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Bitcoin (BTC) Touches $5,300, Binance Coin (BNB) Surges 12 Percent

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Thu, 04/18/2019 - 18:47
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Contents

Bitcoin, the biggest cryptocurrency by market capitalization, has finally surpassed the key resistance level of $5,300, according to the data provided by CoinMarketCap. Meanwhile, Binance Coin is the top gainer inside the top 10 after a slew of new developments inside their ecosystem.  

Source: CoinMarketCap


(Source: CoinMarketCap)

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Bitcoin’s recovery

On Apr. 17, Bitcoin was struggling to break above the $5,250 resistance level, but it appears that the coin keeps gaining significant traction today. With its price currently sitting at $5,300, breaking above $5,350 seems like an easy target for the top cryptocurrency.

U.Today reminds its readers that the coin has to breach the $5,400 mark in order to reach a brand-new YTD. Regardless, 2019 is poised to be the fourth year in a row when BTC finishes April on a positive note.

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Binance Chain hype

As expected, Binance Coin, the native token of the Binance cryptocurrency exchange, is the biggest gainer in the CoinMarketCap top 10. After a 12 percent increase, its price is currently sitting at $21.94.

The exchange has been dominating the headlines throughout the day after launching the mainnet of its DEX Binance Chain. As reported by U.Today, the migration of BNB token from the Ethereum network to Binance Chain will take place on Apr. 19-22.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.

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