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Binance Coin (BNB) Drops 10 Percent, Bitcoin (BTC), Stellar (XLM) Are the Only Top 10 Coins in the Green

  • Alex Dovbnya
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    Binance Coin (BNB) becomes the worst-performing cryptocurrency inside the CMC top 10 on March 8


Binance Coin (BNB) Drops 10 Percent, Bitcoin (BTC), Stellar (XLM) Are the Only Top 10 Coins in the Green
Contents

International Women's Day is shaping up to be a disaster for Binance Coin (BNB), which suddenly tumbled 10.4 percent. Thus, the coin becomes the biggest loser in the predominantly red CoinMarketCap (CMC) top 10.  

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Is the bullish momentum over? 

As reported by U.Today, Binance Coin (BNB) stopped keeping tabs on the Bitcoin (BTC) price. While the biggest cryptocurrency remained stable, Binance Coin (BNB) spiked 13 percent, which allowed it to trump Tether, the flagship stablecoin, and occupy seventh place on CMC

While the year to date performance of Binance Coin (BNB) is still impressive, the latest drop could be an indicator that its period of aggressive bullishness is ending.

Binance Coin (BNB) Drops 10 Percent   

An unusual pattern 

Bitcoin (BTC) and Stellar (XLM) are the only currencies in the green territory with price upticks. Bitcoin the (BTC) price divergence is very small to speculate about how it’s breaking apart from other altcoins. Recently, the price of Bitcoin (BTC) went down 5.44 percent on CoinMarketCap, showing the unusual pattern, but it simply was a glitch. 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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