Binance Coin Regains $400 Price Level, BNB’s Market Cap Crosses $60 Billion

Binance Coin (BNB), the world’s 3rd largest digital currency, regained the important price level of $400 on Thursday after the digital asset posted a strong recovery from the recent correction. As of writing, the crypto asset is trading near $402 with a market cap of more than $61 billion.

According to the latest data published by Coinmarketcap, Binance Coin is up by nearly 30% in the last 7 days. BNB remained the best-performing cryptocurrency among the top 3 digital assets. Binance Coin touched an all-time high of $412 on 7 April 2021. The price of BNB saw a dip of approximately 10% on the same day but recovered quickly to regain the price level of $400.

BNB started this year at a price level of $37. The digital currency has posted more gains than Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term and Ethereum in the last 12 weeks. Binance Coin recently crossed the market cap of $50 billion after a significant surge in demand from retail traders.

Binance CEO Changpeng Zhao remained vocal about his views on Bitcoin and other digital currencies. During a recent interview with Bloomberg, Zhao said that almost 100% of his net wealth is invested in crypto. “I don’t own any fiat. The physical stuff that I own is probably negligible in terms of my net worth. So, this is a conceptual shift. I’m not using crypto to buy fiat; I’m not using crypto to buy houses. I just want to keep crypto. And I don’t plan to convert my crypto into cash in the future,” Zhao said.

Rally in Binance Coin

The overall market cap of Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term touched an all-time high of $2 trillion earlier this week. The total market value of digital currencies is up by more than 120% within the last 3 months. The latest rally in Binance Coin has contributed a lot towards the overall surge in the crypto market cap. BNB’s market cap is $15 billion more than XRP, the 4rth largest digital currency.