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Cryptocurrency Report.

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

25 July 2024

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 81.10 billion (as per TradingView as of July 25, 2024).

Last week, the benchmark S&P Cryptocurrency Broad Digital Market (BDM) Index started on a positive note and maintained a bullish momentum for the entire week. The index advanced by 607.06 points (~15.39%) to 4551.44 for the week ending July 19, 2024. In the current week starting July 22, 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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