The token that is launched by the world’s largest cryptocurrency exchange Binance has recently hit an all-time high against Bitcoin. According to analysts, this is because of the latest news around Binance and it’s new bank account that was set up in Malta.
Anyways, what’s important is the fact that BNB achieved a new milestone of 0.
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002287 earlier today, changing hands at 0.0022 BTC on Binance, up 8% since yesterday. This sharp rally pushed the market capitalization of Binance (BNB) to a five-month high, making it the 17th largest cryptocurrency in terms of market cap.
Currently, Binance has a market cap that is close to $2 billion – and is still rallying. The trading volume of Binance also rose by 155% over the last 48 hours which means that more and more people have been buying the token.
What’s most important is the fact that the Binance coin-US dollar (BNB/USD) exchange rate also hit a 5.5 month high of $17.60 on Binance and was trading at less than $17 at press time – which is still up 15% in the last 24 hours.
A detailed look at the individual markets also reveals that the BNB/BTC and binance coin-tether (BNB/USDT) pairs currently account for more than 85% of the total BNB trading volume ($0.148 billion) seen over the past 24 hours.
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