BNB's Price Increased More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
BNB (CRYPTO: BNB) has seen a 3.31% price increase over the past 24 hours to $303.08, despite a 3.0% decline over the past week from $311.02. The coin's all-time high is $686.31. Trading volume decreased by 27.0% over the past week, and the circulating supply slightly dropped by 0.2% to 153.86 million, which is 76.93% of the max supply. BNB's market cap is currently $46.61 billion, ranking it 4th in the market.
January 26, 2024 | 3:02 pm
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BNB's price has risen by 3.31% in the last 24 hours, showing a short-term positive trend despite a weekly decline. The decrease in trading volume and circulating supply may indicate a consolidation phase.
The price increase of BNB over the past 24 hours, despite a weekly loss, suggests a potential short-term bullish sentiment among investors. However, the decrease in trading volume could signal less trading interest or consolidation, which might temper the impact on the price. The slight decrease in circulating supply could be seen as a positive for price if demand remains constant or increases.
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