made after last week’s SEC announcement.
Binance Coin Continues to Grow
Amid a sea of red, Binance Coin (BNB) is battling the downtrend, marking new daily growth.
At the time of writing this, BNB is trading at $16.97 — comprising an increase of almost 3 percent. For the last two weeks, however, Binance Coin has performed exceptionally well. On June 4, the coin marked a daily low of $13.72, meaning that it has made a flawless recovery, spiking by almost 20 percent to reach its current trading price.
Furthermore, BNB seems to be performing well across the board, as it marks an entire month of continuous increases. While its overall chart might be swinging, the fact is that this day last month it traded for $14.95 – approximately about 12 percent less than its current price…
Read Full: Binance Coin Continues To Outperform