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

News
Thu, 04/18/2019 - 18:47
Alex Dovbnya
Bitcoin finally hits $5,300 while Binance Coin is ruling the roost with a double-digit price increase   
Cover image via U.Today
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)

Related
It Could Take Bitcoin 22 Years to Retest Its ATH: UBS Analyst

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.

Related
This Is the Happiest Bitcoin Investors Have Been Since 2016: Tom Lee

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.

Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions!

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.

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy