CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • Fund
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$54,182.00
  • ethereum
    ETH$1,837.21
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    Home » Market Updates » BNB Records New ATH As Bitcoin Correction Continues (Market Watch)

    BNB Records New ATH As Bitcoin Correction Continues (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Dec 30, 2020 @ 08:16

    While BTC dipped beneath $26,000 and XRP kept plummeting, Binance Coin headed north and painted a new all-time high of almost $40.

    Bitcoin has continued with highly volatile moves, including a drop from $27,500 to beneath $26,000. Several altcoins have marked serious gains, such as Binance Coin. BNB charted a fresh ATH of about $40 after a double-digit daily surge.

    Bitcoin Rejected At $27,500

    After charting the latest all-time high of about $28,300 a few days ago, bitcoin started to decline in value. Shortly after the record, BTC headed south and dipped beneath $26,000.

    Although the cryptocurrency bounced off that level and traded north of $27,000 for a while, the past 24 hours saw another steep decline.

    This time, bitcoin went from its daily high of about $27,500 to the intraday bottom of $25,850 in a matter of hours. Nevertheless, BTC has recovered some of the losses and currently hovers above $26,500.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    It’s worth noting that while the “actual” price of BTC has dropped recently, the “realized” price has continued to chart fresh all-time highs, according to data from Glassnode. The term refers to the value of coins that are actively used and excludes tokens that are lost or left dormant in wallets for years.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    Bitcoin Realized Price ATH. Source: Glassnode
    Bitcoin Realized Price ATH. Source: Glassnode

    Dumping XRP, BNB Exploding To A New ATH

    While some coins such as Ethereum (-2%), Bitcoin Cash (-2%), and Litecoin (-3%) have charted minor losses in the past 24 hours, others, like XRP have kept nosediving by double-digits.

    The SEC charges against Ripple have resulted in numerous cryptocurrency exchanges delisting the native digital asset. The latest announcement came from the largest US trading venue – Coinbase.

    The consequences for XRP came immediately. The token has plummeted by another 20% in the past 24 hours and currently trades at $0.22. Thus, XRP has lost over 65% of value in less than two weeks.

    In contrast, Cardano and Polkadot have added about 14% of value to $0.18 and $6.3. Binance Coin also jumped by about 12% earlier came inches away from $40. Nevertheless, Binance data shows that BNB marked an all-time high against Tether (USDT).

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

    Further gains are evident from VeChain (12%), Cosmos (9%), Celsius (8%), Augur (7%), and Kusama (7%).

    SPECIAL OFFER (Sponsored)
    Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO35 code to get 35% free bonus on any deposit up to 1 BTC.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Binance Coin (BNB) Price Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$54,182.00
  • ethereum
    ETH$1,837.21
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    ADVERTISEMENT
    pionexb
    2local
    Bitcoin Editorials
    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    What is Dogecoin (DOGE)? 5 Facts About the Crypto That Started as a Joke 

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    The Laser Eyes Meme: Not a Coincidence That This Marked a Local Top for Bitcoin (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    What Are the Risks of Governance Tokens? (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    The Bitcoin Bubble Effect: Yes, We Are in a Very Early Stage (Opinion)

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Will Bitcoin Price Rally Continue In 2021? 8 Key Considerations

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top