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Bitcoin [BTC]: Crypto-enthusiasts warn people to tread carefully as market pumps

Namrata Shukla

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Crypto enthusiasts warns people to tread carefully as the market pumps
Source: Pixabay

Most cryptocurrencies observed significant growth before falling, at press time. However, the growth of individual coins provoked some analysts to call it the beginning of a bull run. However, Ran NeuNer, crypto influencer and Founder of Onchain Capital, called it a ‘raging bull market,’ and asked the community to ‘tread carefully.’

The influencer tweeted,

“This market it going up too fast… tread carefully.”

NeuNer said that growth worth 40% in 5 days is ‘too fast’ for him and thus, gave the warning. Another Twitter user highlighted all the important events that occurred over the space of a few days, like Fidelity, Bakkt and TD Ameritrade joining crypto, following which, the the pump had to happen, he said.

NeuNer also spoke to Vinny Lingham, CEO of Civic Key and a Bitcoin enthusiast, who had previously claimed that if BTC held the $6,200 mark then, “the bear market is officially over.” Like NeuNer, Lingham too called it a “raging bull.”

As market movement progressed, NeuNer commented on the 2017’s bull run and said,



“This bull run will make 2017 look like play school.”

As most influencers pinned their hopes on BTC, altcoins went through significant changes as well. Twitter user, @BGIradji, commented on NeuNer’s previous tweet,

“P.S. The others don’t matter. Without BTC liquidity, it does not matter how much they are up or down. They are up “80%” if traded for BTC for liquidity.”

The price of BTC has been pumping over the past few days and had settled at a value of $7,892.72, at press time. BTC observed a 29.91% growth over the past seven days. However, the coin underwent a correction as it fell by 1.78% over the past day, and by 1.03% in an hour. However, this correction maintained the price of the coin above the $7,500 mark.





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

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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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