BNB's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
BNB (CRYPTO: BNB) has seen a significant price increase of 5.11% in the last 24 hours, reaching $253.73, with a weekly rise of over 9% from $230.93. The coin's all-time high is $686.31. Trading volume surged by 119% over the past week, while the circulating supply slightly decreased by 0.1%. BNB's market cap is currently $38.90 billion, ranking it 4th in the market.
December 12, 2023 | 3:00 pm
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POSITIVE IMPACT
BNB's price has risen by over 5% in the past day and by 9% over the past week, with increased trading volume and a slight decrease in circulating supply.
The price increase of BNB, coupled with a significant rise in trading volume, indicates strong market interest and could lead to continued short-term bullish behavior. The slight decrease in circulating supply may also contribute to upward price pressure. However, as cryptocurrencies are highly volatile, the impact score is not at the maximum.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100