Volatility was at its peak in the crypto market. Binance Coin [BNB], XRP, Ethereum [ETH], and several other coins, witnessed a plummet after bagging significant gains. While a few assets still remained green, the bears announced their entry into the crypto-verse.
Bitcoin [BTC] finally pushed past the barricade set up by the bear and hit $43K. Along with its price, the king coin’s market cap also noted a boost as it rose up to $800 billion. Ethereum [ETH], however, failed to make it to $3K. Despite the arrival of the bull and notwithstanding its daily gains of 1.23%, the altcoin remained at $2,900. The asset was a perfect example of the statement so close, yet so far.
Earlier today, Binance Coin [BNB] was seen bagging massive gains. But, this hot streak was interrupted by the bear. BNB’s journey towards $400 was once again placed hurdled. At the time of writing, BNB was trading for $373 with a price rise of only 0.93% over the last 24-hours.
The asset’s ranking noticed major fluctuations this year. From residing below the top five for the longest time, the altcoin finally made it to the top. Binance Coin even found a spot below Ethereum for a while. However, at press time, BNB stood as the fifth-largest cryptocurrency with a market cap of $62.7 billion.
Binance Coin [BNB] one-hour price chart
The short-term price chart of BNB observed the arrival of the bear. The bullish notion that existed in the market, earlier today was being reversed. The Parabolic SAR indicator laid out a single dot over the candlesticks and announced the presence of the bear. Mirroring this sentiment, the Awesome Oscillator indicator formulated red closing bars. All these bearish signs could further disrupt the altcoin’s journey towards $400.
The Relative Strength Index [RSI] marker remained over the 50 median noting a buyers’ market.