Connect with us

News

Binance coin [BNB] registers growth over 5% following Binance’s DEX launch hint; XRP too spikes by over 5%

Namrata Shukla

Published

on

Binance coin [BNB] note growth over 5% following Binance's DEX launch hint; XRP too spikes by over 5%
Source: Pixabay

The cryptocurrency market as of April 18, saw a rise in the price of XRP, the third largest cryptocurrency, along with Binance Coin [BNB], which stands on the seventh place, on CoinMarketCap list.

XRP

At press time, XRP noted 5.47% of growth in the past day. The growth is speculated to be the result of Coinbase pro opening services at 11 more countries including, Argentina, Mexico, Colombia, India, Hong Kong, and New Zealand. At press time, XRP was valued at $0.3415 with a market cap of $14.33 billion. The 24-hour trading volume was noted to be $1.31 billion, as XRP noted a minimal growth of 0.37% within an hour. In the past seven days, it has noted the growth of 1.22%.

Source: Trading view

Source: Trading view

The third largest cryptocurrency was highly traded on ZBG exchange with XRP/USDT pair and the reported volume of $204 million. However, the trade volume comparatively fell to $82 million on BW.com with XRP/USDT pair. The third exchange to note $70 million in volume was Bit-z with XRP/USDT pair.

Binance Coin [BNB]



At press time, BNB was spiking by 5.48% over the past day, after the Twitter post by Binance that hinted at the launch of its DEX. At press time, BNB was valued at $20.73 with a market cap of $2.92 billion. The 24-hour trading volume of BNB was noted to be $270 million, as the coin noted a 0.41% rise in its price within an hour. In the past seven days, BNB noted tremendous growth of 18.58%.

Source: Trading view

Source: Trading view

Binance Coin was highly traded on Bit-Z, as it noted a trading volume of $74 million with BNB/BTC pair. The second and third place was taken by the coin’s home exchange Binance with BNB/USDT and BNB/BTC pairs, respectively. The BNB/USDT pair was traded with a volume of $56 million, while on the BNB/BTC pair registered $41 million in trading volume.





Subscribe to AMBCrypto’s Newsletter




Follow us on Telegram | Twitter | Facebook



Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Bitcoin

Bitcoin [BTC]: Don’t buy BTC at the top, buy it right now, says CNBC’s Brian Kelly

Akash Anand

Published

on

Bitcoin [BTC]: 'Don't buy BTC at the top, buy it right now', says CNBC's Brian Kellyq
Source: Pixabay

Bitcoin’s [BTC] rapid movement on the cryptocurrency charts revitalized an industry which was touted to be dead and buried in early 2019. The events over the past few weeks have not only increased the value of Bitcoin, but have also assisted in raising the collective market cap and the prices of other cryptocurrencies.

Giving more insight into this market movement was CNBC’s Brian Kelly, who touched upon the price fluctuations, as well as where the world’s largest cryptocurrency can go from here. The Bitcoin baller claimed that the 100 percent bounce back from Bitcoin’s lows was a great incentive for new investors. It also provided a reprieve for existing players in the market. Kelly claimed,

“Investors are wondering what the next market driver could be and in my opinion there are a couple of things. First of all we are starting to see the institutional players get into the field, evidenced by the entry of Fidelity and other such companies. Even the retail perspective is huge, with TD Ameritrade investing in Eris X with sources claiming that the organization will open BTC trade for customers in the  next three to six months.”

Kelly also spoke about how the market was entering a phase of a supply cut, where the supply of Bitcoin gets cut in the overall spectrum of the market. According to him, there is generally a price rally a year into the rise and a year out of it, and the combination of the supply cut and the rise in demand will be beneficial to Bitcoin’s price.



The CNBC official was also careful to inform holders and investors that while the price is holding at this point, people need to be careful since the market might be in the mood for a reversal. He warned,

“Do not buy it at the top but rather buy it now.”

At the time of writing, Bitcoin was trading at $7943.23, with a total market cap of $140.712 billion. The 24-hour market volume was holding at $24.816 billion and the BTC market was moving up by 0.45%.





Subscribe to AMBCrypto’s Newsletter


Continue Reading

Trending