BNB Leads Recovery Efforts While Bitcoin Struggles Below $17K (Weekend Watch)

Over the previous day, the entire cryptocurrency market capitalization managed to get better just a few billion, however the general market noticed no appreciable volatility, and quantity is drying up.

Some altcoins managed to tug forward, however the broader sentiment stays fearful.

Bitcoin Struggles Below $17K

Bitcoin’s value was unable to carry above the $17K degree yesterday and dropped to a low of $16,527 on Binance. The cryptocurrency has did not get better and is presently buying and selling at round $16,670.

Source: Binance through TradingView

BTC’s value is down about 2.4% on the week and is simply up 0.2% up to now 24 hours, unable to stage a transparent restoration.

Bitcoin’s dominance – used to primarily gauge its share relative to that of the remainder of the market – sits nonetheless at 38.2% (in keeping with CoinGecko).

Altcoins Calm, BNB Pulls Ahead

For probably the most half, altcoins have additionally been standing nonetheless over he previous day, unable to supply any significant will increase, with sure exceptions.

The finest performer from the highest 10 cash by way of complete market capitalization is Binance Coin. BNB is up 4%, buying and selling at barely under $250 on the time of this writing.

Source: Quantify Crypto

Overall, for the second day in a row, Toncoin (TON) stays one of the best performer from the highest 100, up 6.2%. The cryptocurrency is now up a whopping 40% up to now week.

It appears Tezos (XTZ) misplaced probably the most throughout this era (-3%), which is kind of the identical as WhiteBIT’s WBT token and Mina Protocol’s MINA.


Binance Free $100 (Exclusive): Use this link to register and obtain $100 free and 10% off charges on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to obtain as much as $7,000 in your deposits.

Disclaimer: Information discovered on CryptoPotato is these of writers quoted. It doesn’t signify the opinions of CryptoPotato on whether or not to purchase, promote, or maintain any investments. You are suggested to conduct your individual analysis earlier than making any funding choices. Use offered info at your individual threat. See Disclaimer for extra info.

Cryptocurrency charts by TradingView.

Recommended For You

About the Author: Daniel