Binance's BNB Token Holds On To Top 5 Cryptocurrency Spot, But Misses Out On Bitcoin Rally

Binance's BNB Token Holds On To Top 5 Cryptocurrency Spot, But Misses Out On Bitcoin Rally

As the crypto world rejoiced in the surge of Bitcoin, Ethereum, and various meme coins, Binance's BNB token experienced a sense of missing out, failing to enjoy the upward trend of gains that the wider cryptocurrency market was witnessing. What Happened: After the crypto exchange Binance pleaded guilty to anti-money-laundering and sanctions violations and was hit with a $4.3 billion penalty, its native token BNB (CRYPTO: BNB) felt the pressure a…

Binance’s BNB Token Misses Out the $180 Billion Crypto Rally, Will XRP Takeover??

Over the last week, the broader cryptocurrency market witnessed a mega rally jumping 12% and adding more than $180 billion to the overall market cap. While Bitcoin and altcoins together participated in this rally, Binance’s BNB token missed the bus entirely. This happens amid the challenging outlook that Binance is facing amid its ongoing $4.3 billion settlement with US regulators. Over the last week, while almost all of the top ten cryptocurren…