Binance Coin Price Jumps 12% as Exchange Records $1.2 Billion Net Inflow; What Next?

Quick Summary:

The leading digital asset, Bitcoin, showcasing its sustainability above $50000, has sparked a relief rally among the majority of major altcoins.

Binance coin price is up 12% since yesterday as the crypto market eased from a recent sell-off.

However, buyers need to follow this uptick, or recuperated selling pressure could push for a prolonged downfall.

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets: India

Topics: Price Analysis Binance Coin (BNB) Bnb price analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 16:18:01 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 362 words

Reading Time: 3 minutes read

Sentences: 39 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21958703

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

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