One Cryptocurrency Sustaining Below the Resistance Levels- Binance Coin (BNB)

Cryptocurrency Report.

One Cryptocurrency Sustaining Below the Resistance Levels- Binance Coin (BNB)

04 July 2024

| Read Time :5:00 Mins

BNB

Investment Type

Crypto

Risk Level

Action

Rec. Price (US$)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. Binance Coin (BNB) is one of the popular digital assets created by one of the major crypto exchange platforms ‘Binance’ in 2017. BNB has a market capitalization of ~USD 79.57 billion (as per TradingView as of July 04, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a negative note and maintained a bearish momentum for the entire week. The index declined by 210.96 points (~4.83%) to 4152.98 for the week ending June 28, 2024. In the current week starting July 01, 2024, the index is trading with negative momentum. Moreover, other major cryptocurrencies, such as Bitcoin and Ethereum, are witnessing bearish momentum for the current week.

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