Category Archive For "Binance Coin"
Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher.
The price of Binance Coin has gained almost 20% on Bitcoin in July and this spells bullish for the price of the exchange’s IEO tokens.
The rally in altcoins is likely to continue if Bitcoin holds at its current levels but a breakdown below $9,000 could lead to aggressive profit booking by altcoin traders.
As Bitcoin corrected on July 9, altcoin prices dropped but many are holding above their support levels, suggesting the uptrend will resume.
Bitcoin is range-bound but altcoins are rallying, indicating increasing interest among traders looking to make sizable gains off altcoins.