Binance Coin (BNB) falls at 6-month low, Bitcoin (BTC) fails at $ 26,000 (Market Watch)

Binance Coin (BNB) falls at 6-month low, Bitcoin (BTC) fails at $ 26,000 (Market Watch)

In another attempt to compensate for part of the latest losses, Bitcoin tried $ 26,000, but failed, at least for the time being.

Some old coins like Ada and Matic are recovering, but BNB has fallen strongly to a low of several months.

Bitcoin stopped at $ 26,000

You can say with certainty that the last seven days for Bitcoin and the rest of the market did not go well. It all started on Monday, when the US stock exchange supervision SEC submitted a lawsuit against Binance, the BTC from $ 27,000 to $ 25,500. When the asset tried to recover, the SEC did this again on Tuesday - this time the supervisory authority sued Coinbase.

Bitcoin crashed again, but surprisingly recovered quite spectacular and rose by $ 2,000 to $ 27,400. This dynamic was stopped again and BTC fell back towards $ 26,500, where it spent the next few days

On Friday evening and Saturday morning, however, another market correction occurred, which dropped the cryptocurrency at $ 25,500. There was further volatility at the weekend, and BTC tried to win the $ 26,000 mark back, but could at least not be.

Therefore, its market capitalization is still $ 500 billion, while its dominance compared to the alternative coins is almost 48 % after falling under 46 % a few weeks ago.

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ada rises, BNB sinks

Several old coins, which the SEC described in their complaints as non -registered securities, were severely damaged last week. One of them is expected to be BNB - the native cryptocurrency of Binance.

BNB was over $ 310 last week, but almost immediately fell below $ 300. The dive continued during the week, on weekends and in the last 24 hours. Therefore, the asset fell just over $ 220, which has been the lowest price for six months.

also ETH, Dogecoin, Solana, Litecoin, Avalanche and Shiba Inu write red compared to the larger old coins. In contrast, ADA has risen by 6 % to $ 0.28, while Matatic rose by 4 % and is over $ 0.6.

Despite the massive volatility of some assets, the total capitalization of the crypto market has remained relatively unchanged at $ 1.150 trillion.

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