Binance Coin BNB Soars to 11-Week High, Bitcoin Stopped at $21K

Binance Coin is among the best performers today, with a notable surge toward an 11-week high.

Bitcoin’s voyage above $21,000 was quickly halted by the bears, and the asset has returned to just under that level.

Most altcoins have calmed following the gains from the end of the working week, with Dogecoin finally retracing slightly today. In contrast, BNB jumped to a multi-month high.

BTC Stopped at $21K

The primary cryptocurrency has been on a roll in the past several days, since it soar from $19,000 to more than $20,000 last Tuesday. It even went as high as $21,000 in the followed days before it retraced $20,000 after the European National Bank said it will raise the interest rates again to a 13-year record.

However, the bulls stepped up once more and pushed BTC north again. As a result, the asset was closing down to $21,000 on Friday. It actually pumped briefly above that level on Saturday, registering a new seven-week high.

However, the low trading volumes on Sunday didn’t permit the cryptocurrency to move higher, and it lost a couple hundred dollars. As of now, the asset has dipped even further south and trades at around $20,500, with some analysts warning that there might be more pain on the horizon.

BTC’s market cap has gone down below $400 billion once more, and its dominance over the alts is still beneath 39%.

BNB Sees New Local Peak

The altcoins went through some notable gains too, and some have continued on doing as such. Binance Coin is among the Today,s top performers, with a great 5% increase. Thus, BNB has soared above $320 interestingly since the center of August. This is maybe fueled by the arrival of the Binance launchpool.

Ethereum dipped below $1,600 recently however has returned over that level now. Dogecoin also retraced hard at one point, yet it’s still the most significant gainer for the past week after the Musk-Twitter deal.

Solana and Polkadot are also well in the green, trading at $34 and $6.8, separately.

Despite retracing slightly since yesterday, the overall crypto market cap is still well above $1 trillion as of now.

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